bai giai
Exercise 1: 1. Determine the value of X Assets Value Equities Value Cash on hand 9.000 Short-term borrowings 80.000 Cash in bank 30.000 Payables to laborers 8.000 Trade receivables 12.000 Trade payables 15.000 Materials 37.000 Business Capital 340.000 Tools and instruments 13.000 Fund for basic construction 116.000 Goods on consignments 4.000 Finished goods 5.000 Tangible fixed asset 485.000 Depreciation and amortisation (X) Total 595.000-X Total 559.000 Accounting equation: Total assets = Total equities 595.000 – X = 559.000 X = 595.000 – 559.000 X = 36.000 2. Make journal entry 1. Dr Acct 334: 8.000 Cr Acct 111: 8.000 2. Dr Acct 211: 55.000 Cr Acct 411: 55.000 3. Dr Acct 151: 4.000 Cr Acct 112: 4.000 4. Dr Acct 157: 3.000 Cr Acct 155: 3.000 5. Dr Acct 331 (331-M): 9.000 Cr Acct 112: 9.000 6. Dr Acct 111: 12.000 Cr Acct 131: 12.000 7. Dr Acct 311: 8.000 Cr Acct 112: 8.000 8. Dr Acct 111: 3.000 Cr Acct 112: 3.000 9. Dr Acct 153: 2.500 Cr Acct 331 (331-M): 2.500 10. Dr Acct 331 (331-N): 1.000 Cr Acct 111: 1.000 11. Dr Acct 111: 15.000 Cr Acct 131(131-A): 15.000 9.000 (6) 12.000 (11) 15.000 (8) 3.000 8.000 (1) 1.000 (10) 30.000 4.000 (3) 9.000 (5) 8.000 (7) 3.000 (8) 27.000 9.000 0 24.000 30 .000 6.000 12.000 12.000 (6) 15.000 (11) 0 (3) 4.000 27.000 0 0 15.000 4.000 13.000 (9) 2.500 5.000 3.000 (4) 2.500 0 0 3.000 15.500 2.000 4.000 (4) 3.000 485.000 (2) 55.000 3.000 0 55.000 0 7.000 540.000 36.000 (7) 8.000 80.000 0 0 8.000 0 36.000 72.000 Acct 111 Acct 131 Acct 112 Acct 151 Acct 153 Acct 155 Acct 157 Acct 211 Acct 214 Acct 311 (1) 8.000 8.000 (5) 9.000 (10) 1.000 15.000 2.500 (9) 8.000 0 10.000 2.500 0 7.500 (5) 9.000 15.000 2.500 (9) (10) 1.000 0 9.000 2.500 1.000 0 8.500 1.000 340.000 55.000 (2) 116.000 0 55.000 0 0 395.000 116.000 Acct 334 Acct 214 Acct 331 Acct 411 Acct 441 Acct 331-M Acct 331-N Balance Sheet 31/03/N+1 Assets Closing balance Openning balance Cash on hand 30.000 6.000 Cash in bank 6.000 30.000 Trade receivables 0 12.000 Paid in advance to supplier 1.000 Goods in transit 4.000 0 Materials 37.000 37.000 Tools and instruments 15.500 13.000 Goods on consignments 7.000 4.000 Finished goods 2.000 5.000 Tangible fixed asset 540.000 485.000 Depreciation and amortisation (36.000) (36.000) Total 606.500 559.000 Equities Closing balance Openning balance Short-term borrowings 72.000 80.000 Customers pay in advance 15.000 0 Payables to laborers 0 8.000 Trade payables 8.500 15.000 Business Capital 395.000 340.000 Fund for basic construction 116.000 116.000 Total 606.500 559.000 Exercise 2: 1. Determine X and prepare BS Total assets = Total equities 7.200.000 = 5.150.000 + X X = 7.200.000 – 5.150.000 X = 2.050.000 Balance Sheet 01/01/NN Asset Value Equity Value Cash on hand 700.000 Short-term borrowings 700.000 Cash in bank 500.000 Current portions of long term debts 200.000 Trade receivables 500.000 Trade payables 500.000 Merchandises 300.000 Long-term borrowings 1.000.000 Goods in transits 500.000 Business capital 2.650.000 Tangible fixed assets 5.000.000 Undistributed profit 2.050.000 Depreciation of tangible assets (300.000) Taxes and obligations payable to the state budget 100.000 Total 7.200.000 Total 7.200.000 2. Make entries and determine the performance of business 1. Dr Acct 112: 800.000 Cr Acct 131: 800.000 2. a. Dr Acct 153: 300.000 Cr Acct 331: 300.000 b. Dr Acct 153: 50.000 Cr Acct 111: 50.000 3. Dr Acct 156: 450.000 Cr Acct 112: 150.000 Cr Acct 331: 300.000 4. Dr Acct 141: 100.000 Cr Acct 111: 100.000 5. Dr Acct 311: 250.000 Cr Acct 112: 250.000 6. a. Dr Acct 632: 300.000 Cr Acct 156: 300.000 b. Dr Acct 131: 300.000 Dr Acct 111: 450.000 Cr Acct 511: 750.000 7. Dr Acct 641: 200.000 Dr Acct 642: 150.000 Cr Acct 334: 350.000 8. Dr Acct 641: 100.000 Dr Acct 642: 150.000 Cr Acct 214: 250.000 9. Dr Acct 211: 62.000 Cr Acct 111: 62.000 10. Dr Acct 331: 200.000 Cr Acct 111: 200.000 11. Dr Acct 511: 750.000 Cr Acct 911: 750.000 12. Dr Acct 911: 900.000 Cr Acct 632: 300.000 Cr Acct 641: 300.000 Cr Acct 642: 300.000 13. Dr Acct 421: 150.000 Cr Acct 911: 150.000 (6a) 300.000 300.000 (12) (11) 750.000 750.000 (6b) 300.000 300.000 750.000 750.000 (7) 200.000 (8) 100.000 300.000 (12) (7) 150.000 (8) 150.000 300.000 (12) 300.000 300.000 300.000 300.000 (12) 300.000 (12) 300.000 (12) 300.000 750.000 (11) 150.000 (13) (7) 150.000 900.000 900.000 150.000 TRY TO PREPARE BALANCE SHEET AT 31/3/NN IF YOU GOT RIGHT ANSWER. WOW ……… YOU ARE AN EXCELLENT ACCOUNTING STUDENT! Acct 632 Acct 511 Acct 641 Acct 642 Acct 911 Acct 421