Inventory

Perpetual → normal record

date
Periodic → cost of good sold = record at the end of the Ending
year
Dr Ending inventory
Inventory purchases I
freight C
temporary as )
.

in
=
,

Cost of sold
Return inventory =

purchases return C
temporary are , good
Cr
Discount discant C Beg Inventory
inventory purchases temporary are )
.

Purchases

costin 's
"

Freight to

LAD
send inventory unit
in →
supplier warehouse t more boom
per
out customer
Freight → warehouse to ( Exp -D

*
Record Fifo first in first at return Ex
system When return the newest
n →
. one 2500 t zoo
,

2 .
Lifo → last in last out return noo orientation
unit unit
Bp total
S .
Wac →
Average EX .
700 100 90,000
arcs 2005N

specific
→

Logo13%
¢ SID bus

!
→

↳
Average
Account receivable

Is methods e.) Percentage of sales

=
sales revenue x uncountable percentage Doubtful account
expense
=

( Actual deduct money )

Write off <

Allowance for doubtful account from last
year

XXX ←
Doubtful account expense

←
Allowance for doubtful account at the end of this
year

2.) Percentage of account receivable

AIR x un collectable percentage

-

Allowance for doubtful account at the end of the

gross year
.

( Actual deduct money )

Write off <

Allowance for doubtful account from last
year

←
Doubtful account
expense

XXX ←
Allowance for doubtful account at the end of the
year

) of account recievable
s .

Aging
AIR for of
= each
period x
percent each
period
Ex Not 5%
yet due 629000 37,00
=
.
x

o S M 5000
)
100,0W 8%
total
× a
-

107,000
=

S b M X 70%
280,00 28,000
-
a

×
ft M 200,000 20T .
=

40,000

( Actual deduct money )

Write off <

Allowance for doubtful account from last
year

←
Doubtful account
expense

107,000 ←
Allowance for doubtful account at the end of the
year

General journal

xx Dr Allowance for doubtful account 0

}
* xp
off
-

write
-
.

Cr .
Account retrievable o

37 12 Xi Dr Doubtful account
expense 10900 } doubtful that will
- -

money
.

G. Allowance for account not receive

doubtful yoga
MI Weeknd MO-rsbbsnd-UA.me no -0651 ein write off ocniho 663> inamorato Record hour

Dr .
Account receivable xx

Cr .
Allowance for doubtful account xx

Dr . Cash XX

Cr . AIR XX
P.PE
4 methods

1.) method
Straight-line
cost residual value Ex Cost
1,000,00
= -

useful life Residual →

gogooo
Useful life
7,009000-70900--909000
9
a years
2.) Double -

declining method
-

fast
accumulated depreciation ) xacceleratedratem
www
'

↳
Ex Cost
.
1,250,00
Residual 250,000
→
n
7,250,000 0.4 5090W
year
=
x

Useful life 5 2
750,000 0.4
years 300,00
× a

3 450,000 X O 4
180,000
-
.

4 270,000 X 0.4 a

708¥
#
I 9542195ohm -
sisrsroeunohnh residual value

¥ (270,000-280,000)/2 210,000
ptrice
( net -
residual ) retaining useful life

5 .

70,000

3.) Sum of the 's

digits method
year
- -
-

=
l cost -
residual value ) × IEyeI
sum of every year → useful life 5 1+2+344+5 75 #
years
a z

Ex Cost
.
1,250,00
Residual
-250,000 )
→
250,000 I
year
I
7,250,000 x
Ffg 333333.34
-
.

Useful life 5 ( )
years 2
1,25900 259000
x
4¥
-

266,666.66
-

4) Unit of method
production
-

C Actual rate unit )

usage
x
Depreciation I per
=

,v
miles cost-res.io
usage per year total miles

Ex Useful life C units ) Yearn

.

280,000km .

50,000
x

1,250,0W
-

20900

Year 7 50,000 km 289000

2
65,000 km 50,000 x3.57My
=

↳ the
s
55,0A
km must
put in

4 km calculator C Mt )
58,000
=
5
52,000 ten 778,572
Changes of useful life
uuuuuuiuuuuw

Ex cost Date of
.

3250,00 change or -
or -
Xs

residual value
259000 residual value of
change to 7090W
5 useful life of 8
year years years
method method
depreciation :
straight line

Ans Accumulated Carry anant

www
.

Depreciation expense depreciation

20×7 209000 209000 3050,000

20×2 20900 4090A 850,000

20×3
725,000 525,00 729000

If sales → Dr Cash
gain on .

Accumulated depreciation
Cr . Truck

Gain on sales of truck C Reve )

If loss on sales → Dr . Cash

Accumulated
depreciation
Loss sales of truck C )
Ego
's
on

Cr .
Truck
Debt financing C Band )
gaseous tssuow

N number of total
period
=

Ily percent I
period
.

per year
PV a
Present value =
need to find

PMT Periodic payment interest

period period
. =

per expense per

FV -
Future value valve
par
a

Stated interest rate rate that to customer

ya give
-

Market interest rate .

other competitor rate
*
If market rate over the stated rate : bond discant

If market rate under the stated rate : bond

premium

Ex .
Par value 3000,000 Stated rate no %
per year
Issuance date Interest
a on Xi
payment period semiannually
- -

Maturity date 31-12 x5 Market interest rate 12%

per year
-

Life 5
years

N IN PV PMT FV

6%
TO 926,399 50,000 7,0090A

01 Dr Cash
on Xi
926,399
-
-

Bad discount contra ↳ Lt 73,607

Cr Bad
payable 1,009000
.

Dr Interest

Lt
Lj
30-06 xn
expense 57,960
-
.

Cr Cash
.

5900
Bad discant Katra ) 7,360
Dr Bad
37-12-+5 .

payable 300g oar

Cr Cash
3009000
.

Ex Par value Stated rate

not
.
3000,000 .

per year
Issuance date Interest
a on Xi
payment period semiannually
- -

Maturity date 31-12 x5 Market interest rate 8 to

per year
-

Life 5
years
N IN PV PMT FV

TO 4% 59000
7,087,709 7,000,000
07-01
-

Xi Dr .
Cash 3087,709
Cr Bond
payable 7,009000
.

Bad Cadgmottgt )
premium 81,109
so Dr Interest
-06 Xi
expense 43,244
-
.

Band C
Adjunct ↳ )
premium 2-
6,756
Cr Cash
.

50,000
Dr Dad
3h12 X5
payable 7,00400
-
.

Cr .
Cash 9,009000
 Equity financing
Shares issued at shares of at Dl
par 7,00g
ooo no
par ordinary price no

Dr Cash C At )
on on Xi
70,000,000
-
-

Cr .

Ordinary shares C Et ) 70,000,000

Shares issued at shares of at $

premium 7,00g
ooo no
par ordinary price
iz

on -
or -
X1 Dr . Cash C At ) 72,00900

G. shares CET )
Ordinary 10,00900
Shares LET )
premium 3009000

Shares issued at discount shares of at $

7,00g
ooo no
par ordinary price s

01 -
or -
Xi Dr .
Cash C At ) 8,000,000

Share discant
2,000,000

Cr .

Ordinary shares 70,000,000

Dividend

7 NT board declare dividend record Dr Dividend CE )

Dividend
.
.

Cr Dividend
.

payable CLT )

ri i dividend to shareholders record Dr

payable let
paid
2. .

Cr . Cash CA -7

Cumulative dividend rights

i. Cumulative preferred = Not shores Now
tloineradbodoaynnydd
2. Non cumulative preferred a to shares certain ①
and
bad
s .
Ordinary =
Not shares

Legal reserve

↳707 .
of
registered capital need to collect in legal reserve

Every year that has

profit at least 5% of net profit to to
need
go legal reserve

Company A Number of shares

ordinary issued 300g
ooo

Statement of Equity Par value baht shoes

changes in no
per
For the ended December Issue baht shoes
year
si
,
20h
price 92
per
Unit : Bath Number of shoes held in treasury 59000
Cost of treasury shores 75 bath shoes
per
Profit for the 2,509000
year
Dividend declared 509000
Share capital Retain earning Treasury Total

ordinary premium Appro Unappw

Beg Bk
O
o 0 o o o

+ Share issuance 79000,0A 2,000,000 72

,
ooo
,
ooo

Profit for the

2,509000
+
year 2,00g ooo

legal 125,00 425,00 ) O

dividend Gog ooo ) Csogoa )

Is
Treaty goa ) Gogo
-

(4-50,00)
BK
Finding 70,000,00 2,000,0W 725,000 7,875,00 73,259000
 Treasury muumuu
Share
awwww
Issue at is 1$
per
share at shares
333,233

1st step Dr .
Cash C At )
5,009000

)
capital (
( Issue share Cr Share Et )
.

5,000,000

C Tst
2nd step Dr .
Treasury share
,
E I -

3,000,0A

( Buy back shoe ) Cr . Cash C At ) 3,009000

3rd step Dr .
Cash ( At ) 750,000

)
again )
C Sold Cr CTS
.

Treasury share ;
Et
tsgooo

4th step Sold at 18 Dl share with

bgooo shares
per
Dr Cash
( sold with profit ) . C At ) 7,080,000

Cr .

Treasury share CTS -

Et ) 909000
,

C Et )
Premium treasury share 708,000
"

of treasury
"
5th shares Bleach
step reissue
4g ooo at no

Gold with discant ) Dr cash # note rinbsnrno treasury share oiososoons

.

409000 mangos

treasury n4sH5on boot rinds also

Premium share C E I
908,000 treasury share snowdon
-

RETURN EARNING CE -7 72 , ooo oToGsBesndoq% Return

earning
unrurueew
snow

Cr .

Treasury share 600,000

 ↳
Investments
iimdlebtra.vn#legyuiitny
uuuuurrunnnruurrnw

Investor
gases
⑥ Investment in debt
financing ① Held to maturity date Ex .
5
years
Fi -

so record non -

current asset

Bord ② Aviable for sales asset 84 current

payable current
• a
→
•

Broads
!.•@

Iitgewst
•

Bad discount I .
③ current asset
premium Trading

y
→

expense

A B
Company Company
Issuer Investor
unum awwww
^

'¥/
A
"

①
Share
sina.es
capital
* # #
Preferred shares Dividend revenue ① Trading → current asset

shares ② Avi able for sales current asset

Ordinary →

Dividend ③ Associate
uuuuuw

Teasing shares @ Joint venture

⑤ Subsidy
1. Held to maturity date C HTM )
uuuuwuuuruuruur
-

only in debt financing

financial

@
-

current vs non -
current in statement
a
Ex .
42 HTM → I 7 2 s 4

Nc No -

I
baton I a current

Day that we invest

I
Dr Investment in HTM ( AD
or on Xi
7,029,129
- - .

Cr Cash ( A I
1,099,129
-

37 -

09
-

Xi Dr .
Cash C At ) 72,500

Cr . Interest revenue
79797

Investment in HTM CA -7 2,809

37 -

12 -
XZ Dr .
Cash I At ) 7,0090A

Cr . Investment C A -7 300900
r

Statement of financial position

57 -

12 -
X1

Asset

Current asset ago , @ or Invest in HTM Yalow

Investment in HTM
,
at amortized
3009,755C

Statement of comprehensive income

For the ended December

year 31,20×2

Revenue
'

Interest Coin effect interest

revenue
40,625 revenue

+ Farid
clay )
 2.
Trading
awwww
security oroonoko Trade
"
nooooo = current asset C TRD )

9d9dmsmw?B
"
*
68ms trade
Report at its market value

of
EX .
On Nov . I
,
20×7 Company A purchased a
portfolio 73500
Baht

on -
in -
H Dr . Investment in TRD C At ) 17,500

Cr Cash CAT
.

13500

of of
On Dec . 37
,
20×7 Company A trading securities had a total cost
91,500 and market value as
,
ooo

37 -
rz -
a Dr . Market adjustment far TRD C
Adjunct Ayat ) 7,500

Cr .
Unrealized
holding gain from TRD C Reve )
7,500
"

Earbuds figs
"

beeston 65780456650 value arc , Market

If loss from
loss C
Expt ) 3500
Dr TRD
win
.
Unrealized holding
for TRD
Cr .
Market adjustment Centra At
,
A- I
1,500

Statement of financial position

As at December si 20×2
,

Asset

Current asset

Investment market value

in
trading security ,
at
93,000

Statement of
comprehensive income

Revenue

Interest I Dividend revenue XX

Expense
-

Gain floss

unrealized holding gain -

Trading 7,500

3 .
Available - for - sale securities

can be as
qqrqtuuasggt
noncurrent
and also
by judgement
" "
Unrealized holding gain
floss will report in Other
comprehensive income

Ex .
Cost Market value Unrealized Market value - cost

bonds C )
improve 30,000
-

29,050
=
950 a

gain
floss

intel common stock Share

43,000 2500
500
45,500
- a

01 -
or -
in Dr . Investment in AFS C At ) 73,000
Cr . Cash CA -
) 73000

37-12
-

X1 Dr .
Market adjustment for Afs C Adjunct ASAD 7,550
Cr . Unrealized holding gain from Et )
1,550
,

AFSCOCIT
Statement of financial Statement of
position comprehensive
As at December si income
sexy
,

Asset Revenue

current asset Interest I dividend revenue XX

Investment in a viable for sales

security at market value 74,500 Expense -

Non current
} by Judgement EBIT

Investment for sales at value Profit for the

in a viable
security ,
market 74,500 year
Other
comprehensive income

Net unrealized
gain 9750
 €tf
calmed
car
Bf
rr-eeo.meiibiicatiio.nl
earnt
'

1. Restricted cash : cash that held for specific

uuuuuuuw www purpose
↳ can be as current or non -
current asset

2. Bank overdrafts : write check that more than their amount in Bank account bank tended
company a so
win muumuu ,

[
the far Ex Company bank account 4 million
money company .

Check for 5 million

So Bank for n min

' pay ; a

Bank overdrafts c ↳

3. Cash equivalents : cash equivalents are short - term , highly liquid

wyw
wuuuw

-0T
v
@ I BTW cash
equivalents Motoko
stands
current asset 7) .
otros Goran between or

2) .

Agathe not s bother

* #
note NT Investment in HTM bufostocnasbdouoianonei.IN cash
equivalent
uuuuw

Statement of financial
uuuuuuuer in awwww
position murmur

Asset

Current asset

Cash and cash equivalent

Short -

term investment -
restricted cash

Nor -
current asset

Long
-

term investment -
restricted cash

Liabilities

Current liabilities

Bank overdrafts

Internal control for cash

unnerve Leeuw w www

665mL Bank
? Adjustments
W www
to bank
wine
balance accent

i. n
Deposit in transit →
Bank odd
process

Outstanding checks

bsrohetduo-obbmofnoiiatddla-F-woooy.rs
1.2 →

Bah Bank error → record In

2.
Adjustment to boon balance 665mL ledger accent
w www www

Banh Not receivable voids sdioiovqia

2.7
Deposit by →

General journal Dr Cash CAD

.

5900 }MN6&smd cash 66mW

Cr . Notes receivable CA -7 5000

2.2 Interest earned → Toi interest @ nmsehn Bank

Dr
General yamal .
Cash CAT )
9,500
G. Interest C Reve )
revenue 7,500

Services charges dried 926650 bboietsslloeinann Book account

2. s → services
charges
General yannal Dr Service
Expt)
C
.
charges 500

Cr .
Cash C At ) 500
 4. NSF check No sufficient fund → ofomsndbsnwonsinwsdzobsnuooo.nl torsos '

www approve

6@coTosPWNd6S7WonooncurnuecuuwEx.b
768MW Tier @
unuuurw
4,000
wow
664780429
www.urv

Cash
ledger account

Beg BK
20,000 Cash
paid 15,000
Cash relieve
50,000

BIL book
per 55,000
t
# EEEEEInE
y
Bk
per book 55,000 General yamal Dr .
Account recievable CAT ) 4,000
-
NSF check ( 4,000 ) Cr .
Cash ( A -7 4,0A

Bk After reconciliation
51,000

5. Book errors
www

Ex Book record revenue ended 45,000 DIL boon 79000

.

per
General gamal Dr .
Cash C At ) 45,00 + Banh error Go ooo
,

G. Sales revenue l Reve ) Dk After reconciliation

45,00 55,000
Record ndondeortu Bank reccncil
Dr Cash CAD Dr AIR cA⇒
6601103cg
. .

7. Cash 3. Account receivable → mosses NITs Cheech or .

AIR cA→ encases CA )
-

2. Service
charge C
Expt ) 4. Account payable → Book error Ex record

@noubFw4uBanhYNu5oboolesoo4wLedgeDr.A
.

ntundbsnmaooino Ip ←

Medusa barrios @ wish 's Cr . Cash

'

Petty cash ndonnsbbsobiosasow @ Edna @ adore

'

uuuuw
↳ of
part cash Ex .
Dr .

Petty cash CAT )

Cr . Cash CA -7
 seth
Eat
fr
't
⑤ s
parts 4W SCF
www

i. Operating activities : main

operation of business
oesisndtsiondeonv
2)
i. n ) None ash items cash Ex Depreciation expense
} ggg eggs SCI
.

& aiondeonu orbs

1. Non
operating items OCF
gain from selling Ppe
↳ rin Decrease

@roTosuonbTn9dnTIncreaseoToooo1.s
)
Change in current asset and
liability gain SFP

↳ rin

tries
tunics
current asset T 68 'd besides =9 dado
→
positive onto on Ex AIR → cash cash

Huw
www um

bats AIR to cash

→
negative
awww win
on → into

57 current aid Outshone of

positive T Ex bands cash
liability → AIP =
→
awwww

→
negative AN AP on →
choosing =
Talk
v www aw

2. Investing activities :
iondeonomsooqrw solar Debt I
Equity seqwity long term asset Ex
, ppe
.

How Additional informatics

origan

activities rodeo I For bolas Banh loan financing notes

s .

Financing : coriums
,
Debt financing , Equity , payable
gon Additional information readouts
*
Interest be OCF FCF 575
expense can as
,

OCF rios record Ow changes in current asset I

liability
FCF orig record 4N OCF : nonoperational items

bio steer cash paid for interest → Interest Interest

expense expense pay
-