We provide you with the balance sheetof a Spanish company at the end of the year. The company carriedout its accounting according to the PGC 2007. You have to analyseeach of the items and specify which group of the Chart of Accountsthey belong to and the specific coding that corresponds to itaccording to the Chart of Accounts of the General Accounting Planto 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 | € |
