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Financial Statements of Sole Proprietorship PDF Form

Financial Statements of Sole Proprietorship PDF Form

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Instructions and help about sole proprietorship income statement

okay so today what we'll be looking at is the financial statements of a sole proprietorship being the only module 10 in your textbook basically what we're going to do is we're going to end at the accounting cycle so we're going to finalize the accounting cycle so what is our counting cycle so it starts off by a transaction that needs to happen then we need to take this transaction we need to record all the information of this particular transaction on a source document so for example a receipt and invoice anything like that and we'd record all the information like the amount that part is involved the date in any information like that because that's going to be our proof that this transaction did occur then we take this source document and we should analyze it we need to analyze it and we're going to post it to the general to the subsidy journal so for example in your cash receipt journal cash payments journal sales journal dentist journal creators journal your general journal any of th

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