Account Balances For Hero’s Helpers: Accounting Report Writing Assignment

Internal Code: MAS1808

Accounting Report Writing Assignment:

Task: Using the following list of account balances for Hero’s Helpers 1. Classify the accounts into their appropriate elements 2. Indicate whether the account would have a debit or credit balance 3. Prepare a profit and Loss statement 4. Prepare a balance sheet 5. Calculate the following ratio’s a. Net Profit margin b. Gross Profit margin o Current ratio c. Quick ratio d. Debt to total assets