Financial Accounting Report on Adventure Tour Ltd

                The aim of the adventure Tour Ltd. Is to provide best entertainment services to its customers. The adventure tour will offer the services of adventure tours to its customers. Today many tourists want to experience adventure and want to visit such places which they have never visited before. Our organization will provide services to tons of different customers who want to visit different places. Will provide variety of adventure options to the customers along with variety of entertainment options. Our high quality customer services and variety of locations to choose from make us different from other tour operators and travel agents. Customer satisfaction is our utmost priority.

Invested Capital by Shareholders of Adventure Tour Ltd

        As our organization is in the development phase the first thing that needs to run the operations of the organization are the sufficient funds. The shareholders have invested $210,000 in the corporation which will help the organization to fund various activities efficiently. In the beginning the operations of the business will be performed on small scale however after attracting the sufficient amount of customers the business have decided to expand the operations in the near future. In short further investment will be required by the business (Needles & Powers, 2010).

Amount owed to Employees/Company the Adventure Tour Ltd

            The organization has purchased land & supplies from different companies on account. The land is purchased for $45000 whereas supplies are purchased for $400. It means that the organization have to pay $45400 to the clients or companies from which the business as purchased supplies & land. In order to create good reputation in the market the business has the opportunity to pay its short term liability in time. It is important to create good reputation in the market otherwise business will unable to perform its activities efficiently (Needles & Powers, 2010).

Purchased Asset from of Adventure Tour Ltd

        Adventure tour has decided to purchase supplies from another corporation so that it can run its operations smoothly. The corporation records the two transaction in the journal which is provided below:

Provided Services to customer of Adventure Tour Ltd

The organization has provided services to the customer. The detail of the transaction is recorded in the journal which is provided below:

Expenses Related to Event of Adventure Tour Ltd

            The organization has decided to hold a promotional event in which the customers will be given information about various adventure tours which the corporation provides to its customers (Gowthorpe, 2011). The below table include the three key expenses which will occur on holding an event:

 References of Adventure Tour Ltd

Gowthorpe, C. (2011). Business Accounting and Finance (3 ed.). South-Western Cengage Learning.

Needles, B. E., & Powers, M. (2010). Financial Accounting . Cengage Learning.