Answered step by step
Verified Expert Solution
Question
1 Approved Answer
required to create a company and prepare the financial statements that meet the following requirements: a ) At least 5 expenses activities b ) At
required to create a company and prepare the financial statements that meet the following requirements:
a
At least
expenses activities
b
At least
indirect revenues
c
At least
discount received
d
At least
discount given
e
At least
accrued transactions
f
At least
prepaid transactions
g
At least
fixed assets
h
At least
current assets
i
At least
non
current liabilities
j
At least
current liabilities
k
At least
accumulated depreciations
straight line method,
reducing balance
method
l
At least
return inward and outward
In order to complete the financial statements, you may add transactions that are necessary in
producing profit or loss and completing the statements
Eg: Sales, Purchase, Equity
Prepare the following based on clothing company
s transactions:
i
Journal entries,
ii
Ledger
iii. Trial balance
iv
Statement of comprehensive income
v
Statement of financial position
need an proper accounting answers of clothing company in RM not an explanation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started