Question 2 Fancy Co. manufactures bakery, applies perpetual inventory system and deductible VAT method. The following information is available in the year N: BALANCE SHEET At 31/12/N-1 (CU: 1.000 VND ENDING BALANCE ARTICLE BEGINNING BALANCE 102.140.000 60.640.000 26.000.000 29.000.000 4.000.000 1.640.000 41.500.000 41.500.000 X1 A. ASSETS I. SHORT - TERM ASSETS 1. Cash 2. Short term receivables 3. Prepayment to supplier 4. Inventory II. LONG-TERM ASSETS 5. Tangible fixed assets + Historical cost + Accumulated depreciation B. LIABILITIES AND OWNER'S EQUITY I. LIABILITIES 6. Current liabilities + Payable to suppliers + Advances from customers II. OWNER'S EQUITY 7. Capital 8. Retained earnings 102.140.000 15.140.000 15.140.000 14.000.000 2.140.000 86.000.000 80.000.000 6.000.000 2nd 1. January, Liquidated an equipment used in the Administrative department. Historical cost: X2, accumulated depreciation: X3. Revenue from liquidation was not paid : 400.000 2. 3rd January, purchased on credit material A at total price X4 (excluded 10% VAT) transportation expense was paid in cash on hand: 60.000. The amount of material A purchased: 2.200 kg. 3. 10 h January, issued 6000 kg material A for manufacturing cloth Question 2 Fancy Co. manufactures bakery, applies perpetual inventory system and deductible VAT method. The following information is available in the year N: BALANCE SHEET At 31/12/N-1 (CU: 1.000 VND ENDING BALANCE ARTICLE BEGINNING BALANCE 102.140.000 60.640.000 26.000.000 29.000.000 4.000.000 1.640.000 41.500.000 41.500.000 X1 A. ASSETS I. SHORT - TERM ASSETS 1. Cash 2. Short term receivables 3. Prepayment to supplier 4. Inventory II. LONG-TERM ASSETS 5. Tangible fixed assets + Historical cost + Accumulated depreciation B. LIABILITIES AND OWNER'S EQUITY I. LIABILITIES 6. Current liabilities + Payable to suppliers + Advances from customers II. OWNER'S EQUITY 7. Capital 8. Retained earnings 102.140.000 15.140.000 15.140.000 14.000.000 2.140.000 86.000.000 80.000.000 6.000.000 2nd 1. January, Liquidated an equipment used in the Administrative department. Historical cost: X2, accumulated depreciation: X3. Revenue from liquidation was not paid : 400.000 2. 3rd January, purchased on credit material A at total price X4 (excluded 10% VAT) transportation expense was paid in cash on hand: 60.000. The amount of material A purchased: 2.200 kg. 3. 10 h January, issued 6000 kg material A for manufacturing cloth