Subject category:
Finance, Accounting and Control
Published by:
Darden Business Publishing
Version: 1 August 2012
Revision date: 29-Nov-2012
Length: 3 pages
Data source: Published sources
Abstract
Revised version of UVA-C-0736. This case uses projected transactions for the first day and first year of a startup business as a basis for preparing journal entries, T-accounts, and projected financial statements. There is sufficient information included to calculate a sales breakdown point. This is a startup business, so no opportunity is provided to ask what additional information is needed to prepare more realistic statements.
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Abstract
Revised version of UVA-C-0736. This case uses projected transactions for the first day and first year of a startup business as a basis for preparing journal entries, T-accounts, and projected financial statements. There is sufficient information included to calculate a sales breakdown point. This is a startup business, so no opportunity is provided to ask what additional information is needed to prepare more realistic statements.
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