Subject Code : ACC700
Country : Australia
Assignment Task:

Instructions for Students:
You are required to prepare a special-purpose financial report for the start-up one-person architectural service business owned by you. You may use the financial template provided in this paper, or you can use any format of financial report.

  • Basic information
  • Business structure: Sole Trader
  • Business Industry: Architectural Services
  • Start date: 1 July 2019
  • Ignore GST and Income tax
  • Transactions are given. Use your own amounts (the amount should be multiples of $100 and the maximum of $100,000)

Details of the financial report
1. Chart of accounts of the business- Given
2. Trial balance as at 31 May 2020 - Given
3. Transactions for the month of June 2020 Year End

Adjustments
4. Journal Entries for the month of June 2020
5. General Ledger (use three-column format)
6. Accounting Worksheet
7. Prepare adjusting entries at year end
8. Prepare closing entries
9. Prepare the financial statements (P&L, Changes in equity and B/S)

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  • Posted on : May 02nd, 2019
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