1balance Sheet
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BALANCE SHEETS AS OF DECEMBER 31st,2015 (In dollars) ASSETS LIABILITIES CURRENT ASSETS CURRENT LIABILITIES CASH AND CASH EQUIVALENTS VAT charged 219863,05 Box 1617204,43 Documents to pay 194,80 Banks 41371,25 Debts to pay 1790,00 Accounts Receivable 431591,11 2090166,79 Social benefits payable 905,12 STOCKS Retaining the Source of VAT payable 30% 24,18 Inventory Materials 1453,85 "Retaining the Source of Income Tax 6,72 In-process inventory 34784,36 1% payable " 1105,23 Finished Goods Inventory 68971,76 105209,97 Payable IESS 287573,30 PRE-PAID 15% Participation Workers 358508,05 869970,45 VAT paid 103,81 22% of Income Tax Payable "Retention Tax Credit Tax 18440, 47 18544, 28 2213921, 04 CURRENT LIABILITIES 55000, 00 5500 0, 00 924970,45 Income " Bank loans 924970,45 NON-CURRENT ASSETS PROPERTY PLANT AND EQUIPMENT 85000,00 (-) Machinery and equipment 637,50 84362,50 OWNERS EQUITY "Accumul at ed depr eciation Machin er y 70000, 00 70000, 00 OWNERS EQUITY and Equipment " 280000,00 CAPITAL (-) lands 1108,33 278891,67 Capital stock 458590,00 458590,00 Buildings 7600,00 RESULTS (-) Accumulated depreciation Buildings 14 0,75 745 9,25 440 713 ,42 Net Income 1271074,01 1271074, 01 1729664, 01 TOTAL ASSETS. 2654634,46 TOTAL LIABILITIES 2654634,46 MANAGER ACCOUNTANT BALANCE SHEETS: It shows the financial position of a business at a specific date. In this report only the actual accounts (assets, liabilities and equity) used and the fundamental accounting equation is true: Active equals liabilities plus equity (A = P + C), and also the basic principle of Accounting the "Double Entry" amounts of assets and liabilities should be equal.
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7/25/2019 1balance Sheet
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BALANCE SHEETS AS OF DECEMBER 31st,2015
(In dollars)
ASSETS LIABILITIES
CURRENT ASSETS CURRENT LIABILITIES
CASH AND CASH EQUIVALENTS VAT charged 219863,05
Box 1617204,43 Documents to pay 194,80
Banks 41371,25 Debts to pay 1790,00
Accounts Receivable 431591,11 2090166,79 Social benefits payable 905,12
STOCKS Retaining the Source of VAT payable 30% 24,18
Inventory Materials 1453,85 "Retaining the Source of Income Tax 6,72
In-process inventory 34784,36 1% payable " 1105,23
Finished Goods Inventory 68971,76 105209,97 Payable IESS 287573,30
PRE-PAID 15% Participation Workers 358508,05 869970,45
VAT paid 103,81 22% of Income Tax Payable
"Retention Tax Credit Tax 18440,47 18544,28 2213921,04 CURRENT LIABILITIES 5 50 00 ,0 0 5 50 00 ,0 0 9 24 97 0,4 5
Income " Bank loans 924970,45
NON-CURRENT ASSETS
PROPERTY PLANT AND EQUIPMENT 85000,00
(-) Machinery and equipment 637,50 84362,50 OWNERS EQUITY
" Accumulated depreciation Machinery 70000,00 70000,00 OWNERS EQUITY
and Equipment " 280000,00 CAPITAL
(-) lands 1108,33 278891,67 Capital stock 458590,00 458590,00Buildings 7600,00 RESULTS
(-) Accumulated depreciation Buildings 1 40,75 74 59,25 44 071 3,4 2 Net Income 1271074,01 1271074,01 1729664,01
TOTAL ASSETS. 2654634,46 TOTAL LIABILITIES 2654634,46
MANAGER ACCOUNTANT
BALANCE SHEETS:It shows the financial position of a business at a specific date. In this report only the actual accounts (assets, liabilities and
equity) used and the fundamental accounting equation is true: Active equals liabilities plus equity (A = P + C), and also the
basic principle of Accounting the "Double Entry" amounts of assets and liabilities should be equal.
