Financial lists exercises

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Exercise No. 1
This is a list of the balances in the accounts of the phenomenon in the balance of the review of the Office for the year ended 31/12/2015

straddling the city credits
fund account name 14700
7650
5000
1500 World Bank creditors/furniture company hope
150 pocket money owed
capital electricity 10000
20300 income
2083.350 pocket money rent
500 salaries and wages
300 pocket money online
250 pocket money electricity
500 personal drawings
250 pocket money
pocket money declaration 416.650 propaganda for rent paid in advance
300 revenue due to
31950 31950 Total amount
requested: the
preparation of financial statements, the
closing of the accounts
solution:
First: To prepare a list of income: the

total amount of the partial
income statement 20300
operational expenses
administrative expenses and universalism
2083.350 pocket money rent
500 salaries and wages
300 pocket money online
250 pocket money electricity
expenses for sales and marketing
250 ml of propaganda and the declaration
(3383.35) (-) Total expenses
16916.650 operational net income (profit)
Secondly: closing the income and expenditure account:

1 the closure of the income in the calculation of the income of the
debtor creditor summary statement
of h/revenue 20300
20300 To h/profits and losses (Summary of income) and the
closure of the income account in the income summary account
2 closing expenses in the calculation of the income of the
debtor creditor summary statement
of 3383.35 h/profits and losses (summary income)
to figuring
2083.350 h/pocket money rent
500 H/salaries and wages
300 H/pocket money online
250 H/pocket money electricity
250 g/ml of propaganda and the declaration of the
closure of the expense of expenses in the income summary account
after the closure of the calculation of income and expenses in the profit and loss account (income) Summary summary will be shown balance income worth $16916.650 creditor, the value of profits that have been recovered in the preparation of the income list as follows: the

calculation of income losses and surges (summary)
to
2083.350 h/CP.rent 20300 h/income
500 H/Salaries And wages
300 H/pocket money online
250 H/pocket money electricity
250 H/CP.
16916.650 propaganda and credit balance
20300 20300
Thirdly: the preparation of the list of changes in the rights of property:

a list of the change in the property rights in 31/12/2015
The Statement
10000 amount of capital at the beginning of the Period
(500) (-) personal drawings
16916.650 ( ) net income (profit)
26416.650 net ownership rights (the capital at the end of the period)
Fourthly: closing the income summary account and calculation of personal drawings:
after the closing of the income summary account and calculation of personal drawings (temporary accounts) in one of the accounts of the property rights of the Standing Committee (capital or current account, the owner of the company or the calculation of retained earnings, and we here we will be باقفالهم in the current account, the owner of the company to maintain the stability of the capital account in the first period and is in the Constitutive Act of the company as follows:

1 Closure A summary account of income in the current account, the owner of the company and the
debtor and the secured creditor
16916.650 statement from h/profits and losses,Summary of income)
16916.650 to h/gary the owner of the company
closing the income summary account in the current account, the owner of the company
2 close personal drawings account in the current account, the owner of the company and the
debtor and the secured creditor statement
500 H/gary the owner of the company
500 to h/المسحو


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