Assets and debts

Assets and debts
Revenue and cost
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Slide 1: Slide
EconomieMiddelbare schoolvwoLeerjaar 3

This lesson contains 27 slides, with interactive quizzes and text slides.

time-iconLesson duration is: 45 min

Items in this lesson

Assets and debts
Revenue and cost

Slide 1 - Slide

Slide 2 - Slide

Slide 3 - Slide

Slide 4 - Slide

Slide 5 - Slide

Which information is needed to specify the assets on the left side of the balance sheet?
A
Profit and loss account
B
Investment budget
C
Financing plan
D
Equity

Slide 6 - Quiz

Which information is needed to specify the debts on the right side of the balance sheet?
A
Profit and loss account
B
Investment budget
C
Financing plan
D
Equity

Slide 7 - Quiz

PIN machine belongs to
A
Building
B
Inventory
C
Goods
D
Liquid assets

Slide 8 - Quiz

Abdullah's kitchen appliances belongs to:
A
Building
B
Inventory
C
Goods
D
Liquid assets

Slide 9 - Quiz

Meat in Abdullah's fridge
belongs to
A
Building
B
Inventory
C
Goods
D
Liquid assets

Slide 10 - Quiz

Abdullah's fridge
belongs to
A
Building
B
Inventory
C
Goods
D
Liquid assets

Slide 11 - Quiz

The money in the cash register at Sleepworld
belongs to
A
Building
B
Inventory
C
Goods
D
Liquid assets

Slide 12 - Quiz

Abdullah's tables and chairs
belongs to
A
Building
B
Inventory
C
Goods
D
Liquid assets

Slide 13 - Quiz

Liabilities
Equity + debt capital

Equity = the owner's money
From a Limited Company (Google) you can buy shares. As a shareholder you own part of the company
f.e. 10,000 shares X € 50 = € 500,000 share capital
This is the equity of the company

Slide 14 - Slide

Creditors = Suppliers to whom a company owes money
Clogs Limited purchases clogs for € 20
The company doesn't pay immediately but receives an invoice. 
The goods have been received
Assets
Liabilities
Goods in stock
+ 20
Creditors
+ 20

Slide 15 - Slide

Creditors: paying the invoice
The invoice for the delivered clogs are paid by bank
Assets
Liabilities
Bank balance
- 20
Creditors
- 20

Slide 16 - Slide

Debtors = customers who have not payed their invoices
Clogs are sold for € 80. The purchase price is € 20
The customer received an invoice. 
Assets
Liabilities
Goods in stock
- 20
Equity
+ 60
Debtors
+ 80

Slide 17 - Slide

Debtors: the customer pays the invoice by bank
Assets
Liabilities
Debtors
- 80
Bank
+ 80

Slide 18 - Slide

Buns are delivered to Abdullah along with a bill. Abdullah has to pay € 600 within a month. This debt belongs to:
A
Goods
B
Debtors
C
Creditors
D
Bank loan

Slide 19 - Quiz

Abdullah delivers 5 meals to a shop nearby. The owner of the shop receives a bill of € 48. This is an example of
A
Goods
B
Debtor
C
Creditor
D
Bank loan

Slide 20 - Quiz

Just do it
Homework:
6 - 9
page 104

Slide 21 - Slide

Slide 22 - Slide

Slide 23 - Slide

Slide 24 - Slide

The comsumer price of a kebab sandwich is € 2.42 including VAT 21 %
Calculate the price excluding VAT

Slide 25 - Open question

The consumer price of a kebab sandwich is € 2.42 including VAT  of 21 %
Calculate the price excluding VAT
Price excluding VAT                    € ............        100 %
VAT 21 %                                            €............. +    21 %   +
Price including VAT                     €   2.42        121 %

€ 2.42/121 X 100 = € 2
X wrong X --> 0.21 X € 2.42 = € 0.51 --> € 2.42 - € 0.51 = € 1.91

Slide 26 - Slide

Homework
...................

Slide 27 - Slide