Chat with us, powered by LiveChat General assignment instructions? 1. This assignment is individual based.? 2. Use Word Processing software - Wridemy

General assignment instructions? 1. This assignment is individual based.? 2. Use Word Processing software

General assignment instructions 

1. This assignment is individual based. 

2. Use Word Processing software (e.g. Microsoft Word) for Part 1 & Part 2 and Spreadsheet software (e.g. Microsoft Excel) for Part 3 to complete this assignment. 

3. Font: size – 12 point; style – Times New Roman; spacing – single 

4. Assignment answers will be severely penalised where plagiarism has occurred. 


Part 1 (20 marks)

Discuss how financial reports of a business entity can fulfil the needs of five (5) different stakeholder groups. 

[Limit: 1,200 words] 

Part 2 (20 marks)

In financial accounting and reporting, accrual concept is commonly used as a basis in the preparation of financial statements. 

a. Explain the rationale behind accrual accounting. (4 marks) 

b. Explain four (4) accounting concepts (other than accrual) which are applied by business entities in the preparation of financial statements. (16 marks) 

[Limit: 600 words] 

Part 3 (60 marks)

Makuto Lenin has registered as a sole proprietor for trading of IT hardware and accessories. On 15 April 2021, he used his personal savings as start-up capital [refer to Doc 1] for his business named TEKNO Enterprise. There were no other transactions in April 2021. 

Recently, Makuto has given you the task of preparing accounts for the month ended 31 May 2021. You are given 18 documents and Makuto note [refer to “Doc” zip file] which can assist you to complete your task. 

Your task consists of the following: 

a. Record the relevant transactions in the books of prime entry (17 marks) 

b. Post the entries to the general ledgers (in “T” account format) (16 marks) 

c. Prepare trial balance as at 31 May 2021 (8 marks) 

d. Prepare statement of profit or loss for the month ended 31 May 2021 (7 marks) 

e. Prepare statement of financial position as at 31 May 2021 (6 marks) 

The presentation of the above must be in proper format. (6 marks) 

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?