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