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    Tutorial 9 CH 5.2.13 e 17

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    englishlessons
    The document contains information about accounting entries for a company: 1) On July 1st, the company took out a 200,000 euro loan from a bank to be repaid in biannual installments of 20,000 euro with an annual interest rate of 4%. 2) Shareholders signed an equity capital agreement for 50,000 euro by purchasing shares at their par value of 2 euro each for a price of 3 euro each. 3) Various accounts were identified as usually having debit or credit balances, such as raw materials expenses usually having a debit balance and bank usually having a credit balance.

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    Tutorial 9 CH 5.2.13 e 17

    Uploaded by

    englishlessons
    11 views5 pages
    The document contains information about accounting entries for a company: 1) On July 1st, the company took out a 200,000 euro loan from a bank to be repaid in biannual installments of 20,000 euro with an annual interest rate of 4%. 2) Shareholders signed an equity capital agreement for 50,000 euro by purchasing shares at their par value of 2 euro each for a price of 3 euro each. 3) Various accounts were identified as usually having debit or credit balances, such as raw materials expenses usually having a debit balance and bank usually having a credit balance.

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    Tutorial 9 Ch 5.2.13 e 17

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    The document contains information about accounting entries for a company: 1) On July 1st, the company took out a 200,000 euro loan from a bank to be repaid in biannual installments of 20,000 euro with an annual interest rate of 4%. 2) Shareholders signed an equity capital agreement for 50,000 euro by purchasing shares at their par value of 2 euro each for a price of 3 euro each. 3) Various accounts were identified as usually having debit or credit balances, such as raw materials expenses usually having a debit balance and bank usually having a credit balance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    11 views5 pages

    Tutorial 9 CH 5.2.13 e 17

    Uploaded by

    englishlessons
    The document contains information about accounting entries for a company: 1) On July 1st, the company took out a 200,000 euro loan from a bank to be repaid in biannual installments of 20,000 euro with an annual interest rate of 4%. 2) Shareholders signed an equity capital agreement for 50,000 euro by purchasing shares at their par value of 2 euro each for a price of 3 euro each. 3) Various accounts were identified as usually having debit or credit balances, such as raw materials expenses usually having a debit balance and bank usually having a credit balance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    E 32 On 1 st July a company takes out a loan from a bank for 200.000 euro.

    The instalments due to the bank are biannual for a total amount of 20.000. The annual interest rate is of 4%.

    E 36 Shareholders undersign the equity capital for a par value of 50.000 euro.
    Shareholders pay the shares.

    E 37 Shareholders undersign the equity capital by issuing 100.000 new shares for a par value of 2 euro and a price of 3 euro.

    Hp1. Shareholders pay the minimum amount fixed by law.

    Hp2. Shareholders pay the total amount for the shares.

    E 38 Do the following accounts usually have debit balances or credit balances? For each account given, put a tick ( ✓) in the proper column.

    ACCOUNTS Left (DR) Right (CR)


    Raw materials expenses
    Bank
    Accounts Receivable
    Advance payment from customers
    Sales revenues
    Sales return
    Interest expenses on loans
    Equity capital
    Wages and salaries
    Input VAT
    Machinery
    Shareholders receivable
    Employees payable
    Accumulated machinery depreciation
    Accounts payable
    Additional paid-in capital
    # Date Codes Account Names Left (DR) Right(CR)
    E32

    # Date Codes Account Names Left (DR) Right(CR)


    E36

    # Date Codes Account Names Left (DR) Right(CR)


    E37

    Hp.1

    Hp.2
    Income Statement

    € -
    € -

    …
    GROSS PROFIT € -

    …
    NET PROFIT (LOSS) € -

    Balance Sheet
    ASSETS LIABILITIES
    Current Assets € - Current Liabilities € -

    Non-current Liabilities € -

    Non-current Assets € - EQUITY

    TOTAL ASSETS € - TOTAL L+E € -

    Cash Flow Statement

    Cash Flows from


    € -
    operating activities
    Cash Flows from
    € -
    investing activities
    Cash Flows from
    € -
    financing activities
    NET CHANGE IN
    € -
    CASH
    Report Category Code
    Balance Sheet Assets A
    Balance Sheet Liabilities L
    Balance Sheet Equity E
    Income Statement Revenue/Gain R
    Income Statement Cost/Expense C

    Code Name
    A Cash
    A Cash@Bank
    A Accounts Receivable
    L Accounts Payable
    L Loan
    L Bonds
    A Input VAT
    L Output VAT
    A Machinery
    A Advances to Suppliers
    L Leasing obligation
    C Interest expense on loans
    C Interest expense on bonds
    R Sales revenues
    C Leasing expenses
    C Leasing obligation
    C Interest expense on leasing
    A Shareholders receivable
    E Equity capital
    E Additional paid-in capital

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