Exercise no. 3 / COMFOE
SUBJECT: Economic and Financial Management
AIMS
Financial Statements: understanding and organization
DESCRIPTION OF THE ACTIVITY
These are the accounts of the Financial Statements of your company, alphabetically organized, at December of last year.
Please draw up the Balance sheet and Income Statement formally organized and understand the meaning of every account.
|
PL E
|
Amortization of intangible assets
|
360
|
|
CA
|
Receivables
|
16.200
|
|
CA
|
Banks
|
26.300
|
|
NET
|
Reserves
|
10.000
|
|
NCA
|
Buildings
|
31.800
|
|
PL E
|
Salaries and wages
|
10.720
|
|
PL ?
|
Changes in inventory (+)
|
10.200
|
|
PL R
|
Sales
|
125.000
|
|
PL E
|
Depreciation on PPE
|
570
|
|
NET
|
Share capital
|
35.000
|
|
PL
|
Income from debt securities
|
3.500
|
|
PL
|
Social Security contributions by the co.
|
3.200
|
|
PL
|
Independent professional services
|
1.000
|
|
CL
|
Social Security payables
|
2.250
|
|
PL
|
Interests on loans
|
4.000
|
|
CL
|
ST debts with financial institutions
|
40.700
|
|
NCA
|
Land
|
60.000
|
|
CL
|
Suppliers
|
31.000
|
|
CA
|
Merchandises
|
38.000
|
|
CL
|
ST debts with suppliers of fixed assets
|
35.000
|
|
PL E?
|
Merchandises purchased
|
85.750
|
|
CL
|
Tax office payables
|
11.500
|
|
PPE-NCA
|
Motor vehicles
|
23.000
|
|
PL
|
Transport
|
600
|
|
CL
|
Payables for the rendering of services
|
7.500
|
|
PL
|
Utilities
|
150
|
|
|
|
|
|
PL
|
Corporate taxes
|
10.000
|