It is spring of 2020, you have not been able to find work As aclever forward-looking business student, you have decided to getexperience by starting and operating your own business, a lemonadestand you have named “spring cookie”. In your planning you haveidentified that there is potential to build a sustaining company,and as such you set up an accounting system and formal businessstructure and you have no business partners.
Set up all the required Financial Statements, with properformatting
show the equation structure for each, and give examples of allaccounting items that will likely be included in each statement
also, Pick an option for your business for "spring cookie" andsupport your reasoning for why it is most appropriate?
you will have to follow IFRS or ASPE and why?
