the following information was taken from the balance sheet of a company which applie 251388

Accountancy – ERASMUS 12012/2013 The following information was taken from the Balance Sheet of a company which applies IAS and IFRS, the “Tricolored Gymnasium”, on the 31St October2011: Assets -Jr 31 October 2011 – 1(0(,;(_, th^ kr”- Current Assets Cash and cash equivalents € 51.013.207,09 • Short term investments € 274.967.496,08 Accounts receivable – trade € 120.607.640,58 4 Accounts receivable – other € 16.704.510,17 1 Inventories € 14.193.178,75 L Taxes receivable € 16.984.430,83 Total current assets € 494.470.463,50 Non-Current Assets :.- Accounts receivable – trade € 56.462,67 Accounts receivable – other € 1.650.383,75 Investments in group companies € 35.466.885,50 Other investments € 8.006.590,75 Intangible assets € 300.135.039,17 angible assets € 338.500.260,08 Total non-current assets € 683.815.621,92 Total assets € 1.178.286.085,42 Liabilities Current Liabilities .,i Short term debt € 418.158.275,00 ,,y Accounts payable – trade € 59.678.622,58 ¦5- Accounts payable – other € 34.478.717,67 –L Taxes payable € 19.769.748,25 .,e. Other current liabilities € 7.134.370,50 Total current liabilities € 539.219.734,00 Non-Current Liabilities y Medium and long-term debt 430.718.876,83 Accounts payable – other 510.019,42 Total non-current liabilities 431.228.896,25 Total liabilities 970.448.630,25 I; h, Accountancy – ERASMUS 12012/2013 -71 i , • Please account for the following facts, curred in November 2011, knowing that this company 4_ uses perpetual inventory system and IF to assign the cost of inventories (in October 31st there were 100 physiatric silicone balls in stock at 17,50€ each): j,4Aii.scc-,,.- ,.,(( /NI sr 1. Invoarno. 575 from supplier “Fisic” referring to: 1.000 Physiatric silicone balls 15. 000,00 € VAT (5%) 750,00;1 TOTAL 15.750,00 € 2. Our invoice no. 787 to client “Campos”, referring to: Twelve month fee and inscription 625,00€ VAT (5%) 31,25 € TOTAL 656,25 € 3. Invoice no. 1234 from supplier “Forte”, referring to: 1.000 Physiatric silicone balls 20.000,00 € VAT (5%) 1.000,00€ TOTAL 21.000,00 € 4. Invoice no. 12350 from supplier “Forte”, referring to: Physiatric silicone balls transportation 500,00 € 1 VAT (20%) 100,00 € TOTAL 600,00 € 5. Our invoice no. 788 to client “Citra” referring to: 1.200 Physiatric silicone balls 30.000 00 € VAT (5%) 1.500,00 € TOTAL 31.500,00 € LAr tt6Dc” 6. Invoice no. 567 from hardware supplier “Computer World, PLC”, referring to: Shareholders’ Equity Share capital 182.449.300,00 Legal reserve 14.935.780,17 ‘; Reserve for treasury shares 10.452.375,00 7. Total equity 207.837.455,17 71.14:( Total liabilities and shareholders’ equity € 1.178.286.085,42 Upgrading accounting hardware 40.000,00 € VAT (20`)/0) 8.000,00 € 1 TOTAL I, 48.000,00 € Our receipt no. 788 to client “Citra”, referring to our invoice no. 788. Cheque no. 158975.

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