Documentos de Académico
Documentos de Profesional
Documentos de Cultura
The following are taken from the ledger of MORALES Services for the year ended December
31, 2014
Instructions:
(1) On the space provided on the paper, put appropriate marks on the Marks Columns.
Use GREEN pen for Assets, RED pen for Liabilities, VIOLET pen for Revenue/Expenses,
BLUE pen for Capital/Drawing
Marks are as follows:
( * ) SFP- current assets, ( # ) SFP - non-current assets , ( + ) SFP- current liabilities
( X) SFP -non-current liabilities, ( $ ) IS- Revenue , ( O ) IS-Expenses ,
( @ ) SCOE - Capital/Drawing
(2) Prepare the following:
a. Step 1 : On Worksheet #1 - Notes to Financial Statement ( Note 1-Other
Income, Note 2: Depreciation Expense, Note 3: Finance Cost , Note 4: Trade and Other
Receivables, Note 5: Prepaid Expense, Note 6: Property, Plant and Equipment, Note 7: Trade
And Other Payable)
b. Step 2: On Worksheet #2 -left side - upper portion - Income Statement
c. Step 3: On Worksheet #2 - left side - lower portion - Statement of Changes in
Owner's Equity
d. Step 4 : On Worksheet #2- Right side - Statement of Financial Position (Report Form)