Individual Assignment – Guideline
ACC101 – Fundamental of Accounting Principles
Supposing that you are starting a new business and under a position as an accountant, you will
analyse and process business transactions, then prepare trial balance and financial statements.
You should create at least 15 business transactions in the first month and your assignment should
include the following informations:
I. Introduce of company:
- The name
- Business lines (sectors/industries company is in operation)
II. Accounting reports:
- Identify the transaction and any source documents
- Analyze the transaction using the accounting equation
- Record the transaction in journal entry form applying double-entry accounting
- Post the entry (for simplicity, using T-accounts to represent ledger accounts)
- General ledger
- Trial balance
- Income statement
- Statement of owner’s equity
- Balance sheet
III. Conclusion:
To review and give the evaluation
***Note: maximun 10-15 pages for this topic
***Time to submit: 2 weeks after receiving the assignment
