business level 3, unit 10 assignment 1- recording financial transactions-p1,p2,p3,m1,m2,d1

Unit 10: recording financial transactions
Sophie Brooks Smith


In this assignment I will be writing a detailed assessment about the importance of recording
accurate financial records. I will be drawing up books or original entry from the provided
data, and then I will be drawing up the double entry accounts and then producing a trial
balance and a bank reconciliation. Finally, I will include a detailed analysis of these financial
records.

Bank account

Dr 1st March capital £100,000 Cr
26th March Bill Brown £5,500 2nd March premises £70,000
5th March purchases £3,000
27th March office expenses £250
28th March MM LTD £4,000
£105,500 29th March Adrian M £8,000
1st April balance B/D £20,250
31st March C/D £20,250
£105,500




Capital account

Dr Cr
31st March balance C/D £100,000 1st March bank £100,000


£100,000

1st April balance B/D £100,000
£100,000




Premise’s account
Dr Cr
2nd March premises £70,000 31st March C/D £70,000

£70,000


1st April balance B/D £70,000
£70,000

, Adrian Marsh account

Dr Cr
29th March Bank £8,000 3rdMarch purchases £12,000
15th March purchases £10,000
31st March balance C/D £14,000
£22,000
1st April balance B/D £14,000
£22,000




Cash account
Dr Cr
10th March sales £6,000

31st March balance C/D £6,000
£6,000
1st April balance B/D £6,000

£6,000




Sales account
Dr Cr
10th March cash £6,000
20th March Bill brown £8,000
31st April balance C/D £14,000
£14,000
1st April balance B/D £14,000
£14,000