Name: Christina Edwards

Grade: 11
2

School: The Montego Bay High School
Territory: Jamaica




























I would like to thank all those who assist me in completing this project. I thank my family
members who gave me the best encouragement throughout this exercise. Finally, special thanks
to my teacher Miss Moulton who guide me throughout the completion of this project.











The aims hoped to achieve are:

1) To allow for the application of accounting principles learnt.

2) To get a hands on experience in recording, analyzing, interpreting and communication accounting information.

3) It is in partial fulfillment of CXC Principles of Accounts requirement.

The aim of the study is to determine whether Debros Wholesale is operating at a profit or a loss. Data was gathered from
source documents and posted to the journals, ledgers and final accounts. The performance of the business was
determined by using ratios.












Debros Wholesale is a newly developed and simulated entity located at 12 Anchovy Main Road and owned by Debbie-
Ann Rowe who is the sole proprietor. Debros Wholesale offers a variety of food items and miscellaneous goods, serving
most of the island in its convenient location. The supermarket employs fifteen staff along with Ms. Rowe who is acting as
owner/manager. There are three supervisors and twelve general workers who act as shelf stackers, cashiers, as assistance
and security.
The accounting records are kept on double entry principles, with all the necessary journals, ledgers, a cash book, trial
balance and balance sheet.
Debros Wholesale allows some of their customers to buy on credit and they also buy from many retailers on credit


The period under review is Feb 2009