Business Transactions and Business Events Relate to Violet Chan’s Consultancy Pty Ltd - Report Writing

Internal Code: MAS 4664

Report Writing

Question 1: Complete all journal entries required for the month of June. Question 2: Complete general ledger and calculate the closing balance of each account. (Hints: Don’t forget to take the opening balance from the trial balance of May.) Question 3: Complete the trial balance as at 30 June 2016. (Follow the same format from information above and use standard trial balance format.) Question 4: Complete the profit and loss statement for the year ended 30 June 2016. Question 5: Complete the balance sheet as of 30 June 2016. Question 6: Ratio analysis report: Calculate the following ratios and summarise your analysis in a report of 500 words. You must show the calculation of the ratios. (Hints: you may need some information from the Balance Sheet of 2015 that is provided below.) a) Current ratio b) Asset turnover ratio c) Return on assets d) Debt to equity ratio e) Debt ratio f) Equity ratio