Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

BAO2202 Financial Accounting

tag 0 Download 10 Pages / 2,432 Words tag 07-09-2021

Questions:

Exercise 1: Financial Statements: Balance Sheet And P&L:

You start a Business with a Company called Sweet Dreams that produces software in Jan 2017.

Build a Balance Sheet and P&L of the company Sweet Dreams for each period from January to June 2017 (included) according to the following transactions:

  1. January: The business starts in January with 3.000.000 EUR in capital and Liabilities (loan capital) of 1.000.000€
  1. February: The company buys furniture for 3.600€ with an amortization period of 3 years. Include the depreciation starting in February.
  1. March: The company starts to pay monthly rental for 2,000€, salaries for 100,000€, and monthly loan interests of 5000€.

Also the company Sweet Dreams pays interests (5.000€)

The company sells software for 25,000 € with a Payment term of 30 days.

  1. The next month April, Customers transfer to our Bank account the 25,000€ from last month but there is no additional sales. The company pays as each month, the monthly salaries, interest and rental we specify in March. Check if you need to include depreciation.
  1. May: The company sells 50,000€ with a customer payment term of 30 days. The company pays as each month, the monthly salaries, interest and rental we specify in March. Also, check if you have depreciation costs.
  1. June: Sweet Dreams collects 50.000€ from its customer from the previous month.

The Company Sweet Dreams spends 8.000€ in a marketing campaign with an agency payable in 30 days. The company pays as each month, the monthly salaries, interest and rental we specify in February. Also, check if you have depreciation costs.

What is the resulting balance sheet and P&L at the end of each month until June (included)?

Exercise 2 Theory

  1.  Q: Define what Financial Accounting is
  2. Q: List the Financial Statement reports and describe each of them
  3. Q: Describe what is the difference between each Financial Statement reports and how they are linked together
  4. Q: Describe what is the difference between revenue, profit and cash
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 10 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). BAO2202 Financial Accounting. Retrieved from https://myassignmenthelp.com/free-samples/bao2202-financial-accounting/define-what-financial-accounting-is.html.

My Assignment Help (2021) BAO2202 Financial Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/bao2202-financial-accounting/define-what-financial-accounting-is.html
[Accessed 30 January 2023].

My Assignment Help. 'BAO2202 Financial Accounting' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bao2202-financial-accounting/define-what-financial-accounting-is.html> accessed 30 January 2023.

My Assignment Help. BAO2202 Financial Accounting [Internet]. My Assignment Help. 2021 [cited 30 January 2023]. Available from: https://myassignmenthelp.com/free-samples/bao2202-financial-accounting/define-what-financial-accounting-is.html.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?
close
Subtraction Payment required!

Only one step away from your solution of order no.