Damm Good Lemonade Stand

DAMM Good! Lemonade Stand (DGLS)
Accounting Summary Report while One
Bus 599 - Introduction to Quantitative Principles
12 September 2010


Background

The cover DAMM Good! Lemonade stand (DGLs) accounting summary is a quantitative snapshot of financial proceedings that have occurred during the first lenify of operation of DGLs. This accounting summary report has two aspects: to hand over common accepted financial statements that reflect the health of the line of descent and to provide concise but insightful interpretations and necessary recommendations deduced from the info (Larson, 2008).

fiscal Position Summary
Appendix I: Daily seasonal worker Data
* The seasonal data was used as an ad hoc diary or daily receipts record to build individually of the financial worksheets.

Appendix II: Financial daybook
The DGLs Financial diary is the formal recording of five aspects of a transaction that is shew in the Daily Seasonal Data: (1) its date, (2) brief verbal description of the transaction, (3) ledger account to be debited and amount, (4) ledger account to be credited and amount, and its (5) cross-reference title for other financial reports.



It overly includes additional data entries such as the weather specification on that day and number of hours the stand was open to helper flush out the other factors affecting the DGLs. This approach provides an canvass trail and a means of analyzing the effects of daily transactions on DGLss financial position.

* The DGLs first season Financial Journal reflects the initial foray of the enterprise purchasing the unavoidable capital equipment (pitchers & spoons) to start the business and the daily consumables (ice, mix, and cups) unavoidable to sustain it. Analysis of the journal demonstrates that the debits equals credits reflecting a equilibrise accounting of transactions during this season.

* The DGLS first season Financial Journal also demonstrates that pricing was sustained throughout the season which helps...If you command to get a full essay, order it on our website: Orderessay



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