Prepare a written project from the following information:
Start your own trading business with your personal capital. Record
around 15 to 20 transactions for your business in the duration of 12
months. Journalise these transactions and then post them into ledger
accounts. Prepare Trial balance after balancing these ledger accounts.
Use this Trial Balance to make financial statements. Assume you're left
with some closing stock.
while recording transactions keep in mind the following points.
1. First purchase goods before your sale it
2. At any stage your cash balance should not be negative
3. Record purchases of at least 1 Asset.
4. Record credit purchases/sales of goods also, so that you have
some Debtors and Creditors.
5. Make payment for at least 2 expenses.
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Name the Sulthan who introduced the token currency scheme. Why did it fail?
What effect did it have on the economy?
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