Assume you have graduated, and Instead of searching for a Job you want start a Business. For which you are considering following Options.

a) Software House; b) Home Food Delivery Services; c) Tax and Accounting Consultancy Services

a. Select any one business from above and write one paragraph why you are interested in this kind of business that you planned. Justify that business will be profitable investment.

b. Plan list of Assets for this business (prepare list of Assets required).

c. Plan and list common business expenses and main source of Business Income that this business incurred.

d. You are supposed to write 8 transactions yourself for first month of business starting with Capital Investment. Keep some cash basis and some on credit, write 3 expenses and 2 revenue based transactions should be there too.

e. Prepare General Journal of your developed transactions of part (d)

f. General Ledger

g. Trial Balance at the end of month