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Choose one types of company to run the business.(furniture) 1. Create the transaction for the...

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Accounting

Choose one types of company to run the business.(furniture)

1. Create the transaction for the company for one year (15 transactions).

i. Create the documents related to the company

ii. Documents relate with the transaction - Sales invoice - Purchase invoice - Debit note - Credit note - Return inward - Return outward - Bank - Cash - Utility expense (water, electricity)

iii. Book of prime entry - Sales daybook - Purchase daybook - Sales returns daybook - Purchase returns daybook - Cash book - The journal

iv. Financial statement - Income statement - Statement of financial position

2. Prepare the financial statements for the company (PROFIT & LOSS, STATEMENT OF FINANCIAL POSITION)

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