PRINCIPLE OF ACCOUNTS SBA COVER SHEET STUDENT NAME

PRINCIPLE OF ACCOUNTS SBA

COVER SHEET �STUDENT NAME �SUBJECT �SCHOOL �CLASS �TEACHER �DATE DUE

TABLE OF CONTENTS

TITLE �WHAT IS THE SBA (SCHOOL BASED ASSESSMENT) ABOUT? �INVESTIGATION �FINANCIAL PERFORMANCE �BUSINESS IN QUESTION

ACKNOWLEDGEMENT �God �Individuals who assisted

AIM OF THIS INVESTEGATION �Profit and loss �Knowledge �Calculations of financial statements

Introduction �What is the project designed to do �How to use the knowledge �Concept map describing the aforementioned

Description of business �Location �Management

Description of business �Structure �Hours worked

Types of business �Car rental company

Types of business �Grocery Business

Types of business �Barbering

Types of business �Catering

Types of business �Tailor

Types of business �Fashion designer

Transactions �This would commence at the beginning to the end a particular month �Example Ø Stock Ø Bank Ø Withdrawals Ø Expenses Ø Creditors Ø Debtors Ø Returns Inwards/Outwards

Transactions �Note: If we have a fashion business �We should have realistic transactions �June 3 rd purchase of silk cloth in cash $200 Not below may not be necessary �June 3 rd purchase 20” rims by cheque $9000 � Your transactions must make sense in relation to the business

Journal Entries �Each transactions there is a journal entry �Example � June 12 th bought a motor vehicle by cheque $20, 000 �Date Details Dr Cr �June 12 th Motor vehicle 20, 000 � Bank 20, 000 � Purchase vehicle by cheque Ø Note: a minimum of 20 to 25 transactions

Ledgers �Transactions >> journals >> ledgers �Example � June 12 th bought a motor vehicle by cheque $20, 000 � Dr Motor Vehicle a/c Cr � June 12 th Ø Dr Ø Ø ALL Bank 20, 000 Bank a/c Cr June 12 th Motor vehicle 20, 000 LEDGERS MUST BE BALANCED

Opening Balance Sheet �This would deal with the beginning of the business �Using the ledgers balances to prepare the opening balance sheet

Trial Balance �This deals with all the balances from the ledger accounts �Using the ledger balances to prepare the trial balance

Trading and Profit and Loss a/c �This shows the profitability of the business �Using the ledger balances to prepare your trial balance

Balance Sheet �This is the closing balance sheet �Using the ledger balances to prepare the closing balance sheet

Ratios �This measures the financial strength of the business �Using the information from the trading and profit and loss a/c & balance sheet to obtain the ratios

Performance of the business �Did the business make a profit/loss over the period of time?

Suggestions and Recommendations �Things you could have done better to improve your business performance

Conclusion �What did you learnt �Application from classroom to the project �Importance of keeping proper book keeping �Limitations you incurred �Success and growth

Bibliography �Where did you get the information from? �Which text book �Internet (NOT Google search/ Wikipedia)

Appendices �An image/ images of invoices �Receipts �Diagrams �Statements �Invoices �Debit note �Credit note �Bank Documents (republic bank)

Appendices �Bank Documents (republic bank) �Do not put a blank document. It must make sense in relation to a transaction made

Notes �This SBA must be typed and not hand written �The copied paper must be bound �Copying material from the internet is prohibited without acknowledgement of the source �Google search and Wikipedia are not references �Always backup your documents �I cannot help you if your information is lost �Absolutely NO copying! This can bring down the entire class mark.