Choose business of your own choice with a minimum investment of .. 2 million. You have to prepare accounting cycle of I month with minimum of 10 general transactions. Steps , you have to cover are: general journal, the ledger (T-accounts). NO step is the preparation of trial balance. After that you have to prepare financial statements which include: Income statement, Statement of retained earnings and Balance sheet. Closing entries/closing of accounts, after closing trial balance lastly. in the end you have to write down one page conclusion