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To assist Jane Brown in determining the best business type suited for her activities.
To prepare the source documents, journals and ledger accounts necessary for the recording of transactions for January and February 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.
The firm sells photo equipment and accessories but may also provide basic photographic services in the future. Brown chose to commence business as a sole trader primarily because she would be fully in control of all decision making.
In addition, she would retain all profits for herself. The firm is located in the busy financial sector of the city at 84 Main Street, Port of Lane. It remained very liquid and generated a reasonable return. Liquidity The firm was very liquid over the period, registering healthy current 3.
Merchandise moved relatively slowly every It is anticipated that this will pick up in a short time. Profitability ABC was profitable over the two-month. These contributed to an ROCE of 0. Jane can look to investing excess cash in short — term investments. Jane Brown was assisted in determining that the best business type suited for her activities and size is the sole trader form.
Her source documents, journals and ledger accounts necessary for the recording of transactions for January and February were prepared. 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 were prepared.
Based on the financial results, the firm performed well over its first two months of operation. Net due in 30 days. Any four source documents will be sufficient. To record credit purchase of office furniture. Computers Bank To record the purchase of a laptop Computers Charles and Sons To record the purchase of colour printer.
Income Statement Inventory To record opening inventory. Inventory Income Statement To record closing inventory. Ratios Name of ratio Calculation January February.
Stock turnover Turnover Ratio Cost of goods sold?
Net sales x — poa Sba sample Essay Study At least two sketch maps: 4 MARKS ONE of the site (showing immediate environs), and ONE (usually of territory) showing its location in relation to other features (for example, roads, rivers, settlements within the parish or region or.
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