>rials 10000 S, cost of accjuisition 12000 S Record transactions in accounts pres sactions in cash flow statement (indirect method)
ipany bought tangible asset (need assembly, selling cost) for 50 000 S + VAT 22 ice for assembly 5 000 S - VAT 22 % Invoice for transport 5 000 S + VAT 22 nents were madę by transfer Asset was commissioned for use. Economic life - 5 ye< dual value 5 000 $ Calculate depreciation for current month using sum of the y s method Record transaction in accounts Calculate book value of asset aft er year inued use Present transactions in cash flow statement using direct method ipany bought goods for 50 000 S + VAT (22 %) Profit margin is 10 %. Company u ng price to record goods Payment was madę by transfer Record transactions unts Present transactions in cash flow statement (indirect method). units of product were produced in this month 10000 $ Record transaction in account ice for assembly of production machinę 4000 S + Vat 22 %. Payment was madę ;fer Record transactions in account. Present transaction in profit/Ioss statement ision for had debts was madę 10000 $ Record transaction in account ipany bought freehold land for 100 000 S (short-term investment, payment ir ths) The land is revalued to 90 000 S at the end of first year PerorH transactions unts. Present transactions in profit / loss statement.
ulate income tax of administration employees 25 000 $ (gross pay) National insurai ributions paid by employee 20 % Income tax 18 %. Record transactions in accoui snt transactions in cash flow statement using indirect method pany calculated depreciation of production machinę (indiiecLcost. cost of acquisit >00 $) for current month 20 000 S 100 units of product were produced 50 % ucts was sold for 15000 S + VAT 22 % (paid by cash). Products were handed >mer Record transactions in accounts, calculate book value of asset, pres actions in profit/loss statement (both methods), cash flow statement using b