Financial Statement Analysis of HSC Trading Group Limited

Running head: IT
IT
Name of the Student:
Name of the University:
Author Note

1IT
Table of Contents
Introduction:....................................................................................................................................2
Discussion:.......................................................................................................................................2
Set-Up and Recording Transaction in Sage 50:...........................................................................2
Creating New Company File in Sage 50:................................................................................2
Customer Set Up:.....................................................................................................................3
Vendor Set Up:........................................................................................................................3
Inventory Set Up:.....................................................................................................................3
Payroll Set Up:.........................................................................................................................4
Credit Sales Invoice Posting:...................................................................................................4
Credit Purchase Invoice Posting:.............................................................................................5
Analysis of Financial Statements:...............................................................................................6
Conclusion:......................................................................................................................................7
References list:.................................................................................................................................8

2IT
Introduction:
The report is prepared for analyzing the financial statements of HSC Trading Group
Limited such as periodic trail balance, profit and loss statement and balance sheet. The periodic
trail balance is the statement that provides detail of account balances in the general ledger and
deals with the verification of total of debit and credit columns at the end of reporting period.
Profit and loss statement is the financial report providing summary of expenses, revenue and
losses attributable to company for any particular period. Balance sheet is the statement of
financial position that discloses liabilities and assets of company (Maaloul and Zéghal 2015).
Discussion:
Set-Up and Recording Transaction in Sage 50:
Creating New Company File in Sage 50: