Thus we need to ascertain the missing details in an indirect manner by using the logic of. Prepare a Revaluation Account with 5 imaginary figures. Give the disclosure requirements pertaining to Share Capital in Notes to Accounts of Balance Sheet of a Company with imaginary figures. Calculate the amount of current assets and current liabilities. 2 5 10 Question 33. Prepare a Statement of Profit and Loss of a Company in vertical form with imaginary figures of 5 main heads only. Determine the value of each type of shares on the basis of Dividend Yield Method. This is the money that the owner and any other investors have put in the firm. Working Notes-Computation of Percentage. The Companys normal profit Less tax is Rs 75000.
Prepare Profit and loss ac and Balance sheet of Banking company with Imaginary figures. The last line line 9 totals the number of liabilities and equity. You may have had to use long-term loans to keep your firm solvent. Write the pro-forma of a Balance Sheet of a Company with main heads only. From the following Balance Sheets of Royal Industries as at 31 st March 2018 and 2019 prepare a comparative Balance Sheet. For preparing Trading and Profit and Loss Account we need complete information regarding expenses incomes assets and liabilities of the concern. Write proforma of Balance Sheet of a company with main heads only. Name the major heads under which the following items will be presented in the Balance Sheet. Prepare P L Appropriation - Account of a company with 5 imaginary figures. Line 8 shows the amount of owners capital that has been invested in the firm.
Given Currrent Ratio 3. You may have had to use long-term loans to keep your firm solvent. I Expenses on purchase Rs5000 ii Other direct expenses Rs15000 Indirect Expenses. Normal Rate of dividend to this type of Company is 8 on participating preference shares and 10 on equity 10 shares. Balance of profit is available for equity shareholders. In incomplete records some details are given and some are missing. Prepare the Trading and Profit and Loss Account as on 31st March 2012 and Balance Sheet as on that date having regard to the following information. Determine the value of each type of shares on the basis of Dividend Yield Method. Thus we need to ascertain the missing details in an indirect manner by using the logic of. 6 Budgeted Balance Sheet.
I Life insurance premium Rs2000 ii Income tax paid Rs10000 Direct Expenses. The last line line 9 totals the number of liabilities and equity. Intangible assets like goodwill are shown in the balance sheet at imaginary figures which may bear no relationship to the market value. Normal Rate of dividend to this type of Company is 8 on participating preference shares and 10 on equity 10 shares. Prepare a Statement of Profit and Loss of a Company in vertical form with imaginary figures of 5 main heads only. 6 Budgeted Balance Sheet. Prepare P L Appropriation - Account of a company with 5 imaginary figures. Take a few imaginary figures and prepare a Comparative Statement of Profit Loss for two years. Sundry Debtors include an item of Rs 250 for goods supplied to the proprietor and an item of Rs 600 due from a customer who has become insolvent. Give the disclosure requirements pertaining to Share Capital in Notes to Accounts of Balance Sheet of a Company with imaginary figures.
Some of the current assets are valued on estimated basis so the balance sheet is not in a position to reflect the true financial position of the business. Calculate the amount of current assets and current liabilities. Prepare comparative income statement of profit and loss with five imaginary figures. The Companys normal profit Less tax is Rs 75000. Take a few imaginary figures and prepare a Comparative Statement of Profit Loss for two years. Prepare P L Appropriation - Account of a company with 5 imaginary figures. Given Currrent Ratio 3. Answer any Two questions each question carries Five marks. Current ratio is 32 and working capital is 50 000. 2 5 10 Question 33.
