Question
We are providing you with the balance sheet of a Spanish company at the end of the year. The company carried out its accounting according
We are providing you with the balance sheet of a Spanish company at the end of the year. The company carried out its accounting according to the PGC 2007. You have to analyse each of the items and specify which group of the Chart of Accounts they belong to and the specific coding that corresponds to it according to the Chart of Accounts of the General Accounting Plan to each entry.
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
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