- Trang chủ >>
- Đề thi >>
- Đề thi lớp 1
4939
Bạn đang xem bản rút gọn của tài liệu. Xem và tải ngay bản đầy đủ của tài liệu tại đây (644.77 KB, 6 trang )
Example 1
• On 1.1/20X0, you are hired as a manager for a
company with a resource of 1 billion Vietnam Dong
in cash (500 mil from owner’s money and 500 mil
from creditor). In January:
– Company purchase goods which cost 300 mil in cash and
then re-sell with 400 mil (received cash)
– Borrow 200 mil cash from bank and purchase a machine
which)costs 300 mil (paid by cash)
• Record the above transactions in terms of
changes in the elements of the accounting
equation.
Example 2
• You have the following information:
– Owner contributed 1 billion in cash as initial investment.
– Company purchased goods at cost of 100 mil and paid in
cash.
– Company sold goods mentioned above at 140 mil and
received cash.
– Company purchased a van on credit. The van’s price is at
500 mil.
– Deposited 300 mil into bank (with the aim to receive
interest).
– Borrowed 200 mil cash from bank.
– Made 200 mil cash payment for purchased van.
– Purchased goods at 200 mil on credit.
– Interest from bank loan has been reported at 10 mil (not
yet paid).
Discussion Task
On 1.1.20x0, Mr Vuong’s SafeFood Store had following:
Inventory (Food):
Cash:
300 mil
100 mil
Mr Vuong’s initial resource comprise 250 mil cash from his
own money and 150 mil cash borrow from his mom. In Jan,
Mr Vuong sold all of his inventory for 400 mil in cash. During
the month, Mr Vuong had following transactions:
Paid salary for staff: 30 mil
Rental fee for the store: 20 mil
Paid loan’s interest to his mom: 2mil
Re-stocked goods: 330 mil
Requirement 1
•
Find Mr Vuong’s profit in Jan
Requirement 2
•
Mr Vuong wants to borrow 100 mil from bank. Consider
yourself as a banker and give the reason why (or why not)
you would like to let mr Vuong borrow 100 mil.
Example 3
• Business selling keep fit equipment, trading under the name of Buy
Your Biceps Shop. He put $7,000 of his own money into a business
bank account and in his first period of trading, the following
transactions occurred. (Transaction in $)
– Paid rent of shop for the period 3,500
– Purchased fit equipment (inventories) on credit 5,000
– Raised loan from bank 1,000
– Purchase of shop fittings (for cash) 2,000
– Sales of fit equipment: cash 10,000 (equipment costs 3,000)
– Sales of fit equipment: on credit 2,500 (equipment costs 600)
– Payments for trade payable 5,000
– Payments from trade receivable 2,500
– Interest on loan (paid) 100
