phase 5 Final P - Moukam Flora Tchamambe Accounting Phase 5...

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Moukam Flora Tchamambe Accounting Phase 5 Individual Project Professor Robin Swinehart Name and product of business: Flora Cleaning Service Type of business: Cleaning Business. This firm will deliver cleaning services to house, apartments, public and private businesses. This business will be a sole proprietorship Chart of Accounts: This business will obviously have currents assets like cash, accounts receivable supplies, office. Cash will be needed for various operating transactions, supplies will be materials the company will use to operate, and office would be the headquarters space for the company. Accounts receivable will be needed for clients who will pay for the services on credit. The organization will also need accounts under property, plant and equipment that will include depreciable assets such as building, cars, maybe some machinery. This business will also have liabilities account such as accounts payable, notes payable, salary payable, rent payable, and more. The accounts payable will be for operating expenses that the
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This note was uploaded on 01/02/2012 for the course ACCT 1 taught by Professor Scholes during the Spring '11 term at University of Minnesota Duluth.

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phase 5 Final P - Moukam Flora Tchamambe Accounting Phase 5...

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