can anyone please help me with the question 2, with explanation please. Thank you!

B 9 1 Question 1: 2 1. Present the sources of data and the method for preparation of "Advanced payments from customers in long - term" item (Code 332) on the Balance sheet? Illustrate with an example? 3 2. Present the accounting order for purchasing fixed assets with long-term installation? 4 3. What are the recognition criteria of an expense? 5 Question 2: Company ABC has the following transactions in January 20X6:(unit: CU) 1. 9 January, purchasing 1000kg material E with purchase price of 75 (not included of VAT 10%). 10 January, the company received the material with the shortage of 20kg 6 (as a normal rate: 1%) 7 2. Other information is as below: 8 - Direct labor cost: 10.000 Manufacturing overhead cost: 7.000 10 - Selling expenses: 10.000 11 - Administrative expenses: 7.000 12 3. Raw materials inventory, January 1: 44.000 13 4. Raw materials inventory, January 31: 40.000 14 5. Work in process inventory, January 1: 10.000. 15 6. Work process inventory, January 31: 20.000. 16 7. Unused materials at production department in January 31: 2.000 17 7. During January, company A manufactured total 1000 finished goods. 18 8. In January, company A sold 600 finished goods with price 150/unit (not included of VAT 10%). 19 Noted that: The perpetual method and deductible VAT method applied. 20 Require: 21 1. Reflect these transactions on General Journal. 22 2. Show different entries if the company applies the periodic system. B 9 1 Question 1: 2 1. Present the sources of data and the method for preparation of "Advanced payments from customers in long - term" item (Code 332) on the Balance sheet? Illustrate with an example? 3 2. Present the accounting order for purchasing fixed assets with long-term installation? 4 3. What are the recognition criteria of an expense? 5 Question 2: Company ABC has the following transactions in January 20X6:(unit: CU) 1. 9 January, purchasing 1000kg material E with purchase price of 75 (not included of VAT 10%). 10 January, the company received the material with the shortage of 20kg 6 (as a normal rate: 1%) 7 2. Other information is as below: 8 - Direct labor cost: 10.000 Manufacturing overhead cost: 7.000 10 - Selling expenses: 10.000 11 - Administrative expenses: 7.000 12 3. Raw materials inventory, January 1: 44.000 13 4. Raw materials inventory, January 31: 40.000 14 5. Work in process inventory, January 1: 10.000. 15 6. Work process inventory, January 31: 20.000. 16 7. Unused materials at production department in January 31: 2.000 17 7. During January, company A manufactured total 1000 finished goods. 18 8. In January, company A sold 600 finished goods with price 150/unit (not included of VAT 10%). 19 Noted that: The perpetual method and deductible VAT method applied. 20 Require: 21 1. Reflect these transactions on General Journal. 22 2. Show different entries if the company applies the periodic system