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Q1: Select any merchandising company of your choice. Collect 50 representative transactions covering one month of that company ( repetitive transactions should be combined, for
Q1: Select any merchandising company of your choice. Collect 50 representative transactions covering one month of that company ( repetitive transactions should be combined, for example, there may be numerous transactions related to purchase, sale, cash receipts, cash payments and so on in one day) The report should include the following: Table of contents Executive summary Brief profile of the company Descriptions of transactions Recording of transactions in the Special Journals (Sales, Purchase, Cash receipts and Cash Payments) Posting of transactions to the respective accounts in the General Ledger Posting of transactions to the respective accounts in Subsidiary Ledger ( Accounts Receivable and Accounts Payable Ledger) Preparation of Trial Balance Completions of Accounting Cycle Recording and posting of Adjusting Entries Recording and posting of Closing Entries Preparation of Post-closing Trial Balance Q1: Select any merchandising company of your choice. Collect 50 representative transactions covering one month of that company ( repetitive transactions should be combined, for example, there may be numerous transactions related to purchase, sale, cash receipts, cash payments and so on in one day) should include the following: Table of contents Executive summary Brief profile of the company Descriptions of transactions Recording of transactions in the Special Journals (Sales, Purchase, Cash receipts and Cash Payments) Posting of transactions to the respective accounts in the General Ledger Posting of transactions to the respective accounts in Subsidiary Ledger ( Accounts Receivable and Accounts Payable Ledger) Preparation of Trial Balance Completions of Accounting Cycle Recording and posting of Adjusting Entries Recording and posting of Closing Entries Preparation of Post-closing Trial Balance
Q1: Select any merchandising company of your choice. Collect 50 representative transactions covering one month of that company ( repetitive transactions should be combined, for example, there may be numerous transactions related to purchase, sale, cash receipts, cash payments and so on in one day)
The report should include the following:
Table of contents
Executive summary
Brief profile of the company
Descriptions of transactions
Recording of transactions in the Special Journals (Sales, Purchase, Cash receipts and Cash Payments)
Posting of transactions to the respective accounts in the General Ledger
Posting of transactions to the respective accounts in Subsidiary Ledger ( Accounts Receivable and Accounts Payable Ledger)
Preparation of Trial Balance
Completions of Accounting Cycle
Recording and posting of Adjusting Entries
Recording and posting of Closing Entries
Preparation of Post-closing Trial Balance
Q1: Select any merchandising company of your choice. Collect 50 representative transactions covering one month of that company ( repetitive transactions should be combined, for example, there may be numerous transactions related to purchase, sale, cash receipts, cash payments and so on in one day)
should include the following:
Table of contents
Executive summary
Brief profile of the company
Descriptions of transactions
Recording of transactions in the Special Journals (Sales, Purchase, Cash receipts and Cash Payments)
Posting of transactions to the respective accounts in the General Ledger
Posting of transactions to the respective accounts in Subsidiary Ledger ( Accounts Receivable and Accounts Payable Ledger)
Preparation of Trial Balance
Completions of Accounting Cycle
Recording and posting of Adjusting Entries
Recording and posting of Closing Entries
Preparation of Post-closing Trial Balance
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The Complete Guide To Spotting Accounting Fraud And Cover-Ups
Authors: Martha Maeda
1st Edition
160138212X, 978-1601382122
