Accounting recording and analysis of transactions on The Taj Indian Kitchen, Australia.

Abstract

Accounting is a broad subject in a world of finance, the accounting process and financial transaction differ from one business to another. The Taj Indian Kitchen Australia is one of the unique Indian-Middle Eastern fusion cuisine restaurants. It has earned its place as one of the top trending travel and eateries in Roma, Queensland, Australia. Despite being just a startup and a small business, their business model is not weak; rather one of the most clever business strategies pulled to optimize profits, simplify accounting process and daily recordings and doing the business by spreading the love. It is a startup business, which is the very first halal restaurant in Roma, Queensland, Australia. The business started its journey with the concept of being the first halal restaurant in the city, through which they got the first movers advantage. Abdul Kareem, the founder of Taj Indian Kitchen and the head chef of the restaurant is the sole entrepreneur of the business. Since the business is new to the world of restaurant business and comparatively a small business, therefore they maintain daily recording system under the supervision of Abdul Kareem. Hence it becomes easier to find out any error, if made, in the whole accounting system