> Question 1: Present the sources of data and the method for preparation of "Enterprise administrative expenses" item (Code 26) on the Annual Income statement? Illustrate with an example? 2. Present the accounting order for frequent repair and maintenance? 3. Present the content and application conditions of FIFO method in calculating cost of inventories? Question 2: Transactions incurred in Hoang Ha company in January 2016: (CU: 1.000 VND). The Minute of Assets Handover No. 04 dated 7/1/2016: Purchasing a computer system on credit for the administrative purpose. According to VAT invoice No. 004793 dated 7/1/2016 from Tran Anh coil pany. Listed price: 48 lit VAT: 48 Total payment: 52.8 Estimated useful life: 3 years 2. According to Decision No. 01 dated 8/1/2016 of the Director transfering a fixed asset into a tool. Historical cost: 360.000, accumulated depreciation: 345.000. Estimated useful life: 12 years. The Minute of Assets Handover No. 04 dated 17/1/2016: Purchasing a computer system on credit for the administrative purpose. According to VAT invoice No. 004793 dated 17/1/2016 from Tran Anh company Listed price: 48 10 VAT: 48 Total payment 52,8 Estimated useful life: 5 years 4. The Mimte of Asset Handover No. 30 dated 19/1/2016: contributing a truck in a joint venture. Historical cost: 840.000, accumulated depreciation: 120.000. The struck was revaluated at: 700.000. Useful life: 7 years Fixed Assets stocktaking report No. 02, dated 31/1/2016, an administrative equipment was missing. Historical cost: 54,000, accumulated depreciation 7.500. Useful life: 9 years. The reason has been under investigation Reywirel: 1. Make journal entries for above transactions 2. Record above transactions on General Ledger of Account 211 > Question 1: Present the sources of data and the method for preparation of "Enterprise administrative expenses" item (Code 26) on the Annual Income statement? Illustrate with an example? 2. Present the accounting order for frequent repair and maintenance? 3. Present the content and application conditions of FIFO method in calculating cost of inventories? Question 2: Transactions incurred in Hoang Ha company in January 2016: (CU: 1.000 VND). The Minute of Assets Handover No. 04 dated 7/1/2016: Purchasing a computer system on credit for the administrative purpose. According to VAT invoice No. 004793 dated 7/1/2016 from Tran Anh coil pany. Listed price: 48 lit VAT: 48 Total payment: 52.8 Estimated useful life: 3 years 2. According to Decision No. 01 dated 8/1/2016 of the Director transfering a fixed asset into a tool. Historical cost: 360.000, accumulated depreciation: 345.000. Estimated useful life: 12 years. The Minute of Assets Handover No. 04 dated 17/1/2016: Purchasing a computer system on credit for the administrative purpose. According to VAT invoice No. 004793 dated 17/1/2016 from Tran Anh company Listed price: 48 10 VAT: 48 Total payment 52,8 Estimated useful life: 5 years 4. The Mimte of Asset Handover No. 30 dated 19/1/2016: contributing a truck in a joint venture. Historical cost: 840.000, accumulated depreciation: 120.000. The struck was revaluated at: 700.000. Useful life: 7 years Fixed Assets stocktaking report No. 02, dated 31/1/2016, an administrative equipment was missing. Historical cost: 54,000, accumulated depreciation 7.500. Useful life: 9 years. The reason has been under investigation Reywirel: 1. Make journal entries for above transactions 2. Record above transactions on General Ledger of Account 211
