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Prepare Journal, Ledger, Trial Balance, Profit and Loss A/c, Balance Sheet in MS Excel and upload in AmpEducator Your name is Owner Name. 1
Prepare Journal, Ledger, Trial Balance, Profit and Loss A/c, Balance Sheet in MS Excel and upload in AmpEducator Your name is Owner Name. 1 You started business with cash worth $12000. 2 Deposited $7500 cash into Scotia Bank. 3 Commission is paid $250 by cash 4.Rent of building paid by cash $1200 5. Received $6000 cash as service revenu 6 Laptop is purchased of $ 500 and payment is made by cheque 7. Advertisement Expenses are paid by cheque $320 & Long term loan $2500 is taken from scotia bank 9. Bought Furniture on Credit from IKEA $ 1000 10. short term loan from friend Ms. Meera Cash $1100 Calculate: Current Ratio, Debt to Total Assets ratio, Debt to Equity Ratio for financial Analysis. Auto Format 10 Marks Trial Balance 10 Marks 15 Marks Net Profit Total of Assets side Total of Liability Side Current Ratio Debt to Total Assets Ratio Debt to Equity Ratio Total 10 Marks 10 Marks 5 Marks 5 Marks 5 Marks 70 Marks
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