Accounts Sba
ACKNOWLEDGEMENT
First of all, I would like to thank Almighty God for giving me the strength to do this SBA, Mrs. Clovetta Campbell and finally my Principles of Accounts teacher Ms. Williams who helped me along the way.
AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios, how to operate a business and how to achieve customer satisfaction and to attain profit.
DESCRIPTION OF THE BUSINESS The name of the company is Cola Red Enterprise. The type of company is a Private Limited Company which is located at 23 Donald Boulevard, May Pen, Clarendon. The number of shareholders is twenty seven (27) and the cost per share is four hundred dollars ($400). The starting capital for Cola Red Enterprise is ten thousand eight hundred dollars ($10800). The executive body consists of the General Manager, Secretary, Financial Management, Personnel Department, Marketing Management, Production Department. The duration of the business is one (1) week dating from November 9 through to November 13 2009. Good sold were ice cream novelties, sweets, toco loco, Banana chips, Cheese Trix.
ACCOUNTING RECORDS KEPT The account records kept are as follows: Source documents Banking Documents General Journal Sales Journal General Ledger Sales Ledger Cash book Trial balance Final Accounts
The following transactions relates to Cola Red Enterprise Ltd: 2009 Nov 9 Started business with $10800 in cash. Cash Purchases $9500 Cash Sales $12200 Nov 10 Cash Purchases $10200 Paid for transport by cash $350 Cash Sales $15000 Nov 11 Cash Purchases $11500 Transport by cash $350
First of all, I would like to thank Almighty God for giving me the strength to do this SBA, Mrs. Clovetta Campbell and finally my Principles of Accounts teacher Ms. Williams who helped me along the way.
AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios, how to operate a business and how to achieve customer satisfaction and to attain profit.
DESCRIPTION OF THE BUSINESS The name of the company is Cola Red Enterprise. The type of company is a Private Limited Company which is located at 23 Donald Boulevard, May Pen, Clarendon. The number of shareholders is twenty seven (27) and the cost per share is four hundred dollars ($400). The starting capital for Cola Red Enterprise is ten thousand eight hundred dollars ($10800). The executive body consists of the General Manager, Secretary, Financial Management, Personnel Department, Marketing Management, Production Department. The duration of the business is one (1) week dating from November 9 through to November 13 2009. Good sold were ice cream novelties, sweets, toco loco, Banana chips, Cheese Trix.
ACCOUNTING RECORDS KEPT The account records kept are as follows: Source documents Banking Documents General Journal Sales Journal General Ledger Sales Ledger Cash book Trial balance Final Accounts
The following transactions relates to Cola Red Enterprise Ltd: 2009 Nov 9 Started business with $10800 in cash. Cash Purchases $9500 Cash Sales $12200 Nov 10 Cash Purchases $10200 Paid for transport by cash $350 Cash Sales $15000 Nov 11 Cash Purchases $11500 Transport by cash $350