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PME Company is managing the business operations for two (2) months period. The business operation must record the related accounting transactions during the two (2)

  • PME Company is managing the business operations for two (2) months period.
  • The business operation must record the related accounting transactions during the two (2) months period. The initial opening cash of the company’s bank account is RM 10,000.00.
  • The related accounting transactions which cover theaccounts of each month are as follows:
  1. Assets
  2. Liabilities
  3. Capital (compulsory for the 1st month)
  4. Revenue of 1 sales product only

              iv)  Purchases 

              ii)   8-10 types of operating expenses

  • Each month should consist of 10-12 transactions from the respective accounts. 
  • All transactions of the 2 months should be recorded in the respective journal entries.
  • To construct general ledgers of each account with proper closing for ended of 2 months.
  • To prepare the company’s Trial Balance and Income Statement for ended of the 2 months.
  • To provide conclusion on the company’s performance for the 2 months.

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