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Accounting
Task 1 | ||||||
Calculate the initial value of capital in an Ltd. (limited liability) company, if | ||||||
net profit of the previous year was 160,000 it has fixed assets of 800,000 at | ||||||
its disposal (machinery 500,000 and vehicles 300,000), but the properties are | ||||||
partly depreciated (machinery depreciation is 100,000 while vehicles 150,000). | ||||||
The entity owns 120,000 worth of finished goods in a warehouse as well as nonfinished | ||||||
goods worth 40,000. The company is behind in payment of contributions | ||||||
to the National Health Service and to the Tax Office by a total of 16,000. | ||||||
The company took a bank loan in the value of 300,000, and it has 10,000 in its | ||||||
bank account. | ||||||
Task 2 | ||||||
Explain which of the business events below not economic operations are: | ||||||
5) payment of ZUS contributions by the employer, | ||||||
6) contract with client to built a warehouse, | ||||||
7) selling the finished goods VAT invoice has been issued, | ||||||
8) sending an offer of products to clients, | ||||||
10) product packaging costs incurred, | ||||||
11) cost of product transport to clients incurred | ||||||
12) release of goods from stock | ||||||
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