Create the two journals required to remove the value of opening inventory and record the value: Accounting Homework, DBS, Ireland
| University | Dublin Business School (DBS) |
| Subject | Accounting Homework |
Part B – Financial Statements
Sally runs her own retail business called Sally’s Shoes Limited (SSL). SSL uses a perpetual inventory system. It is the end of the 20X7 financial year and Sally has asked you to help her prepare the financial statements for the year ended 31 December 20X7. You have been provided with the adjusted trial balance as of 31 December 20X7.
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Part A
Using the Horizontal analysis approach, you are required to analyse the data and then highlight three areas that the owners need to look into in more detail. You must also provide a brief explanation to support each of the three areas you highlight that need to be investigated.
Part B
Using the financial information provided for Cooks & Cleans Limited, you are now required to use ratios to analyse the financial statements.
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