You can give your own examples This portion of the paper includes the financial plan that involves the chart of accounts

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answerhappygod
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You can give your own examples This portion of the paper includes the financial plan that involves the chart of accounts

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You can give your own examples
This portion of the paper includes the financial plan
that involves the chart of accounts that will be used in recording
the business transactions of the business and the projected income
statement, statement of changes in partners’ equity, statement of
financial position, and cash flows statement for the first three
years of the business together with the accompanying notes to the
financial statement.
The following guide questions can help the group in
writing this portion of the paper:
1. How much initial capital investment does the business
need to start operating?
2. How much money has been invested in the business to
date, and where did it come from?
3. What is the pricing
structure?
4. What was the result of the business
operation?
5. Did the partnership adhere to the 3Ps (i.e., profit,
people, and planet), being of service to the community and
protecting the Earth, and its inhabitants other than profiting from
its business operation?
6. Chart of Accounts
Design a chart of accounts for your partnership
business. Include account titles that reflect the nature of
operation of the partnership business you are forming.
Account
Number Account Title
ASSETS
LIABILITIES
EQUITY
REVENUES
EXPENSES
7. Prepare projected Financial Statements (i.e., Income
Statement, Statement of Changes in Equity, Statement of Financial
Position, Statement of Cash Flows, together with the computational
notes to the financial statents) for three years of your
business.
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