Prepare (based on RAS and Russian chart of accounts):
(i) general journal for the transactions, including adjusting and closing entries;
(ii) ledger accounts showing balances;
(iii) balances and turnover register (оборотно-сальдовая ведомость);
(iv) a statement of financial results for the year 2024;
(v) a balance sheet as at 31 December 2024
ALL the calculations are to be provided!
V6
1 December Ivan started business (as a bookseller) with RUB100,000 in business bank account
2 December Made purchases for RUB7,000 cash, incl. VAT 10%
3 December Further purchases for RUB4,000 on credit from LLC Moore, incl. VAT 10%
4 December Paid rent of RUB10,000 cash for January, incl. VAT 20%
5 December Bought stationery for RUB600 cash for internal usage
6 December Bought an old van for RUB400,000 from Petros promising to pay later
7 December Sold rare books to Greene for RUB10,000 cash, incl. VAT 10%, COGS RUB 2,000
8 December Paid LLC Moore RUB2,000 cash
9 December Sold book on credit to Doyle for RUB14,000, COGS 5,000
10 December Bought more stationery for RUB4,000 cash for resale