FUNDAMENTALS OF ACCOUNTING AND FINANCE

QUALIFIED PRACTICE NO. 3

Student's name:
Student code:

It is important to note the following:

According to article 46 of the Disciplinary Regulations, any evidence of plagiarism, during or after the evaluation,
shall be considered as the result of the evaluation.
Plagiarism is considered to be the copying of partial or total information from information sources or internet
pages, copying the work of another group, student, teacher, or consulting a person external to the university.
In the cases referred to in the previous paragraph, if the offense is proven, the student will receive a grade of (0A)
as the final grade for the course, without prejudice to receiving the corresponding disciplinary sanction.

Dear student: you will have 90 minutes to complete this graded practical. The following are the
questions to be solved:

Question 1 (2 points)

Read the following question and answer in the box below: What is the Journal and what is the first
entry to be recorded?

The Daily Book is where the commercial operations of a company are recorded every day in
chronological order. The first entry to be recorded is the opening entry.

Question 2 (6 points)

Read the following information and prepare the Inventory and Balance Sheet Book of the company
called "Question 2":
The company EL CARMELO S.A.C. restarted operations on January 01, 2020 with the following
information

1.-Possesses
SUBTOTAL TOTAL
23,000.00 24,000.00
Invoices receivable Bills receivable 1,000.00
Cash 1,500.00 25,000.00
Money in current account 23,500.00
Merchandise 13,100.00 13,100.00
1 Vehicle at 15,000 each 15,000.00 30,600.00
One Building 20,600.00
Depreciation -5,000.00
TOTAL: 92,700.00 92,700.00
2.- Debt
8,000.00 11,500.00
Invoices payable Bills payable 3,500.00
Loan obtained from BCP to L/Term 25,000.00 25,000.00
Account payable to company linked w/pla 2,500.00 2,500.00
Capital stock 35,000.00 35,000.00
Additional capital 2,000.00 2,000.00
Accumulated results 16,700.00 16,700.00
TOTAL : 92,700.00 92,700.00

Question 3 (3 points)
Read the following information and prepare the purchase entry for the company found in the ho called
"Question 3 and 4":
The company PERLA DEL SUR SAC with RUC 20909090909, is engaged in the purchase and sale of
compu performed the following operations:
a) On 02-01-2020 Purchase of goods for 22,200 including VAT, FT-001-451. 60% is paid by bank
transfer and the balance on credit.

Question 4 (3 points)
Read the following information and prepare the company's sales entry found on the sheet labeled
"Question 3 and 4":
The company PERLA DEL SUR SAC is dedicated to the purchase and sale of computers, has carried
out the following operations:
b) On 01-03-20 the purchased merchandise is sold at 35,000, plus IGV, according to FT 001-151, rec
transfer for S/. 30,000 and the difference to credit 15 days. Cost of sale S/ 18,000.

Question 5 (6 points)
Read the following information and record in the general ledger in the spreadsheet named 5", the
following accounting entry:
FORMAT 5.1: "JOURNAL".

PERIOD: Sep-20
RUC: 205050
SURNAME AND FIRST NAME, DENOMINATION OR COMPANY NAME: Plaza Ve

REFERE

CORRELATIVE NUMBER OF THE ENTRY OR UNIQUE DATE OF THE GLOSS OR DESCRIPTION OF THE
CODE OF THE TRANSACTION OPERATION TRANSACTION BOOK OR
REGISTER CODE
(TABLE 8)

1 1/9/2020 For the opening of the fiscal year 3

1 1/9/2020 For the opening of the fiscal year 3
1 1/9/2020 For the opening of the fiscal year 3
1 1/9/2020 For the opening of the fiscal year 3
1 1/9/2020 For the opening of the fiscal year 3
1 1/9/2020 For the opening of the fiscal year 3
the company,
it will annul

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rmation:

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and has

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50505 to SAC

NCE OF THE OPERATION ACCOUNTING ACCOUNT ASSOCIATED WITH THE TRANSACTION MOVIM

SUPPORTING
SEQUENTIAL
DOCUMENT CODE DENOMINATION MUST
NUMBER
NUMBER

104 Checking accounts in financial institutions 25,000

121 Invoices, bills and other vouchers receivable 3,450
201 Merchandise 15,600
421 Invoices, bills and other vouchers payable
501 Capital stock
591 Undistributed earnings
44,050
Inventory and balance sheet ledger

ACTIVE

Current Assets
Cash and Banks 25,000.00
Marketable securities
Trade accounts receivable 24,000.00
Accounts receivable from related parties
Other accounts receivable
Stocks 13,100.00
Prepaid expenses
Total Current Assets 62,100.00

Non-Current Assets
Long-term accounts receivable
Long-term accounts receivable from related parties
Other long-term accounts receivable
Permanent investments
Property, machinery and equipment (net of depreciation) 30,600.00
Intagible assets (net of accumulated amortization)
Deferred income tax and deferred income taxes (Assets)
Other Assets
Total Non-Current Assets 30,600.00

Total Assets 92,700.00

 LIABILITIES AND EQUITY

Current Liabilities
Overdrafts and bank promissory notes
Trade accounts payable 11,500.00
Accounts payable to related parties
Other accounts payable
Current portion of long-term debt 2,500.00
Total Current Liabilities 14,000.00

Non-Current Liabilities
Long-term debt 25,000.00
Accounts payable to related parties
Deferred income
(Liabilities)
Total Non-Current Liabilities 25,000.00
Total Liabilities
39,000.00

Net worth
Capital 35,000.00
Additional capital 2,000.00
Investment shares
Revaluation surplus
Legal reserves
Other reserves
Accumulated results 16,700.00
Total shareholders' equity 53,700.00

Total Liabilities and Shareholders' Equity 92,700.00

FORMAT 5.1: "JOURNAL".

PERIOD: Jan-20 TRANSACTION REFERENCE ACCOUNTING ACCOUNT ASSOCIATED WITH THE TRANSACTION MOVEMENT
RUC:
CORRELATIVE NUMBER OF THE 20909090909
DATE OF THE
ENTRY OR UNIQUE CODE OF THE GLOSS OR DESCRIPTION OF THE TRANSACTION SUPPORTING DOCUMENT
OPERATION
SURNAME AND FIRST NAME,
TRANSACTION DENOMINATION OR COMPANY BOOK OR REGISTER CODE
SEQUENTIAL NUMBER NUMBER CODE DENOMINATION MUST HAVE
NAME: (TABLE 8)

1 1/2/2020 For the purchase of goods 8 1 FT-001-451 6011 Merchandise S/ 22,200.00

1 1/2/2020 For the purchase of goods 8 1 FT-001-451 4011 IGV S/ 3,386.44

1 1/2/2020 For the purchase of goods 8 1 FT-001-451 4212 Issued S/ 18,813.56

1 1/2/2020 By the destination of the goods 8 2 FT-001-451 201 Merchandise S/ 22,200.00

1 1/2/2020 By the destination of the goods 8 2 FT-001-451 611 Change in inventories S/ 22,200.00

1 1/2/2020 For payment of goods 3 FT-001-451 1031 Cash in transit S/ 13,320.00

1 1/2/2020 For payment of goods 3 FT-001-451 1041 Checking account S/ 8,880.00

1 1/2/2020 For payment of goods 3 FT-001-451 42121 Trade accounts payable third parties S/ 22,200.00

1 1/2/2020 For payment of goods 3 FT-001-451 1212 Invoices, bills and other payable vouchers S/ 22,200.00

2 1/3/2020 For the sale of merchandise 14 1 FT001-151 1212 Invoices, bills and other payable vouchers
S/ 41,300.00

2 1/3/2020 For the sale of merchandise 14 1 FT001-151 4011 IGV 6,300.00

2 1/3/2020 For the sale of merchandise 14 FT001-151

1 7011 Merchandise S/ 41,300.00

2 1/3/2020 14 2 FT001-151
For the cost of goods sold 691 Merchandise S/ 18,000.00

2 1/3/2020 14 2 FT001-151
For the cost of goods sold 20111 Merchandise S/ 18,000.00

2 1/3/2020 2 FT001-151
For the cost of goods sold 14 1041 Checking account S/ 30,000.00

2 1/3/2020 FT001-151
For the collection of the goods 1 2 1032 Checks in transit S/ 5,000.00

1/3/2020 FT001-151
2 For the collection of the goods 1 2 1212 Invoices, bills and other payable vouchers S/ 35,000.00

1/3/2020 FT001-151
2 For the collection of the goods 1 3 1041 Checking account S/ 41,300.00

1/3/2020 FT001-151
2 For the collection of the goods 1 3 1212 Invoices, bills and other payable vouchers S/ 41,300.00

TOTALS S/ 116,500.00 S/ 116,500.00

PERLA DEL SUR SAC
FORMAT 6.1: "GENERAL LEDGER
PERIOD: Sep-20
RUC: 205050505050
SURNAME AND FIRST NAME, DENOMINATION OR COMPANY 5
NAME:
Plaza Vea SAC

CODE AND/OR NAME OF THE ACCOUNTING ACCOUNT (1) 501

DATE OF THE CORRELATIVE NUMBER OF DESCRIPTION OR GLOSS OF BALANCE
OPERATION THE JOURNAL (2) THE OPERATION DEBTOR
1/9/2020 1 For the opening of the fiscal year

TOTALS 0

CODE AND/OR NAME OF THE ACCOUNTING ACCOUNT (1) 591 Utility

DATE OF THE CORRELATIVE NUMBER OF DESCRIPTION OR GLOSS OF BALANCE
OPERATION THE JOURNAL (2) THE OPERATION DEBTOR
1/9/2020 1 For the opening of the fiscal year

TOTALS 0
tes in financial institutions S AND
MOVEMENTS
CREDITOR

and other vouchers receivable

S AND MOVEMENTS
CREDITOR

Merchandise
S AND MOVEMENTS
CREDITOR

s and other vouchers payable

S AND MOVEMENTS
CREDITOR
21,500

21,500

Capital Stock
S AND MOVEMENTS
CREDITOR
 10.550

10.550

unallocated assets
S AND MOVEMENTS
CREDITOR
12,000

12,000