Makuto Lenin has registered as a sole proprietor for getting and promoting of IT and gear. On 15 April 2021, he used his non-public monetary financial savings as start-up capital [refer to Doc 1] for his enterprise named TEKNO Enterprise. There have been no totally different transactions in April 2021.
Not too way back, Makuto has given you the responsibility of preparing accounts for the month ended 31 May 2021. You could be given 18 paperwork and Makuto phrase [refer to “Doc” zip file] which could assist you to complete your exercise.
Your exercise consists of the subsequent:
a. Doc the associated transactions inside the books of prime entry
b. Publish the entries to the general ledgers (in “T” account format)
c. Put collectively trial stability as at 31 May 2021
d. Put collectively assertion of income or loss for the month ended 31 May 2021
e. Put collectively assertion of financial place as at 31 May 2021
The presentation of the above must be in appropriate format.
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