Question

GRADE XI COMMERCE ACCOUNTANCY PROJECT
The students have to select any business of their choice, develop the transaction of imaginary business.
The amounts should emerge as more realistic and closer to reality.
list of options to the students to select a business form.
You can add to the given list:
1. A beauty parlour 2. Men's saloon 3. A tailoring shop 4. A canteen 5. A cake shop 6. A confectionery shop 7. A chocolate shop 8. A dry cleaner 9. A stationery shop 10. Men's wear 11. Ladies wear 12. Kiddies wear 13. A Saree shop 14. Artificial jewellery shop 15. A small restaurant 16. A sweet shop 17. A grocery shop 18. A shoe shop 19. A coffee shop 20. A music shop 21. A juice shop 22. A school canteen 23. An ice cream parlour 24. A sandwich shop 25. A flower shop After selection, visit a shop in the locality. A suggested list of different item is given below. 1. Rent 2. Advance rent 3. Electricity deposit 4. Electricity bill 5. Electricity fitting 6. Water bill 7. Water connection security deposit 8. Water fittings 9. Telephone bill 10. Telephone security deposit 11. Telephone instrument 12. Furniture 13. Computers 14. Internet connection 15. Stationery 16. Advertisements 17. Glow sign 18. Rates and Taxes 19. Wages and Salary 20. Newspaper and magazines 21. Petty expenses 22. Tea expenses 23. Packaging expenses 24. Transport 25. Delivery cycle or a vehicle purchased 26. Registration 27. Insurance 28. Auditors fee 29. Repairs & Maintenance 30. Depreciations 31. Air conditioners 32. Fans and lights 33. Interior decorations 34. Refrigerators 35.
Purchase and sales Prepare the necessary journals and ledgers based on the items listed above.​

Answer 1

Answer:

This question is too long to be answer

Explanation:

By ahead Good Morning

Answer 2

Explanation:

A Journal entry is a list of transactions comprising of debits and credits made and this is then recorded in General Ledger

A General Ledger is an account used to store balance sheet and income statement transactions.  

A trial balance is a list that shows all the of all the debit and credit transactions in an account for an entity for a given period – usually a month.  

Usually a trial balance is prepared having a format of two-column schedule with all the debit balances listed in one column and all the credit balances listed in the other.