BA30592E: Business Transactions, Financials & Analysis - UWL

This report provides a comprehensive analysis of recording business transactions, including journal entries, ledger postings, trial balance preparation, income statement formulation, and balance sheet presentation. It includes a letter addressing a query about holiday expenses and their impact on the company's financial performance. The report also calculates and evaluates key financial ratios, such as profitability, liquidity, and efficiency ratios, to assess the company's performance. The analysis reveals areas of strength and weakness, highlighting the importance of efficient resource management and strategic decision-making for achieving financial stability and improved profitability. Desklib provides access to similar solved assignments and study resources.

Assessment 2

TABLE OF CONTENTS
INTRODUCTION.............................................................................................................................................
ASSESSMENT 2..............................................................................................................................................
PART A...........................................................................................................................................................
a) Recording the transactions in T account............................................................................................
c) Formulating Trial balance as at 31st October 2021...........................................................................
d) Preparing income statement for the period ended 31st October 2021............................................
e) Formulating financial position as at 31st October 2021.....................................................................
f) Writing letter to Linda for her query regarding holiday.....................................................................
PART B...........................................................................................................................................................
Calculating ratios for Anne’s business.......................................................................................................
Evaluating the performance of company..................................................................................................
CONCLUSION.................................................................................................................................................
REFERENCES..................................................................................................................................................

INTRODUCTION
Recording the business transactions helps the company to have the record the entry of
the each transaction done in the business. It is the multi-step process which helps to examine
the each transaction and also to decide that which account swill be get affected. In the current
era, it is very essential for the company to keep the record of the data which helps in
coordinating with the finance department. The current project will outline the information
related to the journal entries, ledger, trial balance, financial position, income statement and a
writing letter to Linda. At last this report will outline the analysis on the performance of the
company by calculating the ratios of the organization.
ASSESSMENT 2
PART A
a) Recording the transaction in T account