ACC601: Practical Trial Balance for Manly Surf and Wellness Shop
VerifiedAdded on  2022/12/22
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Practical Assignment
AI Summary
This practical accounting assignment focuses on the financial performance of The Manly Surf and Wellness Shop for the month of April 2019, as part of the ACC601 course at the International College of Management, Sydney. The assignment requires students to generate and analyze various financial reports using Xero software. The solution includes a detailed trial balance, aged payables and receivables reports, a general ledger, profit and loss statements (in both PDF and Excel formats), a balance sheet (in both PDF and Excel formats), all journals, and a short report summarizing the company's performance. The trial balance provides a comprehensive overview of the shop's financial position, including assets, liabilities, equity, revenues, and expenses. The assignment aims to assess students' understanding of accounting principles and their ability to apply these principles in a practical setting using accounting software. The provided solution offers a complete set of financial statements and analysis for the given period, providing a valuable resource for students studying accounting and finance.
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