Exercise 2 Verify the correctness of the closing balance sheet of company ALFA and prepare a...

 

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Exercise 2 Verify the correctness of the closing balance sheet of company ALFA and prepare a proper version. ASSETS 1. Share capital 2. Tax liabilities 3. Treasury bonds with maturity of 5 4. Receivables in court 5. Net loss 6. Paid bank provisions 7. Long-term deferred costs 8. Unfinished products 9. Shares in related entities, not for sale 10. Mandatory tax reductions Total assets EQUITY AND LIABILITIES 9 000 1. Intangible fixed assets 200 2. Short-term loans granted 100 3. Short-term bank loan 700 4. Trade payables -300 5. Cash at bank 130 6. Goods for resale 1100 7. Bills of exchange received (redemption date in 3 months) 1 600 8. Depreciation 200 9. Long-term loan (received) 50 11 780 Total equity and liabilities 4 000 500 1 500 800 3 000 1 200 200 180 400 11 780 Exercise 2 Verify the correctness of the closing balance sheet of company ALFA and prepare a proper version. ASSETS 1. Share capital 2. Tax liabilities 3. Treasury bonds with maturity of 5 4. Receivables in court 5. Net loss 6. Paid bank provisions 7. Long-term deferred costs 8. Unfinished products 9. Shares in related entities, not for sale 10. Mandatory tax reductions Total assets EQUITY AND LIABILITIES 9 000 1. Intangible fixed assets 200 2. Short-term loans granted 100 3. Short-term bank loan 700 4. Trade payables -300 5. Cash at bank 130 6. Goods for resale 1100 7. Bills of exchange received (redemption date in 3 months) 1 600 8. Depreciation 200 9. Long-term loan (received) 50 11 780 Total equity and liabilities 4 000 500 1 500 800 3 000 1 200 200 180 400 11 780

Answer rating: 100% (QA)

Answer The closing balance sheet of company ALFA is as follows ASSETS 1 Share capital 9000 2 Tax lia... View the full answer