Operations during 2021: 1. Opening balance for: inventory = 100.000 EUR, Cash on bank account = 60.000
Fantastic news! We've Found the answer you've been seeking!
Question:
Operations during 2021: | |||||||
1. Opening balance for: inventory = 100.000 EUR, Cash on bank account = 60.000 EUR. | |||||||
2. Inventory of 10.000 EUR net was purchased and paid via bank transfer. VAT 2.000 EUR. | |||||||
3. Inventory of 13.000 EUR net was purchased on account. VAT 2.000 EUR. | |||||||
4. Sales of 100.000 EUR net was made; VAT 10.000 EUR. 40.000 EUR on account, 10.000 EUR for the bank transfer, the rest for cash. | |||||||
5. The (COGS) cost of goods sold (ad 2.) was 79.000 EUR. | |||||||
6. Inventory of 20.000 EUR brut was purchased on account. VAT 5.000 EUR. | |||||||
7. Sales of 10.000 EUR brut was made; VAT 1.000 EUR. 6.000 EUR on account, 1.000 EUR for the bank transfer, the rest for cash. | |||||||
8. The (COGS) cost of goods sold (ad 5.) was 5.000 EUR. | |||||||
9. Company calculated the VAT amount. | |||||||
8. The VAT amount was paid (by us or by the Tax Office) via bank transfer. | |||||||
Operations during 2021: |
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date: