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Accounting

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PART A - 15 marks: Preparation of accounting records using formula embedded spreadsheets. Assignment Questions: The unadjusted trial balance columns in the worksheet of ParthKrishna are as follows as of March 31, 2021. (Note: You can copy this table into Excel) Required: 1) Formulate five adjustments (with special attention to dates and months) and journalise the adjusting entries in excel. Adjustments must cover a variety of transactions. For example, Depreciation, unearned revenue and an error requiring a correction entry (enter these adjustments in datasheet only). Your marks depend upon the quality and detail in framing adjustments. 2) Prepare and complete the 10-column worksheet. 3) Prepare the income statement, the statement of changes in owners' equity, and the classified balance sheet. 4) Prepare the closing entries. 5) Calculate the current ratio for the company using formulas. 6) Complete the optional, High-distinction tasks. Prepare a dashboard depicting financial position or financial performance of the business. Or use two functions from any or both of these videos given below. (These 3 marks are individual, not group marks)

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