SYNOPSIS:

Fromtheseexercises,studentswillcombinethethreestatementsthattheylearnedbefore.Learnabouttheroleaccountingplaysinanorganizationand howtoprepareandanalyzebasic financialstatements.

QUESTION:

Chooseone ofthe industriesyouareinterested inand analyzethecompany's activitiesrelatedbyusing three(3)methodsbelow:

1. Company'stransactionthroughjournal
2. Chooseanytrialbalancesample
3. Combinejournalandselectedtrialbalancetoadjustmenttrialbalance
4. Transferalltransactionsintocompletefinancialstatement
5. Analyzeandconcludethe businessperformanceThecasescenariobased onthe transactionsbelow:
6. Yourcompanycapitalisaround RM 350,000whicharefromcash,bank,andan asset.
7. Yourcompanyalsohavefour(4)creditpurchased.
8. Yoursoldgoodsachieveuntilsix(10)transactions.
9. Makesureyourcompanyhasthree(4)returnseitherreturnoutwardsorreturn inwards.
10. Everycompanyhaspaidtheirutilitieswhichareforelectricitybills,waterbillsandinternetbills.
11. Everycompanymustpaytheirworkerssalary.
12. Don'tforgettopayatleasttwo(3)timesforaccountspayableandreceivedchequefromcustomerforaccountsreceivable.
13. InsurancepaidforamonthRM1,500bycash.
14. SalaryRM55,000everymonth

Theassessmentreportssubmittedinclude:

1. ProfessionalCover
2. Printed/softcopyreportby usingMicrosoftOfficeExcelandMicrosoftWord.
3. Conclusionbasedonselectedindustry
4. Handsonform