ramy tork
03-10-2009, 01:51 PM
هذة هى الحالة العملية التي واجهتني وانا فى اختبار لاكبر مكتب محاسبة فى السعوديه ولكني للاسف لم احقق النسبة الكافية للالتحاق به وذلك لاني اعمل فى بنك وبعيد قليلا عن المحاسبة الحقيقيه فلو فى حد يقدر يفيد الناس ويجلها وتتنشر فى الموضوع وتكون فائدة تعم على الجميع حتى يتعلم ويستفيد الجميع يبقى جزاه الله خيرا
الحالة الاولى وكانت كالتالي
A new company was established in 1st of April 2008. Following transaction has taken a place
1- A capital of 1000000 was deposited in the bank
2- During April the company rented an office for 100000 per year all the rent was paid in advance
3- During April the company purchases furniture for 50000 and cars for 200000 (depreciation for cars 20% and for furniture 10%)
4- In the 1st of May the company rented a Ware House for 75000 per year they pay only 35000
5- The company obtained a loan from the bank in 1st June 2008 for 725000 with annual interest of 5%
6- The company paid 700000 as salaries for companies staff for the period from 1st April up to 30 November 2008
7- The company purchase goods for the period from April 2008 to December 2008 for a value of 620000 in cash and 2880000 in credit
8- Total credit sale for the period form April up to 31 of December is 3250000
9- Cash sale During the period form April up to 31 of December is 750000
10- The company paid back 300000 as part of the loan in 30 of November 2008
The following information being given to you:
1* The company started operation in April 2008.
2* Inventory value at the end of the year is 1.500.000
3* 100,000 salaries for December 2008 were not paid.
4* A Bank statement received from the Bank shows that the balance is 22,000.
5* After analyzing Bank Statement following were found.
A. One of the customers deposited 5,000 in the Company's Bank.
B. The bank charged the company with 18125 as intrst
C. A Cheque of 2,000 was not deposited in the Company's Bank
Account.
D. An amount of 1000 in cash was not deposited in the Company's
Bank Account.
6* The company decided to make a provision of bad debt equal to 1%
of receivable balance.
7* The company has to pay 20% taxes on the net profit.
8* From April 2008 to December 2008 the company paid to one of the
partner 100.000 as a salary. This amount is not considered as an
expense for a tax purposes, provision for bad debt is not considered
as deduct able tax expense too
Required
1- Record all transaction
2- Open the necessary ledger accounts
3- Prepare bank reconciliation
4- Do all adjusted entries required to close all accounts including prepaid expenses (rent) -accrual expenses (rent, salary &interest) -depreciation (cars & furniture) -provisions for bad debt - interest paid
5- Prepare Final Trial Balance as in 31/12/2008
6- Prepare profit and loss account. As in 31/12/2008.
7- Prepare Balance Sheet as in 31/12/2008.
8- Show the taxable profit. And Tax due
.
2 -
A new company was established during 2008.
At the end of 2008 and before the final adjustments.
The trial balance of the company shows the following balance:
Account Name
DR
Bank
20,000
Furniture
50,000
Cars
200,000
Receivable
500,000
Goods
1,500,000
Capital
1,000,000
Long Term Loan
500,000
Short Term Loan
225,200
Supplies Balance
545,000
The following information being given to you :
1- The company started operation in April 2008.
2- Sales for the period 4.000,000.
3- Goods purchase for the period 3.500.000.
4- Total salaries for period from April up to November 2008.
5- 100.000 salaries for December 2008 were not paid.
6- Rent for office is 100.000 per year.
7- The company paid 100,000 in April 2008 toward office rent.
8- Rent For the ware house is 70.000 per year.
9- The company paid 35.000 for the ware house rent in May 2008.
10- A Bank statement received from the Bank shows that the balance is 22.000.
11- After analyzing Bank Statement following were found.
A. One of the customers deposited 5,000 in the Company's Bank.
B. A Cheque of 2,000 was not deposited in the Company's Bank Account.
C. An amount of 1000 in cash was not deposited in the Company's Bank Account.
12- cars and Furniture were purchased in June 2008.
13- Depreciation rate for cars is 20% per year. For furniture 25% per year.
14- The company decided to make a provision of bad debt equal to 1% of receivable balance.
15- The company has to pay 20% taxes on the net profit.
16- From April 2008 to December 2008 the company paid to one of the partner l00.000as a salary . This amounts not considered as an expense for a tax puiposes.
Required
1- Do all adjusted entries to close all accounts.
2- Prepare profit and loss account. As in 31/12/2008
3- Prepare Final Trial Balance as in 31/12/2008.
4- Prepare Balance Sheet as in 31/12/2008.
5- Show the taxable profit. And Tax due.
الحالة الاولى وكانت كالتالي
A new company was established in 1st of April 2008. Following transaction has taken a place
1- A capital of 1000000 was deposited in the bank
2- During April the company rented an office for 100000 per year all the rent was paid in advance
3- During April the company purchases furniture for 50000 and cars for 200000 (depreciation for cars 20% and for furniture 10%)
4- In the 1st of May the company rented a Ware House for 75000 per year they pay only 35000
5- The company obtained a loan from the bank in 1st June 2008 for 725000 with annual interest of 5%
6- The company paid 700000 as salaries for companies staff for the period from 1st April up to 30 November 2008
7- The company purchase goods for the period from April 2008 to December 2008 for a value of 620000 in cash and 2880000 in credit
8- Total credit sale for the period form April up to 31 of December is 3250000
9- Cash sale During the period form April up to 31 of December is 750000
10- The company paid back 300000 as part of the loan in 30 of November 2008
The following information being given to you:
1* The company started operation in April 2008.
2* Inventory value at the end of the year is 1.500.000
3* 100,000 salaries for December 2008 were not paid.
4* A Bank statement received from the Bank shows that the balance is 22,000.
5* After analyzing Bank Statement following were found.
A. One of the customers deposited 5,000 in the Company's Bank.
B. The bank charged the company with 18125 as intrst
C. A Cheque of 2,000 was not deposited in the Company's Bank
Account.
D. An amount of 1000 in cash was not deposited in the Company's
Bank Account.
6* The company decided to make a provision of bad debt equal to 1%
of receivable balance.
7* The company has to pay 20% taxes on the net profit.
8* From April 2008 to December 2008 the company paid to one of the
partner 100.000 as a salary. This amount is not considered as an
expense for a tax purposes, provision for bad debt is not considered
as deduct able tax expense too
Required
1- Record all transaction
2- Open the necessary ledger accounts
3- Prepare bank reconciliation
4- Do all adjusted entries required to close all accounts including prepaid expenses (rent) -accrual expenses (rent, salary &interest) -depreciation (cars & furniture) -provisions for bad debt - interest paid
5- Prepare Final Trial Balance as in 31/12/2008
6- Prepare profit and loss account. As in 31/12/2008.
7- Prepare Balance Sheet as in 31/12/2008.
8- Show the taxable profit. And Tax due
.
2 -
A new company was established during 2008.
At the end of 2008 and before the final adjustments.
The trial balance of the company shows the following balance:
Account Name
DR
Bank
20,000
Furniture
50,000
Cars
200,000
Receivable
500,000
Goods
1,500,000
Capital
1,000,000
Long Term Loan
500,000
Short Term Loan
225,200
Supplies Balance
545,000
The following information being given to you :
1- The company started operation in April 2008.
2- Sales for the period 4.000,000.
3- Goods purchase for the period 3.500.000.
4- Total salaries for period from April up to November 2008.
5- 100.000 salaries for December 2008 were not paid.
6- Rent for office is 100.000 per year.
7- The company paid 100,000 in April 2008 toward office rent.
8- Rent For the ware house is 70.000 per year.
9- The company paid 35.000 for the ware house rent in May 2008.
10- A Bank statement received from the Bank shows that the balance is 22.000.
11- After analyzing Bank Statement following were found.
A. One of the customers deposited 5,000 in the Company's Bank.
B. A Cheque of 2,000 was not deposited in the Company's Bank Account.
C. An amount of 1000 in cash was not deposited in the Company's Bank Account.
12- cars and Furniture were purchased in June 2008.
13- Depreciation rate for cars is 20% per year. For furniture 25% per year.
14- The company decided to make a provision of bad debt equal to 1% of receivable balance.
15- The company has to pay 20% taxes on the net profit.
16- From April 2008 to December 2008 the company paid to one of the partner l00.000as a salary . This amounts not considered as an expense for a tax puiposes.
Required
1- Do all adjusted entries to close all accounts.
2- Prepare profit and loss account. As in 31/12/2008
3- Prepare Final Trial Balance as in 31/12/2008.
4- Prepare Balance Sheet as in 31/12/2008.
5- Show the taxable profit. And Tax due.