Recording Business Transactions Birmingham BA3LA92O

Recording business
transactions

Contents
Contents...........................................................................................................................................2
ASSESSMENT 1.............................................................................................................................1
INTRODUCTION...........................................................................................................................1
PART A...........................................................................................................................................1
Summarize the steps involved in starting a new decorator enterprise.........................................1
Explain the upper leadership concerned in accounting for a company listed on the London
Stock market................................................................................................................................2
PART B...........................................................................................................................................3
1. Record the journal entries in the F Polk books........................................................................3
2. Make the ledger accounts in the books of Maurice and brothers............................................4
PART C...........................................................................................................................................7
Create a income statement for B Morre.......................................................................................7
b) Analyze how the earnings for 2022 could be increased or decreased in consideration of the
COVID–19 outbreak....................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

ASSESSMENT 1
INTRODUCTION
An economic business is a fiscal circumstances of a company that symbolises the entire
integrity of the company (Barry, 2016). Accountancy data are categorized into two parts: inputs
and present accounts. The financial position of the company is documented in the journal. The
starting and ending balances of the multiple agencies stated in activities are included in
accounting records. This document explains the steps involved in starting a redecorating business
for someone who wants to start one. Furthermore, as explained by Marks and Spencer, an upper
executive requires the assistance of accretion assessment. Following that, papers, payment
history, financial statements, and dividend income are generated depending on the purchasing
details.
PART A
Summarize the steps involved in starting a new decorator enterprise
David Green is a single businessman looking to begin a new decorating comapny. He is
completely aware of his duty regarding obligations which can arise in the course of the
enterprise. As a response, he requires assistance on a few points of the firm's launch.
 Creating diverse interconnection as every business must cooperate in activities that serve
the poor and create an effective environment. It fosters understanding and facilitates in
the establishment of a support network for the establishments. Expanding the quantity of
links is an additional advertising technique which will increase the amount of customer.
 David must create accounts on many social connecting websites, including Wikipedia,
Gmail, and Face book. It could make people more aware and possibly assist in the
procurement of activities (Brijs, 2016).
 Creating a corporate strategy as program is established to fulfil prosperity.
 Developing a business approach as a business approach is related to a brochure because it
outlines the business intent, competencies, and activities that it has performed or intends
to bring. It should also include knowledge about the next procedure, which would have
been performed successfully. It also contains data about the firm's management, like
credentials and professions.