instructo 1 individual task 2023

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<b><small> VÕ THỊ VÂN NA</small></b>

<b><small>Name: HÀ XUÂN BÁCH</small></b>

<small>Suppose you are starting a new business in merchandise industry – Onirique Company 1/Based on transaction analysis, prepare General Journal for the first month of operating. 2/Produce Income statement and Balance sheet in good form. Report of 1000 -1500 words. Integration of studied knowledge and skills; Students are free to create busine ss activities</small>

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I.<b>Introduction </b>

About the ONIRIQUE COMPANY

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Transaction Analysis is the process of translating business activities and events that affect a measurable accounting equation into the language of accounting and recording it in the ledger. This is the first stage in the

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accounting cycle, which is the foundation of accounting, no matter what type of accounting you're interested in.

In the transaction analysis table of Onirique Company above, there are 15 transactions in June that are fully balanced through each specific

transaction. On the table, people can see the details of Onirique Company's day-to-day transactions, the increases or decreases according to each transaction. As a result, viewers can easily keep track of the company's amount in transactions for that month.

Trial balance is an accounting spreadsheet in which the balances of all ledgers are aggregated into equal totals of debit and credit account

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columns. From the Transaction Analysis, it is easy to complete the trial balance through the transactions that have been summed up in the last row. From that, we can see Onirique Company's trial balance at the end of June, both debit and credit have a total account column of VND 1,225,500,000. After that, the next steps can be completed and the company account can be tracked for a month.

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Income Statement is one of the core financial statements of a company that shows its profit and loss over a period of time. Profit or loss is determined by taking all revenues and subtracting all expenses of both business and non-business activities. In the first month of operation of Onirique Company, the company made a profit of VND 1,022,500,000 after revenue of VND 485,500,000 minus the total rental costs and employees salaries of VND 537,000,000.

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Balance Sheet refers to a financial statement that reports a company's assets,liabilities, and equity at a specific point in time. In short, a balance sheet is a financial statement that provides an overview of what a company owns and owes, as well as the amount invested by its shareholders. The balance sheet can be used with other significant financial statements to conduct fundamental analysis or calculate financial ratios. After completing the Income Statement, the next step is to complete the Balance Sheet. In the first month of operation of Onirique Company, the total assets of the company including cash, furniture, and equipment are VND 538,500,000. It is completely equal to total liabilities and equity equivalent to VND 490,000,000 and VND 48,500,000.

<b>III. Conclusions </b>

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After three analysis tables as the trial balance, income statement and balance sheet analyzed transactions that took place from June 1 to theend of June of Onirique Company. From the Income Statement table, the company has Net Income of 1,022,500,000 VND, showing that the The company has been profitable since the first month of operation. This is one thing that starts the success of any startup. This is understandable because the head of the company, Mr. Nguyen already has a name in the car market as he has a lot of experience and has worked with many famous customers in Vietnam.

It leads to absolute trust for interested customers and truly satisfied products. Also in the same month, the value of Mr. Nguyen's assets decreased from VND 250,000,000 to VND 48,500,000 after deducting the withdrawal transaction made on 30 June. After one month of operation of Onirique Company, the total assets of the company is 538,500,000 VND. The company's operation in the first month went quite difficulty when it had not stable revenue to maintain the next round of capital for the following month

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