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FINANCE ACCOUNTING HELP TO ADD IT IN BALANCE SHEET begin{tabular}{|l|l|l|l|} hline Nr & multicolumn{1}{|c|}{ Business Activity } & multicolumn{1}{c|}{ Amount, EUR } & Recognition of
FINANCE ACCOUNTING HELP TO ADD IT IN BALANCE SHEET
\begin{tabular}{|l|l|l|l|} \hline Nr & \multicolumn{1}{|c|}{ Business Activity } & \multicolumn{1}{c|}{ Amount, EUR } & Recognition of business activity in financial report \\ \hline 1 & A man sets up a business. He has invested his own money in a company's share capital & 1000 & \\ \hline 2 & He has invested his own auto truck & 1200 & \\ \hline 3 & He has got money from bank (short term credit). Money were transferred to company's account & 200 & \\ \hline 4 & Primary goods were delivered. 60% of them were paid at once by money from company's account & Primary goods 220 & \\ \hline 5 & Primary goods were utilized during production process & Value of utilized primary goods =105 & \\ \hline 6 & Net wages for production workers were calculated & 20 & \\ \hline 7 & Wages were paid & 10 & \\ \hline 8 & Salaries for administrative personnel were calculated and paid & 15 & \\ \hline 9 & Interest for credit was calculated and paid & 5 & \\ \hline 10 & Depreciation of fixed asset was charged & 200 & \\ \hline 11 & Finished goods were moved from manufacturing department to a stock & 300 & \\ \hline 12 & Finished goods were delivered to purchaser. Invoice was made out. & Value of finished goods Invoice amount=1000 & \\ \hline 14 & Phe invoice for renting the stock was received & 10 & \\ \hline 15 & The invoice for renting the stock was paid & 10 & \\ \hline \end{tabular}Step by Step Solution
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