Intro for Accounting - Xyz Vicky Case

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ALC COLLEGE

INTRODUCTION TO ACCOUNTING

ASSIGNMENT

NAME                       :      VICKNESWARAN A/L ARUTKUMARAN

IC NUMBER             :     960909-10-5161

STUDENT ID NO.    :      LHCDILM1509007

COURSE                   :      DIPLOMA IN LOGISTICS MANAGEMENT

LECTURER NAME  :      MR.SUPPIAH RETENAM

CAMPUS                   :    LIGHTHOUSE CAMPUS

SUBMISION DATE : 5 NOVEMBER 2015

Declaration by student

(This section is to be filled in the student’s own handwriting.)

I hereby declare that the assignment of Introduction of Financial Accounting is completed by me. I hold a copy of this assignment which I can produce if the original is lost or damaged. I certify that no part of this assignment has been copied from any other student’s work or from any other source except where due acknowledgement is made in the assignment.

Student’s signature  : _____________________________

Student’s name       : _____________________________

Student ID               : _____________________________

Date                        : _____________________________

Assignment Questions:

 ACCOUNTING

1. By selecting of a sole trader business on your own answer the following questions:

1. what are the nature of goods or services provided by the business and discuss about them ?     (10% marks)     (50 words)
2. identify five types of expenses which normally the business incur to carry out their activities and discuss them.                       (10%  marks)  (150 words)
3. identify two types of income which normally the business earn and discuss them.                                  (10% marks)  (50 words)
4. identify three types of liability which normally the business have in their type of business and discuss them.                         (10%  marks)   (50 words)
5. identify three types of non current assets being used normally in the business and discuss them.            (10%  marks)  (50 words)
6. identify four types of  current assets  normally in the business and discuss them.                               (10% marks)  (100 words)
7. identify the type of capital being introduced in the business and discuss them.                                   ( 10 % marks)  ( 50 words)
8. the type of financial statements being prepared for the sole trader business and discuss the usefulness of the statements being prepared.

                                                    (30% marks) (500 words)

        Total ( 100%)

Note: The number of words given above for guidance only. Overall the length should be in between strictly 900 to 1100 words only.

Marking scheme for Assignment