Management in production

Problem

The following transactions took place regarding the write-off of fixed assets of 23 schools in Fergana district of Fergana region in 2021:

No	Content of transactions	Dt	Kt	Basic document	Amount
1	Write-off of fixed assets due to liquidation: a) writing off the calculated depreciation amount
	b) writing off residual value
	v) in connection with the liquidation of fixed assets, the introduction of material stocks suitable for further use:

	- within the residual value;
	- to the amount exceeding the residual value
2	Sale of fixed assets: buildings and structures (except those located abroad): writing off the calculated depreciation amount
	b) writing off residual value
	2) other fixed assets (except those located abroad): a) initial value write-off
	b) writing off the calculated depreciation amount
	c) sale value of fixed assets
	g) the amount calculated at the same time to the relevant budget income
	d) receipt of funds
	e) transfer of amounts calculated to the budget
	j) a positive financial result (profit or loss) from the sale of fixed assets
3	When fixed assets are given indiscriminately a) writing off the calculated depreciation amount
	b) writing off residual value
4	As a result of the inventory, the amount of fixed assets with a deficit (if it is not collected from the materially liable person): a) writing off the calculated depreciation amount
	b) writing off residual value
	To the amount of fixed assets purchased at the expense of the budget funds resulting in a deficit as a result of the inventory or the source of the purchase is unclear (if it is collected from the materially responsible person): a) writing off the calculated depreciation amount
	b) writing off residual value
	c) calculation of the amount recovered from the guilty person to budget revenues
	g) payment of the deficit amount to the treasury of the organization by the guilty person
	d) crediting the deficit amount to the account
	e) transfer of funds to budget income

	In the event that the materially responsible person is recognized as guilty of the deficit (if the fixed asset was purchased at the expense of extra-budgetary funds): a) writing off the calculated depreciation amount
	b) writing off residual value
	c) if the residual value of this fixed asset is less than the amount transferred to the account of the materially liable person
	g) if the residual value of this fixed asset is greater than the amount transferred to the account of the materially liable person
	d) payment of the deficit amount by the guilty party

Required:

1. 
   Independently determine the amounts of transactions on the write-off of fixed assets.
   
2. 
   Show the documents that are the basis for transactions on the write-off of fixed assets, as well as fill out the document forms and transfer them to the relevant memorial order.
   
3. 
   Show the accounting records of transactions on the write-off of fixed assets.
   

2. Problem

In 2021, the following transactions took place on the account of intangible assets of 23 schools of Fergana district, Fergana region:

No	Content of transactions	Dt	Kt	Basic document	Amount
1	Acquisition of intangible assets: a) to the sum of the purchase price and other additional costs related to the purchase
	b) Entry of intangible assets at initial cost
2	When intangible assets are acquired gratuitously: a) according to the market value determined in the prescribed manner
	b) the amount of delivery and other additional costs, if applicable
	c) entry of intangible assets at initial cost
3	Write-off of intangible assets due to expiration or obsolescence
4	Sale of an intangible asset: a) initial value write-off
	b) sale value of an intangible asset
	g) receipt of funds

	d) a positive financial result (income) from the sale of an intangible asset
5	To the amount of intangible assets that resulted in a deficit as a result of the inventory

Required:

1. 
   Independently determine the amounts of transactions on the account of intangible assets.
   
2. 
   Show the documents that are the basis for the transactions on the account of intangible assets, as well as fill out the forms of the documents and transfer them to the relevant memorial order.
   
3. 
   Show the accounting entries for transactions on the account of intangible assets.
   

Tests

1. 
   According to the procedure established when the fixed assets are received for free.
   

A) Dt 072 Kt 280
B) Dt 010-019 Kt 072

3. 
   Dt 072 Kt 262
   
4. 
   Dt 072 Kt 282
   

2. 
   To the amount of unaccounted fixed assets determined during the inventory process
   

A)Dt 072 Kt 280
B) Dt 010-019 Kt 273

3. 
   Dt 072 Kt 272
   
4. 
   Dt 072 Kt 282
   

3. 
   In what cases should be sold after revaluation by assessment organizations in the sale of other fixed assets of budget organizations, except for buildings?
   

1. 
   The budget organization is sold without involving evaluation organizations in accordance with the established procedure in agreement with the higher organization
   
2. 
   the residual value of one inventory object is equal to the minimum monthly salary established in the Republic of Uzbekistan (budget when the decision on sale was made by the organization) is more than one hundred times the amount
   
3. 
   when the residual value of one inventory object is more than fifty times the minimum monthly salary established in the Republic of Uzbekistan (at the time of decision on sale by the budget organization)
   
4. 
   the correct answer is not given
   

4. 
   In which accounting document is the analytical account of fixed assets kept.
   

1. 
   In the initial documents
   
2. 
   In the receipt-handover document on the inventory cards
   
3. 
   In the general ledger
   
4. 
   in accounts 010-019
   

5. 
   What kind of accounting record is created when the purchased fixed assets are added to the balance sheet?
   

A) Dt 010-019 Kt 273
V) Dt 010-019 Kt 250

C) Dt 010-019 Kt 072

D) Dt 273 Kt 010-019

6. 
   How depreciation on fixed assets is calculated and documented.
   

1. 
   By drawing up a deed according to the norms of obsolescence.
   
2. 
   Based on established wear standards
   
3. 
   Accounting references and statements are prepared.
   
4. 
   Depreciation is not considered. Because it is a budget organization.
   

7. 
   Which material assets are not included in the account of fixed assets?
   

1. 
   If the price is less than the minimum wage of 50
   
2. 
   If the price is less than 100 minimum work amount c)If the price is less than 5 minimum working hours
   

D) Material assets that last less than a year

8. 
   Which regulatory documents are used in the organization and management of the fixed assets account in the budget organization?
   

1. 
   Instruction "On accounting in budget organizations" and other legal documents
   
2. 
   5-BHMS, 19-BHMS, Law "On Accounting"
   
3. 
   21-BHMS, 19-BHMS, Law "On Accounting", "Accounting in Budget Organizations about" instruction
   
4. 
   19-BHMS, Law "On Accounting", "On Accounting in Budget Organizations" guide
   

9. 
   When the value of fixed assets in budget organizations increases as a result of revaluation
   

A)Dt 272 Kt 010-019
B) Dt 010-019 Kt 250
C) Dt 010-019 Kt 280
D) Dt 280 Kt 010-019

10. 
    When calculating depreciation on fixed assets in budget organizations A) Dt 250 Kt 020-029
    

B) Dt 231 Kt 020-029
C) Dt 010-019 Kt 020
D) there is no correct answer