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You have started a business of your own. Choose any type of organization. The chosen organization should be critically evaluated in terms of its accounting
You have started a business of your own. Choose any type of organization. The chosen organization should be critically evaluated in terms of its accounting system and its specifications based on the following questions.
- Discuss in brief the background of the organization including its mission, vision, and objective of the organization and address the importance of the entity chosen.
- Elaborate its capital, assets, and liabilities as well as its equities and justify its value as well.
- An analysis of its any ONE(1) month of its transactions(not less than 30 transactions) including the Prime Book Entries.
- Discuss the analysis from the above(c) transactions with relevant Financial Statement Extract from your organization after balancing off the transactions Ledgers.
- Illustrate the organizations any ONE(1) month Petty Cash Book to show future cash flow prospects.
- Accommodate the company with any ONE(1) month bank reconciliation done in current or any prior date.
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