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July company bought materials for 1 100 S + VAT 22 % (50 units). On 28th of July company bought materials for I 200 S + VAT 22 % (50 units) (Payments in 30 days). 125 units were consumed in current month Calculate cost of consumed materials using L1FO method

2. Company bought Computer (need assembly, administrative cost) with software for 20 000 S

>    VAT 22 % (software value 5 000 $ + VAT 22 Voj. Invoice for assembly 5 000 S - VAT 22 % Invoice for loading and unloading Computer 2 000 $ + VAT 22 % Payments will be madę in 30 days Computer & software were commissioned for use Economic life - 5 years (Computer & software) Residual value of Computer 2 000 $ Residual value of software 0 S Calculate computer’s deprcciation for current month using diminishing method Calculate depreciation of software for current month using straight-line method Record transaction in accounts Present assets in balance statement after the year of using

3 )nvoice for sold car (payment - 3 months). Initial cost of car 60 000 $ Accumulated depreciation 10 000 $ Selling price 60 000 S + VAT'22 %.,Car’s handed to customer Record transaction in accounts Present transaction in balance and profit ¹ loss statement Company bought frechold land for 100 000 $ (long-term investment, payment in 6 months) The land is revaiueć to 90 000 3 at :hc end of 3^r<1 year '^łr»d >20 000 S at the end of 5^,Jł year This land is not depreciated R.ecord transactions in accounts Present transaction in profit /loss statement in every year

Calculated salaries of directly production employees 25 000 $ (gross pay). National insurance contributions paid by employer 25 %. National insurance contributions paid by employee 20 %. Health insurance 9 % Income tax 18 % Calculate net pay Record transactions in accounts

Company sold goods on credit for 10 000 + Vat 22 % Company expects that payment will not be madę in the futurę At the end of tinancial year customer paid 50 % of debt Record iransactions in accounts. create provisions Presenuransactions in balance and profit, loss statement at the end of financial year

Company bought materials for 100 000 S - VAT 22 % (Payment in 30 days). Record price is 120 000 S Materials were delivered 50 % of materials was consumed in production process 100 units of products were produced Company sold 50 % of products for 70 000

>    + VAT 22 % ( products were handed to customer) Record transactions in accounts. present them in balance and profit/loss statement (both methods)