Task: make a balance sheet and income statement and consider the value of the tax Kasia will pay. What options does she have? Kasia keeps full books of account at this point, but do you remember what other options there were for accounting for small businesses in Poland?

Task 1: Assumptions: 1. Kate is setting up a company. She brings in a share capital of 100,000 in cash. 2. She received a bill for the rental of the premises 2000 - payable within 7 days. 3. She signed a contract with Orange for telecommunications services - phone and internet. 4. She received an invoice for telecommunications services - 500 - payable in 7 days. 5. Kasia completed her first order - she designed a neighbor's garden. She issued an invoice for 10,000, payable by wire transfer in 7 days. 6. A receipt in the amount of 10,000 was received. 7. Kasia has purchased flowers for her next order. The value of the order is 15,000, which is her trade goods. 8. Sold some flowers from operation 7. The value of the sale is 25,000 . The value of the flowers purchased is 10,000 . An invoice was issued, and the money was received in cash. Task: make a balance sheet and income statement and consider the value of the tax Kasia will pay. What options does she have? Kasia keeps full books of account at this point, but do you remember what other options there were for accounting for small businesses in Poland