LET’S ANALYZE

ACTIVITY 5. Now that you are acquainted with the account titles and its classification, let us
apply this knowledge in answering the next activity. Below is the chart of accounts with its
corresponding amount, you are going to determine the correct amount of the following line
items to be presented in the financial statements.
a.) Cash and Cash Equivalents
b.) Trade and Other Receivables
c.) Inventories
d.) Prepayments
e.) PPE
f.) Intangibles
g.) Other Assets
h.) Trade and Other Payables
i.) Non-current liabilities
j.) Revenues
k.) Operating Expenses
l.) Equity
(continue see below)
(continue see below)