marzuki.apek@gmail.comzFINANCIAL INFORMATIONS

a$)$ Assuming your business operation already established for few months back. $($Begin your

transactions with the beginning balance of the previous account$)$

i$.$ Opening balance

Create the beginning balance of the previous month account $($ie: Balance of asset, liabilities &

equity$)$

ii$.$ Transactions

Create your own business transactions for one month. The transactions must comprise of:

Contribution of capital by the owner of the business $($cash and other non$-$current assets$)$

$3$ credit purchase

$2$ cash purchase

$4$ credit sales

$2$ cash sales

$2$ purchases of non$-$current assets

$2$ payments to supplier plus discount

$2$ payments by receivables plus discount

$4$ transactions on payment of expenses

$2$ transactions on revenue received

$2$ transactions on non$-$current liabilities

Drawings of goods and cash by the owner

$2$ transactions of sales return

$2$ transactions of purchase return

iii. Journal

Record the transactions in the general journal.

iv$.$ Ledger

Posting of transactions to the relevant ledger.

v$.$ Trial Balance

Prepare trial balance at the end of the month.

vi$.$ Prepare Financial Statement

Prepare the financial statements at the end of the month. $($Statements of Comprehensive

Income and Statement of Financial Position$)$