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Preparazione di report: bilanci

  • Note di Apprendimento
  • Revisione degli argomenti
    Naledi M.
    BW
    Naledi M.

    "failure to add the current period's depreciation to accumulated depreciation" I do not understand this point. Could someone clarify it for me?

    BabaJide Martins F.
    TR
    BabaJide Martins F.

    Likely errors include: •failure to classify into current and non-current items •inclusion of aliens, such as revenue or expenses •incorrect titles, for example, depreciation instead of accumulated depreciation Other statements that were not included: loan paid to the bank, miscellaneous spending.

    Morne V.
    ZA
    Morne V.

    ailure to recognise 'bank' after preparing a cash statement failure to allow for the amount of the loan repaid non-inclusion of items, such as petty cash

    Sunday O.
    NG
    Sunday O.

    balance is knowing how to prepare your tables in accounting

    Thomas Haingura M.
    NA
    Thomas Haingura M.

    •failure to classify into current and non-current items •inclusion of aliens, such as revenue or expenses •incorrect titles, for example, depreciation instead of accumulated depreciation •the treatment of 'loan' as exclusively non-current •failure to recognise 'bank' after preparing a cash statement •failure to allow for the amount of the loan repaid •non-inclusion of items, such as petty cash •failure to add the current period's depreciation to accumulated depreciation

    Odongo M.
    UG
    Odongo M.

    Accounting -> Preparation of reports: balance sheets Balance sheets The balance sheet taken from the 10 column worksheet may be shown as follows: Balance sheet as at 30 June Current assets $ $ $ Prepaid rent 2 000 Debtors 12 500 Stock - 30 June 22 000 36 500 Non-current assets Vehicles 18 000 - Accumulated depreciation of vehicles 4 700 13 300 Equipment 32 000 - Accumulated depreciation of equipment 11 100 20 900 34 200 Total assets 70 700 Current liabilities Bank overdraft 7 600 Accrued wages 1 000 Creditors 5 800 Loan 4 000 18 400 Non current liabilities Loan 16 000 Owner's equity Capital 40 800 + Net profit 17 500 58 300 - Drawings 22 000 36 300 Total equities 70 700 Likely errors include: failure to classify into current and non-current items inclusion of aliens, such as revenue or expenses incorrect titles, for example, depreciation instead of accumulated depreciation the treatment of 'loan' as exclusively non-current failure to recognise 'bank' after preparing a cash statement failure to allow for the amount of the loan repaid non-inclusion of items, such as petty cash failure to add the current period's depreciation to accumulated depreciation

    Manish K.
    NP
    Manish K.

    there are some errors even though the amounts of money given in assets and liabilities are equal.

    Manish K.
    NP
    Manish K.

    It helps to find out for preparing balance sheet effectively.

    Penelope M.
    US
    Penelope M.

    when it comes to accounting it is important to cross your t's and dot your i's

    Adil N.
    MA
    Adil N.

    What are balance sheets?

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