This report contains two parts. In part one recording journal entries in books of Anne York, a sole trader who carries the business of furniture. Preparing ledgers accounts, trial balance, income statement, balance sheet and drawings are explained in first task. Ratios of the same business is interpreted from the above financial statements and impact of global pandemic is discussed in part B of the respective report.

Learn how to record financial transactions and interpret ratios for a furniture business in this report, with a discussion on the pandemic's impact.

Recording Business Transactions - Assessment 2 | Desklib

Recording Business Transactions - Assessment 2

This report covers the preparation of books of accounts including passing of journal entries, preparation of ledger accounts, trial balance, income statement and balance sheet of Anne, a sole trader carrying out furniture business. It also includes the impact of Covid 19 on the business and the calculation of accounting ratios.

Hartpury University and Hartpury College

Recording Business Transactions: Journal Entries, Ledgers, Trial Balance, Income Statement, and Balance Sheet

This report covers journal entries, ledgers, trial balance, income statement, and balance sheet for Recording Business Transactions. It also includes an explanation of drawings and evaluation of accounting ratios.

Finance

Recording Business Transactions: Journal Entries, Ledgers, Income Statement, Balance Sheet

This report explains how to record business transactions, prepare ledgers, formulate trial balance, income statement, and balance sheet. It also covers determining accounting ratios and understanding the impact of COVID-19 on business operations.

Recording Business Transactions: Journal Entries, Ledgers, Ratios, and COVID-19 Impact

This report highlights the financial recording of different firms which are provided in the case. These entries were recorded in the books of accounts and from there the balances were taken to trial balance to help formulate the financial statements of the businesses. It also includes the calculation of different financial ratios and analysis of Anne's enterprise in comparison to competitors and the impact of Covid-19 pandemic on the business.

Recording Business Transactions: Journal Entries, Ledgers, Financial Statements, and Ratios

history

This assessment covers the recording of business transactions in journals, preparation of general ledgers, formulation of trial balance, construction of income statement and balance sheet. It also includes accounting ratios and the impact of Covid-19 pandemic on the business.

Halifax Community College 