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Task: make a balance sheet and income statement and consider the value of the tax Michael will pay. What options does she have? Michael 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 2: Assumptions: 1. Michael is setting up a company. He contributes a share capital of 200,000 in cash. 2. He received a bill for the rental of the premises - 3000 - payable within 7 days. 3. He signed a contract with an employee, a helper, who will perform simple office tasks. 4. Michael bought a computer for the office. He received an invoice for 5000 , payable by wire transfer in 7 days. 5. Michael paid the invoice in Op. 4. 6. Completed the first order - the design of a single-family house-invoice payable by bank transfer in 30 days - 30,000 . 7. An account receipt was received from op, 6 . 8. Michael bought building materials - to complete another order. Bricks worth 50,000 . 9. The first batch of building materials was sold - their purchase price was 20,000 , and they were sold for 40,000 . An invoice was issued, and payment was received in cash. Task: prepare a balance sheet and income statement and consider the value of the tax that Michael will pay. What options does he have? At this point, he keeps full books of account, but do you remember what other options there were for accounting for small businesses in Poland

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