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You decided to mn a small business Total fixed asset 140,000. Total current asset 15,220 Total current liability 14,040 Capital 90 000 Non current
You decided to mn a small business Total fixed asset 140,000. Total current asset 15,220 Total current liability 14,040 Capital 90 000 Non current liability 45, 500 Transactions that occurred for the last 2 months Number of transactions must meet minumum requirement as follows 1) Expenses 10 cash transactions, 5 accured transactions 11) Purchase of goods: 10 cash transactions, 5 credit transactions 111) Sales 20 cash transactions, 10 credit transactions 1v)Sales & purchase returns: 2 transactions each v) payment of loan : 2 transactions VI) At the end of two months provide depreciation for each fixed asset provide doubtful debts 5% of outstanding deb fors number of accounts/a ledgers must meet as follow: 1. Fixed assets 3 accounts 11: Current assets: 5 accounts 111 Current liability :3 accounts V non current liability : 2 accounts v: Expenses : 7 accounts minimun requirement PUT ALL TRANSACTIONS IN A GENERAL LEDGER EXCEPT FOR SALE AND PURCHASE WHICH NEED TO BE IN SALE PURCHASE JOURAL A JOURNAL ACCORDINGLY. AE AFTER THAT POST THEM TO LEDGERS PROUDE C/D BID Balane.
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