** 10% VAT RATE WILL BE CHARGED IN ALL TRANSACTIONS REQUIRING VAT.

1. The total assets of XYZ Trade Enterprise's balance sheet dated 30/09/2020 is 19,243,000. The balance sheet of the business is below:

ACTIVE	XYZ TRADE ADMINISTRATION BALANCE SHEET DATED 30/09/2020 ()				PASSIVE
	%			%
100	CASE	11	320	SELLERS	15
102	BANKS	6	321	BORROWINGS	9
120	BUYERS	8	360	TAXES AND FUNDS PAYABLE	4
121	RECEIVABLES	5	421	BORROWINGS	17
153	COMMERCIAL GOODS	10	500	CAPITAL	50
250	LANDS	21	570	PAST YEARS PROFITS	5
252	BUILDINGS	32
254	VEHICLES	18
255	FIXTURES	5
257	ACCUMULATED DEPOSITS (-)	-20
260	RIGHTS	7
268	ACCUMULATED DEPOSITS (-)	-3
ACTIVE TOTAL		19,243,000	PASSIVE TOTAL		19,243,000

Term End Transactions:

a) VAT accounts have been closed.

b) The reason for the lack of cash was not found. The business collects the deficiencies from the cashier and records the surplus as revenue.

c) At the end of the period, exchange rates are 8.39.

d) Rediscount at the rate of 10% of the notes receivable and 6% of the debt securities has been calculated.

e) 2% depreciation will be reserved for buildings, 10% for other tangible fixed assets, and 20% for intangible assets.

Required:

A) Record the balance sheet in the journal and general ledger.

B) Account the transactions during the period.

C) Take out the general temporary balance.

D) Close VAT accounts.

E) Recognize period-end transactions.

F) Close the cost and income statement accounts.

G) Take out the General Final Trial Balance.

H) What is the company's total debts, equity, net sales, gross sales profit / loss, operating profit / loss, ordinary profit / loss and net profit / loss?