Question: need help for this exercise quickly if it's possible please!!! Thank you. Accounting 1. Presentation of the balance sheet MAYOR was founded on 1 January

 need help for this exercise quickly if it's possible please!!! Thank

you. Accounting 1. Presentation of the balance sheet MAYOR was founded on

1 January N. It specializes in he trade of gingerbread. At the

end of the first financial year, before inventory is updated, the balance

need help for this exercise quickly if it's possible please!!!

Thank you.

Accounting 1. Presentation of the balance sheet MAYOR was founded on 1 January N. It specializes in he trade of gingerbread. At the end of the first financial year, before inventory is updated, the balance shows the following balances: 1. Capital 1. Bank of Geneva bonds 1. Rserves... 2. Technical Facilities, Equipment ...... 2. Depreciation of technical installations, equipment. 2. Commercial Fund... 2. Equity Interests...... 3. Stocks de matires premires. 3. Stocks of finished products 4. Trade receivables. 4. Capital Asset Suppliers... 4. Suppliers.. 4. VAT payable. 5. Bank (positive balance) 5. Bank of Budapest (negative balance) 5. Caisse 6. Purchases of Goods. 6. Purchases of raw materials 6. Office supplies (not stored) 6. Rentals 6. Insurance premiums 6. Publicit 6. Transportation and Travel 6. Gross wages and salaries 6. Payroll taxes..... 6. Property taxes 6. Depreciation Allowances 6. Interest on borrowings 6. Taxes on profits. 7. Merchandise Sales 7. Sales of finished products 7. Equity Income.... 200 000 95 000 .140 000 .233 500 91 300 70 000 .150 000 20 000 30 000 87 820 13 500 61 030 .3 582 19 560 .5 000 28 752 68 615 .102 425 .1 520 6 000 650 .6 800 13 750 90 000 30 000 20 000 40 000 .6 320 15 000 10 800 410 300 10 200 WORK TO BE DONE Present the Income Statement and the Company Balance Sheet (complete APPENDIX 1) CHARGES COMPTEDERESULTATdel'exercice PRODUCTS OPERATING EXPENSES Purchases of goods Change in stock (+/-) Purchases of raw materials Variationdestocks(+/-) Other purchases and external charges OPERATING INCOME Sales of goods Production sold Provision of services Net amount of turnover Taxes Wages and salaries Payroll taxes Depreciation allowances Allocations to provisions Other charges.. Stored production Immobilized production Operating subsidies Recoveries from provisions Other products Total i CHARGES FINANCIERES Interest and similar charges Total 11 Total ! FINANCIAL PRODUCTS Of participations Other securities Other interest payable and similar income Total 11 EXCEPTIONAL INCOME On management operations On capital transaction EXCEPTIONAL CHARGES On management operations. On capital transaction. Total 111 TAX ON BENEFICIARIES Total expenses Rsultat de l'exercice (bnfice) TOTAL GENERAL Total 1 Total products Rsultat de l'exercice (perte) TOTAL GENERAL ASSESSMENT IN LIABILITI ES ACTIF Investment securities ........ Disponibilits.. Total II TOTAL GENERAL ACTIF IMMOBILISE Intangible assets: Establishment fees Commercial funds Brevets Tangible capital assets: Plots Constructions 'Depreciation Technical installations, equipment.... 'Depreciation ....... Other tangible capital assets ... 'Depreciation Financial Assets: Participation Prts Other Total 1 CIRCULATING ASSETS Stocks : Matires premires Finished products.. Marchandises Advance payments on orders Crances : Clients and related accounts Other EQUITY Capital Rserves Rescheduling ....... Rsultat de l'exercice Total 1 DEBTS Bonds borrowings ....... Borrowing from credit institutions Borrowings and other financial debts ..... Advances received on orders ....... Debts Suppliers and accounts rattachs ............ Fiscal and social debts Debts on fixed assets Other debts ........... Total II TOTAL GENERAL II. Questions A. What does depreciation represent in accounting? B. Is VAT a completely neutral tax for the company? Argumenter. C. It is said that the balance sheet is a state of the patrimony. However, it does not reflect the real value of the company. Why

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!