Yesterday we knew the content of the balance sheet items, so today we will look at the specific preparation method of the balance sheet through a simple case.
3. The method of preparing the balance sheet.
Xiao Wang, after graduating from college, didn't want to live the kind of 9-to-5 office worker life, and wanted to open his own company as the boss. So how can you start a company?
Assuming that Xiao Wang only has 10,000 yuan, she borrowed 20,000 yuan from her mother, bought 21,000 yuan of equipment, and bought 2,000 yuan of fruits, then Xiao Wang's assets are shown in the following table:
In the second month, Xiao Wang started business, Xiao Wang's good friend, wanted to operate with Xiao Wang, found Xiao Wang to discuss, Xiao Wang readily agreed, in addition, Xiao Wang recruited 2 employees to work together, so in the second month, this Zhen Hao Yu *** Xiao Wang and Xiao Wang 2 people, began to operate.
It is assumed that VAT and income tax are not taken into account].
In the second month, Zhen Haoyu Company had the following business:
1. Domi invested 50,000 yuan in the company, and the company has received it and deposited it in the bank.
2. The company purchased fixed assets such as tables and chairs totaling 20,000 yuan that month.
3. The company purchased a set of software that can scan the code to place an automatic order, totaling 2,000 yuan, 4. Zhen Haoyu purchased 10,000 yuan of fruit again that month, of which 3,000 yuan was not paid, and the rest were paid by bank deposit.
5. Zhen Haoyu Company incurred related water and electricity bills and property fees totaling 2,000 yuan in the current month, and 6. The company incurred a total of 20,000 yuan in related labor expenses in the current month.
7. The company was reported due to unclean sanitation and was fined 500 yuan by relevant departments.
8. Due to the above incident, after a thorough investigation by Zhen Haoyu Company, it was found that it was caused by an employee's inattention, and the employee was fined 1,000 yuan that month to cause a warning.
9. The company's operating income for the month totaled 350,000 yuan, of which 10,000 yuan was not received, and the rest were received and deposited in the bank. Among them, the cost of fruit totals 8,000 yuan.
10. Due to Xiao Wang's decision-making mistakes, the company purchased more fruits and damaged 2,000 yuan of fruits.
1. Borrow: bank deposit of 50,000
Credit: Paid-up capital - with wings 50,000
2. Borrow: fixed assets - tables and chairs 20,000
Credit: Bank Deposit 20000
3. Borrow: intangible assets - tables and chairs 2000
Credit: Bank Deposit 2000
4. Borrow: raw materials - fruits 10,000
Credit: Bank deposit 7000
Accounts payable 3000
5. Borrow: management expenses - water and electricity charges property fees 2000
Credit: Bank Deposit 2000
6. Borrow: sales expenses - salary 20,000
Credit: Employee compensation payable 20,000
7. Borrow: non-operating expenses - a fine of 500
Credit: Bank deposit 500
8. Borrow: bank deposit 1000
Credit: Non-operating income 1000
9. Borrow: bank deposit 20,000
Accounts receivable 15000
Credit: main business income 35000
Borrow: Cost of main business 8000
Credit: 8000 for goods in stock
10. Borrow: Profit or loss of property to be disposed of 2000
Credit: 2000 for goods in stock
Borrow: Overhead 2000
Credit: Pending Property Gains and Losses 2000
Balances of each profit and loss account:
As follows: the profit of the year is 32500
Credit: Cost of main business 8000
Non-operating expenses 500
Management fee 4000
Selling expenses 20000
Borrow: main business income 35000
Non-operating income 1000
Credit: Profit for the year 36000
Carry forward the profit of the current year to the profit distribution.
Borrow: Profit for the year 3500
Credit: Profit distribution 3500
How the balance sheet is prepared.
Assets = Liabilities + Owners' Equity.
That's all for today, if you like my content, remember to like and collect it, and we'll continue to share with you tomorrow how to deal with the balance sheet analysis.