Exercise 3 Using the following items (only the appropriate ones) prepare the balance sheet of Toto...

 

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Exercise 3 Using the following items (only the appropriate ones) prepare the balance sheet of "Toto" Ltd. Revaluation reserve Unfinished products Y Accumulated depreciation of vehicles Net profit Accumulated loss of previous years 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Shares of Pupu Ltd (resale within 3 months) Short term deferred costs Acquired trade mark (initial value) Shares of Toto Ltd (resale within 3 months) Provisions for retirement obligations Share capital Taxes and fees Losses in the disposal of investments Cash at bank Net value of vehicles Real property (investment, net value) Negative goodwill Debt securities (payment within 12 months) Shares of Lolo Ltd (resale within 3 months) Trade payables (payment after 12 months) Trade receivables with maturity after 12 months Accumulated depreciation of buildings Accumulated depreciation of real property (investments) Goods for resale Deferred tax provisions Wages and salaries Purchase value of buildings Accumulated amortization of trade mark Issued bonds (10 years to maturity) Deferred tax assets. 3400 1 000 3 000 12 000 1 000 1 800 3 000 7 500 3 000 2 500 ? 3 000 1 000 1 500 7 000 1 000 1000 3 100 2 300 7 300 17 000 2 000 2 000 5 000 3000 2 000 11 000 2 000 3 600 1000 Exercise 3 Using the following items (only the appropriate ones) prepare the balance sheet of "Toto" Ltd. Revaluation reserve Unfinished products Y Accumulated depreciation of vehicles Net profit Accumulated loss of previous years 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Shares of Pupu Ltd (resale within 3 months) Short term deferred costs Acquired trade mark (initial value) Shares of Toto Ltd (resale within 3 months) Provisions for retirement obligations Share capital Taxes and fees Losses in the disposal of investments Cash at bank Net value of vehicles Real property (investment, net value) Negative goodwill Debt securities (payment within 12 months) Shares of Lolo Ltd (resale within 3 months) Trade payables (payment after 12 months) Trade receivables with maturity after 12 months Accumulated depreciation of buildings Accumulated depreciation of real property (investments) Goods for resale Deferred tax provisions Wages and salaries Purchase value of buildings Accumulated amortization of trade mark Issued bonds (10 years to maturity) Deferred tax assets. 3400 1 000 3 000 12 000 1 000 1 800 3 000 7 500 3 000 2 500 ? 3 000 1 000 1 500 7 000 1 000 1000 3 100 2 300 7 300 17 000 2 000 2 000 5 000 3000 2 000 11 000 2 000 3 600 1000

Answer rating: 100% (QA)

Liabilities Share capital Revaluation Reserve Profit Less Loss of previous ... View the full answer