Question
Once all the accounts have been coded, create the closing entry for the company . ASSETS LIABILITIES Non-current assets Net equity Intangible fixed assets: Equity
Once all the accounts have been coded, create the closing entry for the company.
ASSETS
LIABILITIES
Non-current assets
Net equity
Intangible fixed assets:
Equity capital:
Industrial Propriety
40.500
Capital Social
3.000.000
Cumulative depreciation II
-5.000
Legal reserve
348.180
Tangible fixed assets:
Profit and Loss
158.810
Constructions
3.900.000
ICT Equipment.
9.000
Non-current liability
Furniture
70.000
Long-term debts
Transport
35.000
Long-term debt to institutions.
710.000
Cumulative depreciation IM
-122.000
Current liability
Current Asset
Short-term debts
Stock:
Short-term debts to institutions.
38.000
Goods
62.000
Suppliers
200.000
Impairment loses
-1.150
Creditors
3.560
Debtors:
Clients
236.200
Short-Term investments
Short-term investments (shares)
9.000
Liquidity:
Banks
225.000
TOTAL ASSETS
4.458.550
TOTAL LIABILITIES
4.458.550
What information on this balance sheet is required to create closing entry for the company?
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
