The firm is located Poa sba conclusion the busy financial sector of the city at 84 Main Street, Port of Lane. Based on the financial results, the firm performed well over its first two months of operation. It is anticipated that this will pick up in a short time. Jane Brown was assisted in determining that the best business type suited for her activities and size is the sole trader form.
To prepare the source documents, journals and ledger accounts necessary for the recording of transactions for January and February Profitability ABC was profitable over the two-month.
It remained very liquid and generated a reasonable return. Stock turnover Turnover Ratio Cost of goods sold? Her Poa sba conclusion sheet as at 31 January, ; trial balance at 28 February, ; income statement for the two months ended 28 February, ; and balance sheet at that date were prepared.
Income Statement Inventory To record opening inventory. Computers Bank To record the purchase of a laptop Computers Charles and Sons To record the purchase of colour printer. Net due in 30 days. Inventory Income Statement To record closing inventory.
To record credit purchase of office furniture. Ratios Name of ratio Calculation January February. These contributed to an ROCE of 0. To prepare her balance sheet as at 31 January, ; trial balance at 28 February, ; income statement for the two months ended 28 February, ; and balance sheet at that date.
Liquidity The firm was very liquid over the period, registering healthy current 3. Brown chose to commence business as a sole trader primarily because she would be fully in control of all decision making.
Merchandise moved relatively slowly every To assist Jane Brown in determining the best business type suited for her activities. Her source documents, journals and ledger accounts necessary for the recording of transactions for January and February were prepared.
The firm sells photo equipment and accessories but may also provide basic photographic services in the future. Any four source documents will be sufficient. Jane can look to investing excess cash in short — term investments.
Net sales x — In addition, she would retain all profits for herself.78 Conclusion From doing this project I have increase my knowledge on the preparation of the accounting books, and I have also gain more knowledge on the accounting principle and procedures.
In this project and taking account personnel, I have learnt how to analyse and interpret accounting data and information effectively for future use. Poa sba. or any similar topic specifically for you. Do Not Waste Your Time.
HIRE WRITER. Principles of Accounts for Caribbean Examinations Conclusion 1. Jane Brown was assisted in determining that the best business type suited for her activities and size is the sole trader form.
2. Her source documents, journals and ledger accounts. Principles of Accounts School Based Assessment () You are required to name the firm and state the nature of the business. This must be in accordance with the items sold*.
After the initial accounting entries (Tasks 1 -3) have been completed you will then record the additional adjusting entries as set out at Tasks 4 and 5.
Guidelines for Principles of Accounts SBA Project, its simple notes to help with your Principles of Accounts sba. these Guidelines for Principles of Accounts should help you. Conclusion. The following is a simulated business based on the School Events Snack Shop.
2 thoughts on “ Guidelines for Principles of Accounts (POA) SBA. THE POA SBA (Paper 3) The SBA component of the exam is designed for students at registered centers, enabling them the opportunity to: • Gain partial marks/grade prior to sitting the exam. • Be involved in hands on or some level of practical accounting.
POA SBA. form 5 cxc project. POA SBA. Ann-marie Oa Sba.
Cxc Past Questions and Answers p.o.b It could killarney10mile.comsion It is clear that Jen s Supermarket keeps adequate records for the business to demonstrate the profitability over the financial period for the month.
increase the current ratio and gross profit by incorporating the /5(21).Download