Example 2 You are an assistant of the financial director in the company X. At the...

 

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Example 2 You are an assistant of the financial director in the company X. At the end of the financial year 200X you received the following information from the accounting department: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 115 15. Materials Revaluation reserve External services Value added tax Goods for resale Receivables from employees Trade liabilities Long-term bank loan Goodwill (negative) 14. Accumulated depreciation of buildings PREZEN427228 Shares of related entities (not for sale) Tax liabilities Reversal of write-down of receivables Social fund Share capital 16. Rented (leased) land with option to purchase after the rent period 17. Bill of exchange received (redemption date in 3 weeks) 18. Current (bank)account 19. Patents (net value) 20. Licenses (net value) 21. Means of transport Cash in hand 23. Write-down of interest on receivables Supplementary capital 25. Bought share (for resale) 26. Money subsidies received Accumulated depreciation of licenses Value of goods for resale damaged by flood 29. Bonds issued and redeemed by the company X in previous periods 30. Buildings (gross value) Required: Prepare the Balance Sheet of the company X as at 31.12.200x. 1000 4 000 200 450 2 000 200 4000 4 500 2 000 3 500 2000 450 4 000 15 000 ??? 45 000 1000 6 000 3.000 4 000 7 000 3 500 300 30 000 15 000 3.000 1000 4 000 6.000 45 000 Example 2 You are an assistant of the financial director in the company X. At the end of the financial year 200X you received the following information from the accounting department: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 115 15. Materials Revaluation reserve External services Value added tax Goods for resale Receivables from employees Trade liabilities Long-term bank loan Goodwill (negative) 14. Accumulated depreciation of buildings PREZEN427228 Shares of related entities (not for sale) Tax liabilities Reversal of write-down of receivables Social fund Share capital 16. Rented (leased) land with option to purchase after the rent period 17. Bill of exchange received (redemption date in 3 weeks) 18. Current (bank)account 19. Patents (net value) 20. Licenses (net value) 21. Means of transport Cash in hand 23. Write-down of interest on receivables Supplementary capital 25. Bought share (for resale) 26. Money subsidies received Accumulated depreciation of licenses Value of goods for resale damaged by flood 29. Bonds issued and redeemed by the company X in previous periods 30. Buildings (gross value) Required: Prepare the Balance Sheet of the company X as at 31.12.200x. 1000 4 000 200 450 2 000 200 4000 4 500 2 000 3 500 2000 450 4 000 15 000 ??? 45 000 1000 6 000 3.000 4 000 7 000 3 500 300 30 000 15 000 3.000 1000 4 000 6.000 45 000

Answer rating: 100% (QA)

Answer Share capital 30000 Retained earnings 10000 Current assets Materials 1000 Revaluation reserve ... View the full answer