All students need to form a group of 3-4 members and create a company profile where the company is managing the business operations of two (2) months period. a) Each group needs to choose one of the following industry for the companys business operation: Trading consumable products Trading management service b) The business operation must record the related accounting transactions during the TWO (2) months period. The initial opening cash of the companys bank account is RM 50,000.00. c) The related accounting transactions in which cover the accounts of each month are as follows: i) Assets ii) Liabilities iii) Capital (compulsory for the 1st month) iv) Revenue of 1 sales product/service only iv) Purchases ii) 8-10 types operating expenses d) Each month should consist of 10-15 transactions from the respective accounts. e) All transactions of the 2 months should be recorded in the respective journal entries. f) To construct general ledgers of each account with proper closing for ended of 2 months. g) To prepare the companys Trial Balance and Income Statement for ended of the 2 months. h) To provide conclusion on the companys performance for the 2 months. The assignment will be evaluated as below: INTRODUCTION -INFO ABOUT THE ASSIGNMENT -COMPANYS BACKGROUND 10 CONTENTS Journal Entry :20 General Ledger:30 Trial Balance:10 Income Statement:20 80 CONCLUSION 10 TOTAL MARKS 100