PC3 9

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
will nullify the result of the evaluation.
It is considered plagiarism the copying of partial or total information from information sources or internet pages,
the copying of the work of another group, student, teacher, or consultation to a person external to the
university.
In the cases referred to in the previous paragraph, if the offense is proven, the student will receive the grade
"nullified" (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 answered:
Question 1 (2 points)
Read the following question and answer in the box below: Explain why it is called an Inventory
Ledger.
It is called inventory book since it details the assets, liabilities and equity with which the company
has, the book is recorded at the close of each taxable year.
Read the following information and prepare the company's Inventory and Balance Sheet Book which
is a spreadsheet called "Question 2": information:
1.-Possesses
SUBTOTAL TOTAL
Invoices receivable 45,120.00 72,775.00
Bills receivable 27,655.00
Loan to Manager 1,600.00 1,600.00
Money in current account 17,100.00 17,100.00
Terrain 28,400.00 28,740.00
2 computers at 2,670 each 5,340.00
2 desks at 1,800 each 3,600.00
Depreciation of machinery -8,600.00
TOTAL: 120,215.00 120,215.00
2.- Debt
Invoices payable 22,500.00 30,975.00
Bills payable 8,475.00
Loan obtained from BCP to L/Term 13,100.00 13,100.00
Compensation x service time 2,650.00 2,650.00
Capital stock 57,640.00 57,640.00
Undistributed earnings 6,100.00 6,100.00
Loan obtained from BBVA at C/Term 9,750.00 9,750.00
TOTAL : 120,215.00 120,215.00
Read the following information and prepare the purchase entry for the company found in the
calculation called "Question 3 and 4":
The company COMERCIAL LILY SAC with RUC 20004512211 is engaged in the purchase and sale
of women's polo shirt sizes S, M and L and has carried out the following operations:
a) On January 15 with Fact 004-7800; merchandise is purchased for S/47,150.00 including IGV
and the cash 25% and the balance through a bank transfer.
Read the following information and prepare the sales entry for the company found in the ho called
"Question 3 and 4":
The company COMERCIAL LILY SAC with RUC 20004512211 is engaged in the purchase and sale
of women's polo shirt sizes S, M and L and has carried out the following operations:
b) On January 17 with Fact 005-777; the merchandise is sold, totaling S/11,245.00, at 30% paid in
cash and the balance by check. The Cost of Sales is S/7,500.00
Read the following information and record in the general ledger found in the spreadsheet called
"Question 5", the following accounting entry:
FORMAT 5.1: "JOURNAL".
PERIOD: Oct-20
RUC: 2040850
SURNAME AND FIRST NAME, DENOMINATION OR COMPANY NAME: LOS ROSAL
CORRELATIVE NUMBER OF THE ENTRY OR UNIQUE DATE OF THE GLOSS OR DESCRIPTION OF THE REFERE
CODE OF THE TRANSACTION OPERATION TRANSACTION
BOOK OR
REGISTER
1 1/10/2020 For the opening of the fiscal year 3
uation,
t, as well as
to
of "zero
tion, te
tates a
enters the
os sheet for
aga al
ja calculation
for
fect to the IGV
1650
ES S.A.C.
ACCOUNTING ACCOUNT ASSOCIATED WITH THE

NCE OF THE OPERATION MOVEMENT
TRANSACTION
SEQUENTIAL DOCUMENT CODE DENOMINATION MUST HAVE
NUMBER
104 urrent accounts in financial institutions 24,540
and other receipts for payments, invoices,
121 12,100
bills, and other receipts for
201 Merchandise 19,400
421 and other receipts for countries with a gar 22,060
501 Capital stock 21,880
591 Undistributed earnings 12,100
56,040 56,040
0
Inventory and balance sheet ledger
ACTIVE
Current Assets
Cash and cash equivalents S/ 17,100.00
Invoices, bills and other vouchers receivable S/ 72,775.00
Accounts receivable, shareholders (partners, S/ 1,600.00
directors)
Total Current Assets S/ 91,475.00
Non Current Assets

depreciation) S/ 28,740.00
Total Non-Current Assets S/ 28,740.00
Total Assets 120,215.00

LIABILITIES AND EQUITY
Current Liabilities
Remunerations and participations payable S/ 2,650.00
Invoice, Bills and other vouchers payable S/ 30,975.00
Financial Obligations S/ 12,370.00
Total Current Liabilities S/ 45,995.00
Non-Current Liabilities
Long-term debt S/ 10,480.00
Total Non-Current Liabilities
Total Liabilities S/ 56,475.00
Net worth
Capital S/ 57,640.00
Accumulated results S/ 6,100.00
Investment shares
Revaluation surplus
Legal reserves
Other reserves
Accumulated results
Total shareholders' equity
Total Liabilities and Shareholders' Equity 120,215.00

FORMAT 5.1: "JOURNAL".
PERIOD:
RUC:
SURNAME AND FIRST NAME, DENOMINATION OR COMPANY NAME:
TRANSACTION REFERENCE ACCOUNTING ACCOUNT ASSOCIATED WITH THE TRANSACTION MOVEMENT
CORRELATIVE NUMBER OF THE

DATE OF THE
ENTRY OR UNIQUE CODE OF THE GLOSS OR DESCRIPTION OF THE TRANSACTION BOOK OR
OPERATION
TRANSACTION REGISTER SUPPORTING DOCUMENT
SEQUENTIAL NUMBER CODE DENOMINATION MUST HAVE
CODE (TABLE NUMBER
8)
1 15.02.20 For the purchase of merchandise 4 7800 60 Buy 39,958.00
1 15.02.20 For the purchase of merchandise 4 7800 40 Taxes, considerations and contributions 7,192.00
1 15.02.20 For the purchase of merchandise 4 7800 42 Trade accounts payable third parties 47,150.00
2 15.02.20 for the sale of the merchandise 4 7800 421 Invoices, bills, other payable vouchers 35,362.00
2 15.02.20 for the sale of the merchandise 4 7800 10 Cash and cash equivalents 11,787.50
2 15.02.20 for the sale of the merchandise 4 7800 42 Trade accounts payable third parties 47,150.00
TOTALS
FORMAT 6.1: "GENERAL LEDGER
PERIOD: October -20
TAX IDENTIFICATION NUMBER: 20408501650
SURNAME AND FIRST NAME, NAME OR CORPORATE NAME: LOS ROSALES S.A.C.
CODE AND/OR NAME OF ACCOUNTING ACCOUNT (1), Checking accounts in fine institutions
DATE OF THE CORRELATIVE NUMBER OF DESCRIPTION OR GLOSS OF BALANCE
OPERATION THE JOURNAL (2) THE OPERATION S AND
01.10.20 1 For the opening of the fiscal year DEBTOR24,540
TOTALS 24,540

PERIOD: October-20
CODE AND/OR NAME OF ACCOUNTING ACCOUNT (1), Invoices, bills and other vouchers
01.10,20 1 For the opening of the fiscal year DEBTOR12,100
TOTALS 12,100

PERIOD: October-20
ACCOUNTING ACCOUNT CODE AND/OR NAME (1), Merchandise, 201

01.10,20 1 For the opening of the fiscal year DEBTOR19,940
TOTALS 19,940

PERIOD: October-20
01.10,20 1 For the opening of the fiscal year DEBTOR
TOTALS

PERIOD: October-20
CODE AND/OR NAME OF ACCOUNTING ACCOUNT (1), capital stock, 501

DATE OF THE CORRELATIVE NUMBER OF DESCRIPTION OR GLOSS OF BALANCES AND
OPERATION THE JOURNAL (2) THE OPERATION DEBTOR
01.10,20 For the opening of the fiscal year
TOTALS
0

PERIOD: October-20
DATE OF THE CORRELATIVE NUMBER OF DESCRIPTION OR GLOSS OF BALANCES AND
OPERATION THE JOURNAL (2) THE OPERATION DEBTOR
01.10,20 1 For the opening of the fiscal year
TOTALS 0
ncials- 104
MOVEMENTS
CREDITOR
receivable, 121
MOVEMENTS
CREDITOR
MOVEMENTS
CREDITOR
payable, 421
MOVEMENTS
CREDITOR
22,060
22,060
MOVEMENTS
CREDITOR
21,880
21,880
payable, 591
MOVEMENTS
CREDITOR
12,100
12,100

PC3 9

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PC3 9

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FUNDAMENTALS OF ACCOUNTING AND FINANCE

QUALIFIED PRACTICE NO. 3

It is important to note the following:

FORMAT 5.1: "JOURNAL".

fect to the IGV

ACCOUNTING ACCOUNT ASSOCIATED WITH THE

Total Current Assets S/ 91,475.00

Non Current Assets

Total Non-Current Assets S/ 28,740.00

Total Assets 120,215.00

Total Current Liabilities S/ 45,995.00

Total Non-Current Liabilities

Total Liabilities S/ 56,475.00

Total Liabilities and Shareholders' Equity 120,215.00

TRANSACTION REFERENCE ACCOUNTING ACCOUNT ASSOCIATED WITH THE TRANSACTION MOVEMENT

CORRELATIVE NUMBER OF THE

1 15.02.20 For the purchase of merchandise 4 7800 60 Buy 39,958.00

FORMAT 6.1: "GENERAL LEDGER

FORMAT 6.1: "GENERAL LEDGER

ACCOUNTING ACCOUNT CODE AND/OR NAME (1), Merchandise, 201

FORMAT 6.1: "GENERAL LEDGER

FORMAT 6.1: "GENERAL LEDGER

CODE AND/OR NAME OF ACCOUNTING ACCOUNT (1), capital stock, 501

FORMAT 6.1: "GENERAL LEDGER

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