Basic accounting, CIG, EAI, FB, MNG, 2019 – 2020 Carmen Bonaci

carmen.bonaci@econ.ubbcluj.ro

Create a case study (initial balance sheet and transactions) in order to exemplify deferred revenue. You should
consider as a model the example we took for prepayments during our meeting on April 7.
Assets Liabilities+Equity
Elements Amount Elements Amount
Set-up costs 10,000 Liabilites

Receivables 15,000 Suppliers 20,000

-10,000(1)
Cash at bank +25,000
-10000(1) Deffered income +9000(2)
+9000(2) -3000(2,1)
-3000(2,2)
Petty cash 9,000 -3000(2,3)
Equity
Social capital 39,000
IBT +3000(2,1)
+3000(2,2)
+3000(2,3)

Total 59,000 Total 59,000

Balance Sheet

1.Half of the debts towards the supplier is being paid through bank transfer.

Chance in volume, -liab towards suppliers, -cash at bank

A-X=L-X+E

2.The company receives December 2019 from a client 9000$ through bank transfer on income
from sent (for the next 3 months)

Change in volume, -deferred liabilities, -cash out bank

A+X=L+X+E

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Basic accounting, CIG, EAI, FB, MNG, 2019 – 2020 Carmen Bonaci
carmen.bonaci@econ.ubbcluj.ro