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1    50 % of materials was sold for 15000 S - VAT 22 % (Fayment 30 days, materials handed to oustomer) Record price of sold materials 10000 S. cost of acquisition 12000 S Record iransactions in accounts Present transactions in cash flow statement (indirect method)

2 Company bought tangible asset (need assembly, selling cost) for 80 000 $ + VAT 22 % lnvoice for assembly 8 000 $ - VAT 22 % Invoice for transport 8 000 $ - VAT 22 % Payments were madę by transfer Asset was commissioned for use. Economic life - 10000 units of product Residual va!ue 5 000 S 100 units were produced monthly. Calculate depreciation for current month Record transaction in accounts Calculate book value of asset after year of continued use Present transactions in cash flow statement using direct method

3    Company bought goods for 100 000 $    * YAT (22 %) Profit margin is 30 %    Company uses

net selling price to record goods Payment was madę by cash Record    transactions    in

accounts Present transactions in cash flow statement (indirect method)

4. indirect production cost was transferred as pan of manufacturing cost 10000 $ Record iransactions in accounts

5    ?nvoice for repair of production machinę 4009 % + Vat 22 %. Payment was madę by transfer Record transactions in account Present transaction in profit ios.s statement

6    Provision for bad debts was consumed    10000 S Record iransactions in account

7    Company bought freeholri land for    100 000 $ (shon-term inve?tment.    payment in    6

months) The land is revalued to 120 000 $ at the end of year Record transactions in account Present transaction in balance and profit / loss statement.

8    Calculate Health insurance of directly production employees 55 000 S (gross pay) National Insurance contributions paid by employee 30 % Health insurance 18 % Record iransactions in accounts Present transactions in cash flow statement using indirect method

9. Company caiculated depreciation of fools (direct cost. cost of acquisition J2P0_00 S) for »T|OmłK >    •    ‘

2^000 -f VAT    'c-j -r^sj-e* T    hundńd yj    P-jŁc©*«

t^v*w&iticv* in    nc-ck vctlt6L (biser    pk/jVt/i^n