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several exercises of accounting and economics

1. You must write the following business letters.
LIBER, S.A. is dedicated to the distribution of all types of books and school material to stationers and bookshops. It has its offices and warehouse in Leganés (Madrid), calle Bilbao, 35, C.P. 28914. During the month of March it sends and receives various letters signed by the manager Noe Argensol. He writes each one of them complementing the missing data:

a. On the 4th they wrote to EDITORIAL MONTORO, of Bilbao, calle Delicias, 123. They ask for the urgent shipment of the books they requested by means of order number 59, dated January 15. They are informed that they need to receive them within one week, otherwise they will cancel the order.
b. EDITORIAL MONTORO answers to the distributor. By means of the letter dated 8, they explain them that they have had a serious breakdown in one of the presses, which has caused all the customers’ orders to be delayed. They apologize for the delay and inform them that the books they claim were sent the day before by Renfe. They send the consignment note so that LIBER, S.A. can collect them.
c. LIBER, S.A. writes on the 10th to its supplier PAPELMEX, a manufacturer of notebooks and other school materials, which resides in Huelva, calle Ricos, 56. They are notified that they have returned a consignment of 100 notebooks reference CPX120, and 50 folders reference CPX-122, because the aforementioned material has stains that make it suspiciously wet. They are asked to replace them urgently.
d. PAPELMAX answers on the 16th to LIBER, S.A., and informs them that on the same date another shipment of material will be sent. They apologise for what happened and explain that the transport agency is entirely responsible for not taking due care of the packages. They assure them that it will not happen again

1-You should look for a news item in a digital newspaper and comment on it. You must attach the link to the template of the news item you have chosen to comment on. The comment must contain at least 200 words.
2-Look for one of the spelling rules and explain it in your own words. Don’t forget to give examples. Quote where you have obtained the information.

exercise 2

1. Prepare the organisation chart of a company based on the following data and answer the questions.
a) This is the analysis, general, functional, personal, visual and vertical organisation chart of the financial department of a company, at the head of which there is a manager.
b) The department is divided into three sections: payroll section, investment section and accounting section. At the head of each section there is a section manager. At the time of designing the organisation chart, the post of head of the investment section was vacant.
c) In each section there is an administrative officer, except in the accounting section, where there is an administrative assistant with a lower hierarchical rank than the officers.
d) In this department there is a legal advisor who gives support as a consultant to the head of this department.
e) If any of the administrative officers have any doubts, to whom should they turn in each case? And in the case that a head arises?
3. explain in detail, as in the activity of the previous flow chart, the items you used to make it. You should be creative, not copy the one from the first activity.

Exercise 3

1. Develop the following case study: Make the warehouse control sheet of the company Mayoristas de Gredos, SA by the FIFO, LIFO and PMP criteria. – –
1 Article: DVD mod. GW. Ref. 100 DVD. Supplier: Vídeo SA.
The movement of the goods was as follows:

1st January: Initial stock 100 units valued at 150 euros/unit.
12th February: Purchase of 100 units at 160 euros/unit.
28th February: Sale of Resonic, SL of 150 units.
19th April: Purchase of 250 units at 130 euros/unit.
May 30: Purchase of 100 units at 140 ? / unit.
October 15: Sale to Silex, SA of 310 units.
December 12: Purchase of 300 units at 115 ? / unit.
December 15: Return to supplier of 100 units of the purchase of December 12.

Exercise 4

Different economic transactions of a company are provided to develop the Day Book model. Note which entry you are working on, you will have to identify the assets involved in the transaction by noting the account number corresponding to the PGC and finally note the monetary amount where it corresponds to Debit or Credit. (Use template), remember to check the print view for a correct visualization of the exercise.
a. a. Merchandise regularisation entry with the data provided.
b. VAT regularisation entry (31/12).
c. Income and expenditure regularisation entry. (129)
d. Closing entry. Those financial years that are not visible on the same page of all the elements of the logbook will be penalised.
2. Carry out the transfer of economic transactions to the General Ledger (“t”), calculate the balance of each account and select debit balance or credit balance. PDF required. (Use template)

Economic transactions for accounting (day book and general ledger) 1.
On 3 April you buy goods for an amount of 3,100 The invoice shows a commercial discount of 130 euros; the transport costs included in the invoice amount to 140 euros; you are also invoiced for packaging with the option to return it in the amount of 300 euros; this is a credit transaction, with 21% VAT.
2. On 5 April you return goods to the supplier in the amount of 600 ?, plus 21% VAT.
3. He informs the supplier on 15 April that he is returning all the packaging.
4. He pays the supplier on 10 May by bank, for which he grants a cash discount of 70 ?, plus 21% VAT.
5. On 13 May he buys a van worth 25,000 euros, plus 21% VAT. This operation is carried out on credit with the supplier in the short term.
6. On 17 May he sells goods to the value of 4,500 euros, granting a discount of 110 euros on the invoice. He hires a company for the transport, for which he pays by cheque 85 plus VAT and charges the customer the transport cost. Operation on credit, 21% VAT.
7. On May 21, the bank pays the interest on your current account, which amounts to 120 ?.
8. On 25 May, you pay the bank the rent for the premises, which amounts to 1,400 euros, plus 21% VAT.
9. On 29 May he buys goods on credit for an amount of 2,460 Euros; the invoice shows a commercial discount of 80 Euros and the insurance premium contracted for the transport amounts to 60 Euros, which appears on the invoice, with 21% VAT.
10. Pay on 7 June, by bank, the electricity bills, the sum is 160 Euros plus 21% VAT, and the telephone bill is 120 Euros, plus 21% VAT.
11. On 28 June, he sells goods for cash for an amount of 3,600 euros, gives the customer a discount for immediate payment of 70 euros, plus 21% VAT.
12. On 11 September he buys a computer valued at 1,700 euros and a management computer application valued at 300 euros plus 21% VAT ; he buys on short-term credit. 5
13. On 23rd October, he pays the insurance policy for the premises by direct debit, amounting to 183 euros.
14. On 14th November it sells goods on credit to the value of 1,256 euros, plus 21% VAT.
15. On 16 November we hired the services of an architect to review our premises, VAT at 21%. We left the payment pending.
16. On 12 December we pay the electricity bill which amounts to 120 euros plus VAT of 21%, paid by bank transfer.

a. He makes the VAT regularisation entry at the end of the year.
b. Goods regularisation entry: i. Initial goods 300 ?. ii. Final goods 560 euros.
c. Make the entry for regularisation of expenses and income. (129) 6 Activity Recovery M5 UF2

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