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BACKGROUND

We are providing you with the balance sheet of a Spanish company at the end of the year. The company carried out its accounting according to the PGC 2007. You have to analyse each of the items and specify which group of the Chart of Accounts they belong to and the specific coding that corresponds to it according to the Chart of Accounts of the General Accounting Plan to each entry.

Once all the accounts have been coded, create the closing entry for the company.

	ASSETS				LIABILITIES
Non-current assets				Net equity
Intangible fixed assets:				Equity capital:
Industrial Propriety		40.500		Capital Social		3.000.000
Cumulative depreciation II		-5.000		Legal reserve		348.180
Tangible fixed assets:				Profit and Loss		158.810
Constructions		3.900.000
ICT Equipment.		9.000		Non-current liability
Furniture		70.000		Long-term debts
Transport		35.000		Long-term debt to institutions.		710.000
Cumulative depreciation IM		-122.000
				Current liability
Current Asset				Short-term debts
Stock:				Short-term debts to institutions.		38.000
Goods		62.000		Suppliers		200.000
Impairment loses		-1.150		Creditors		3.560
Debtors:
Clients		236.200
Short-Term investments
Short-term investments (shares)		9.000
Liquidity:
Banks		225.000
TOTAL ASSETS		4.458.550		TOTAL LIABILITIES		4.458.550

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