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Série 1 EN

This document contains 6 exercises on accounting principles for partnerships and corporations. It provides sample balance sheets and financial information for various companies and asks students to: 1) Calculate missing values like capital or cash amounts; 2) Prepare balance sheets showing assets, liabilities, and capital for the companies at start and end dates. The teacher is listed as Y. EL BAKIRDI and tutorial teacher as S. EL BOQ for the 2023-2024 academic year.

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65 views5 pages

Série 1 EN

This document contains 6 exercises on accounting principles for partnerships and corporations. It provides sample balance sheets and financial information for various companies and asks students to: 1) Calculate missing values like capital or cash amounts; 2) Prepare balance sheets showing assets, liabilities, and capital for the companies at start and end dates. The teacher is listed as Y. EL BAKIRDI and tutorial teacher as S. EL BOQ for the 2023-2024 academic year.

Uploaded by

ilyasosiraj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Semester: 1

General accounting (I)

Tutorial: Series n° 1

Teacher : Y. EL BAKIRDI

Teacher of Tutorial classes : S. EL BOQ

Academic year: 2023-2024


Exercise 1:

On 01/01/N, two people form a partnership to create a company. The two partners have
the following personal assets:

Assets Partner 1 Partner 2


House 900.000 700.000
Car 140.000 180.000
Land 400.000 -
Premises - 200.000
Furniture 50.000 85.000
Goods 35.000 25.000
Receivables 65.000 30.000
Cash at bank 120.000 230.000
Liabilities to third parties 40.000 60.000

The two partners assign the following items to the company:

Assets Partner 1 Partner 2


House - -
Car - 180.000
Land 400.000 -
Premises - 200.000
Furniture 20.000 45.000
Goods 15.000 5.000
Receivables 25.000 10.000
Cash at bank 60.000 40.000
Amounts owed to third partie 40.000 60.000

Work to be carried out:

1- Calculate the assets of each partner.

2- Present the company's balance sheet at 01/01/N.

Exercise 2:

The financial position of a company at 01/01/N is as follows:


Items Amount Items Amount
Transport equipment 160.000 Land 200.00
Capital stock ? Social organizations (Debt) 4.500
Suppliers 25.700 Computer equipment 15.000
Government (debt) 9.800 Bank (Equity) 37.000
Stock of goods 14.000 A.E.C loans 260.000
Customers 15.900 Office furniture 25.600
Staff loans 12.500 Cash in hand ?

Task:

1- Determine the amount of capital and cash, knowing that the latter represents
10% of the amount of capital.

2- Present the company's balance sheet at 01/01/N.

Exercise 3:

On 01/01/N, the financial position of a company was as follows:

Items Amount Items Amount


Borrowings A.E.C 200.000 Transport equipment 70.000
Government credit 10.000 Customers 50.000
Cash ? Capital stock 400.000
Formation expenses 5.000 Stock of goods 150.000
Business fund 70.000 Office equipment 10.000
Suppliers 80.000 Computer hardware 5.000
Land 150.000 Buildings 90.000
Technical installations 30.000 Bank account ?

Task:

1- Determine the amount of bank and cash balances, given that cash balances
represent 25% of bank balances.

2- Present the company's balance sheet at 01/01/N.

Exercise 4:

The financial position of an industrial company specializing in the textile industry at


01/01/N is as follows:
Items Amount Items Amount
Cash 11.600 Personal capital ?
Technical equipment 125.000 Bank (Equity) 65.000
Transport equipment ? A.E.C loans ?
Suppliers 20.000 Customers 28.400
Stock of goods 170.000 Buildings 320.000

Assignment:

1- Determine the amount of personal capital, the loan and the transport equipment,
knowing that the loan represents 10% of the capital and the transport equipment
represents 20% of the assets.

2- Present the company's balance sheet at 01/01/N.

Exercise 5:

On 01/01/N, a person decided to set up a single-partner SARL to market electrical


products. To do this, he contributed personal capital of 700,000 Dhs and took out a
long-term loan of 300,000 Dhs. This money was used to acquire the following items:

Items Amount Items Amount


Commercial premises 450.000 Transport equipment 125.000
Various office furniture 25.000 A micro-computer 30.000
 Goods for 300,000 Dhs, 70% paid in cash by bank cheque and the remainder
on credit;
 The remaining assets are deposited 80% in the bank and 20% in cash.

Work to be carried out:

Draw up the company's balance sheet at 01/01/N.

At 31/12/N, the balance sheet items are as follows:

Items Amount Items Amount


Business premises 425.000 Computer equipment 50.000
Office furniture 40.000 Accounts receivable 60.000
Transport equipment 100.000 Bank 120.000
Office equipment 20.000 Cash 10.000
Goods 370.000 Loans 250.000
Trade payables 75.000
Task:

Draw up the company's balance sheet at 31/12/N.

Exercise 6:

On 01/01/N, the financial position of a company was as follows:

Items Amount Items Amount


Cash 30.000 Share capital ?
State (Debt) 60.000 Personnel (Debt) 20.000
Transport equipment 200.000 Bank (Equity) 80.000
Suppliers 120.000 Fixed asset suppliers 100.000
Goods 320.000 Customers 120.000
Buildings 400.000 Computer hardware 50.000

Assignment:

1- Determine the amount of share capital.

2- Present the company's balance sheet at 01/01/N.

At 31/12/N, the company's assets and liabilities were as follows:

Items Amount Items Amount


Cash 50.000 Share capital ?
State (Debt) 40.000 Staff (Debt) 20.000
Transport equipment 200.000 Bank (Equity) 100.000
Suppliers 120.000 Fixed asset suppliers 100.000
Goods 320.000 Customers 120.000
Buildings 400.000 Computer hardware 50.000

Assignment:

1- Determine the amount of net income, given that the share capital has not
changed.

2- Present the company's balance sheet at 31/12/N.

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