Accounting Principles: Financial Statement Analysis of Vinhomes

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ASSIGNMENT 02 FRONT SHEET
Qualification BTEC Level 4 HND Diploma in Business
Unit number and title Unit 5: Accounting Principles
Submission date Date received (1st Submission)
Re-submission date Date received (2nd Submission)
Student Name Truong Ngoc Tram Anh Student ID GBS210545
Class No. GBS1003B Assessor Name
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism.
I understand that making a false declaration is a form of malpractice.
Student Signature
Grading Grid
P3 P4 P5 P6 P7 M2 M3 M4 D2 D3

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 Summative Feedbacks  Resubmission Feedbacks
Grade: Assessor Signature: Date:
Internal Verifier’s Comments:
Signature & Date:

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Catalog
I. Introduction .................................................................................................................................................................2
II. Task 1 .........................................................................................................................................................................2
III. Task 2 ....................................................................................................................................................................... 4
IV. Task 3 ..................................................................................................................................................................... 12
Budget .......................................................................................................................................................................... 12
Conclusion ....................................................................................................................................................................14
References .................................................................................................................................................................... 14
I. Introduction
For our contemporary society, the term "accounting" is crucial. It is the profession for both men
and women who initially have their sights set on top positions in business, management, the
government, and general industry. Every merchant, from the owner of a gas station to the
government of every country, needs accounting on a fundamental level. It's crucial to our
modern society, especially to the developing company. In this report, the financial statement of
Vinhomes will be analyzed. Besides, the final decision should choose investment for Vinhomes
or Novaland will be decided based on the comparison of economic state in 3 years, from 2019 to
2021 of both businesses.
II. Task 1
Date Description Debit Credit
a Dec 31 Insurance expense 3000
Prepaid insurance 3000
b Teaching supplies expense 6000
Teaching supplies 6000
c Depreciation expense - Equipment 10000
Accumulated depreciation-Equipment 10000
d Depreciation expense - Professional library 5000
Accumulated depreciation-Professional libary 5000
e Unearned training fees 5000
Earned training fees 5000
f Account receive able 4000
Tuition fees earned 4000
g Salaries expense 600
salries payable 600
h Rent expense 3000
Prepare rent 3000
Total 36600 36600

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Debit Credit
Cash 34.000
Accounts receivable 4.000
Teaching supplies 2.000
Prepaid insurance 9.000
Prepaid rent 0
Professional library 35.000
Accumulated depreciation, professional library 15.000
Equipment 30.000
Accumulated depreciation, equipment 25.000
Accounts payable 27.000
Salaries payable 6.000
Unearned training fees 7.500
ABC, capital 95.000
ABC, withdrawals 50.200
Tuition fees earned 1.279000
Training fees earned 45.000
Depreciation expense, Professional library 5.000
Depreciation expense, Equipment 10.000
Salaries expense 50.600
Insurance expense 3.000
Rent expense 36.000
Teaching supplies expense 6.000
Advertising expense 60.000
Utilities expense 6.979
Total 281.779 281.779
Cash Debit Credit Prepaid Insurance Debit Credit
Unadj bal 34000 0 Unadj bal 12000
0 0 0 3000
0 0 0
34000 adj blal 9000
Equipment Debit Credit Prepaid rent Debit Credit
Unadj bal 80000 0 Unadj bal 3000 0
0 0 0 3000
0 0 0 0
adj blal 80000 adj blal 0
Accounts receivable Debit Credit
Accumulated depreciation-Professional
libary Debit Credit
Unadj bal 0 0 Unadj bal 0 10000
4000 0 0 5000
0 0 0 0
adj blal 4000 adj blal 15000
Teaching supples Debit Credit Tuition fees earnes Debit Credit
Unadj bal 8000 Unadj bal 0 123900