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F. Naz
F. Naz, Chartered Accountant
Category: Homework
Satisfied Customers: 5316
Experience:  Experience with chartered accountancy
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I need to develpo a chart of accounts for accounting.htt

Customer Question

I need to develpo a chart of accounts for accounting. http://www.mediafire.com/?qccz7vp4p7q2oxz


 

Submitted: 5 years ago.
Category: Homework
Expert:  F. Naz replied 5 years ago.
THIS ANSWER IS LOCKED!

You need to spend $3 to view this post. Add Funds to your account and buy credits.
F. Naz, Chartered Accountant
Category: Homework
Satisfied Customers: 5316
Experience: Experience with chartered accountancy
F. Naz and 4 other Homework Specialists are ready to help you
Customer: replied 5 years ago.
Can you explain this chart too me. It does not look like one I have seen.
Customer: replied 5 years ago.

I hit the wrong key.

 

Expert:  F. Naz replied 5 years ago.
The chart of accounts are given numbers on left side, it starts from assets, liabilities, capital, revenues and expenses account sequence.
Customer: replied 5 years ago.
But, You didn't complete the whole assignment. Like,
  • Choose the type of service business that you will use for the key assignment.

I want to choose Real Estate and being a sole proprietorship

  • Discuss if you will want a sole proprietorship or a partnership.

Develop a chart of accounts that is appropriate for your type of business.

  • The chart should contain a minimum of 5 assets and 2 liabilities.
  • Remember that this is a service business.
    • Discuss the reasons for your choice of business type and your chart of accounts. Your discussion should include the pros and cons of both business types: sole proprietorship and partnerships.
Customer: replied 5 years ago.
Plus are there any amounts.
Expert:  F. Naz replied 5 years ago.
In Chart of accounts there is no amounts are entered, the amounts are in the trial balance,
Customer: replied 5 years ago.
But what about the rest of the assignment, its not complete.
Expert:  F. Naz replied 5 years ago.
You see that in your original question you had only asked to develop chart of accounts, the rest of the assignment is lengthy, you may post it as separate question, as the whole assignment does not justify for $20 as fair price, thanks.
Customer: replied 5 years ago.

Relist: Inaccurate answer. Wants me to pay for the assignment in separate parts. this is the assignment. http://www.mediafire.com/download.php?qccz7vp4p7q2oxz

 

Expert:  Josie-Mod replied 5 years ago.

Hi, I'm a moderator for this topic and I wonder whether you're still waiting for an answer. If you are, please let me know and I will do my best to find another Expert to assist you right away. If not, feel free to let me know and I will cancel this question for you. Thank you!

Customer: replied 5 years ago.

Yes I am, still waiting for an answer. I think I have the chart done, I just need help with the other parts of the assignment.

 

Thank You

Expert:  Josie-Mod replied 5 years ago.

Sometimes, finding the right Expert can take a little longer than expected and we thank you greatly for your understanding. We'll be in touch again shortly.

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