FINAL PROJECT.pdf - ACC 406 – INTERMEDIATE FINANCIAL ACCOUNTING REPORTING FINAL PROJECT ACCOUNTING SIMULATION PROJECT 15 INTRODUCTION This assignment

FINAL PROJECT.pdf - ACC 406 – INTERMEDIATE FINANCIAL...

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ACC 406 INTERMEDIATE FINANCIAL ACCOUNTING & REPORTING FINAL PROJECT: ACCOUNTING SIMULATION PROJECT 15% INTRODUCTION: This assignment is designed to test on the understanding of students in the recording of the business transactions using the double entry system under the book of prime entry format. Students are required to form a group of 4 members . INSTRUCTIONS: 1. Assuming you are planning to set up a sole trading business selling finished goods (name your product) to customers in Klang Valley area (any area choose by the student is acceptable). 2. Create possible business transactions between your business and supplier and also between your business and customers. 3. The business transactions should include at least: a. 4 credit transactions b. 2 returns transactions c. 4 cash transactions d. 2 drawing transactions e. 2 operating expenses transactions f. 2 other revenues transactions g. Other transactions
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  • Spring '17
  • accounting stardard
  • Revenue, Expense, Double-entry bookkeeping system, Typeface, d. Subsidiary ledgers

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