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Category: Business and Industry
Date Submitted: 03/22/2016 12:39 AM
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:
(a) what are the nature of goods or services provided by the business and discuss about them ? (10% marks) (50 words)
(b) identify five types of expenses which normally the business incur to carry out their activities and discuss them. (10% marks) (150 words)
(c) identify two types of income which normally the business earn and discuss them. (10% marks) (50 words)
(d) identify three types of liability which normally the business have in their type of business and discuss them. (10% marks) (50 words)
(e) identify three types of non current assets being used normally in the business and discuss them. (10% marks) (50 words)
(f)...