Würstchen Uli GmbH is a food retailer that is in economic difficulties due to tax arrears from the past and therefore wants to report the highest possible annual result in t1 . Create the postingrecords for the following transactions in t1: Würstchen Uli GmbH is purchasing a new copying machine in t1, which will be used in administration in the future. The purchase price according to the list is € 17,850 gross. Afurther € 5,950 gross must be paid to the manufacturer for delivery and installation on site. The amount due will be paid by bank transfer. The expected service life of the machine is estimated at 5 years. Due to the expected high utilisation in t1, Würstchen Uli GmbH is only considering a geometrical-declining balance or straight-line depreciation as scheduled depreciation . Show your solution comprehensibly. The Würstchen Uli Gmbh has on 5.1.t0 for 50.000 € for the purpose of short-term speculation securities in the Katari Ltd. whose carrying amount on 31.12. T0 was €27,000 . The stock exchange price of the securities on 31.12. T1 is €66,000. Würstchen Uli GmbH settles a liability from delivery and service in the amount of € 23,800 by bank transfer within the discount period less 3% discount.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Würstchen Uli GmbH is a food retailer that is in economic difficulties due to tax arrears from the past and therefore wants to report the highest possible annual result in t1 . Create the postingrecords for the following transactions in t1:

Würstchen Uli GmbH is purchasing a new copying machine in t1, which will be used in administration in the future. The purchase price according to the list is € 17,850 gross. Afurther € 5,950 gross must be paid to the manufacturer for delivery and installation on site. The amount due will be paid by bank transfer.
The expected service life of the machine is estimated at 5 years. Due to the expected high utilisation in t1, Würstchen Uli GmbH is only considering a geometrical-declining balance or straight-line depreciation as scheduled depreciation . Show your solution comprehensibly.
The Würstchen Uli Gmbh has on 5.1.t0 for 50.000 € for the purpose of short-term speculation securities in the Katari Ltd. whose carrying amount on 31.12. T0 was €27,000 . The stock exchange price of the securities on 31.12. T1 is €66,000.
Würstchen Uli GmbH settles a liability from delivery and service in the amount of € 23,800 by bank transfer within the discount period less 3% discount.

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