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Recording Business Transactions

   

Added on  2022-12-29

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Recording business
transactions
Recording Business Transactions_1

Table of Contents
INTRODUCTION...........................................................................................................................1
PART A...........................................................................................................................................1
Journal transactions of T- accounts:............................................................................................1
Balance the accounts and an opening balances:..........................................................................2
Trial balance:...............................................................................................................................5
Income statement for the period 31st Oct. 2020:.........................................................................6
Preparation of financial position 31st Oct. 2020:........................................................................6
PART B............................................................................................................................................7
Ratio calculation for Linda's business:........................................................................................7
Analysis of ratio analysis in comparison to its competitors:.......................................................8
CONCLUSION...............................................................................................................................9
Recording Business Transactions_2

INTRODUCTION
Accounting is systematic procedure which help in recording, measuring, collecting as
well as interpret business transaction. This report has been formulated to define how manager
use accounting applications for collecting, recording analysis and interpreting financial as well as
non financial data by formulating journal, ledger, trial balance and income statement. This
report also showcase relevance of financial ratio for measuring performance of Linda's
organization with its competitors.
PART A
Journal transactions of T- accounts:
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