You are presented with the following information: Starter Profit and loss account for the year to 31
Question:
You are presented with the following information:
Transcribed Image Text:
Starter Profit and loss account for the year to 31 March 2009 Sales Purchases Less: Closing stock Gross profit Less: Depreciation Net profit for the year 10000 5000 1000 4000 6000 2000 4000 Balance sheet at 31 March 2009 Van Less: Depreciation 10000 2000 8000 Stock 1000 Trade debtors Bank Less: Trade creditors 5000 12500 18500 2500 16000 24000 Capital Add: Net profit for the year 20000 4000 24000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Recently, you have been offered a summer internship to serve as a staff accountant for a mid-sized corporation. In accepting the position, you have the choice to work in two different departments -...
-
You are presented with the following information Starter Profit and loss account for the year to 31 March 2012 Sales 10000 Purchases 5000 Less Closing stock 1000 4000 Gross profit 6000 Less...
-
You are a portfolio manager of an investment company in Canada, and you are presented with the following information of two stocks, A & B. The stock information contains only the expected returns...
-
Solve the inequality. Write the solution in interval notation. |-3x + 1 5
-
If v, w are column vectors with the same number of entries, does vwT = wvT?
-
Healthy & Trim Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2008, the end of the current fiscal year, the balances...
-
On April 1, a U.S. manufacturer enters into a commitment to sell equipment to a British importer with the sale denominated in pounds sterling 500,000. The goods are to be delivered the same day and...
-
Francisco Company has 10 employees, each of whom earns $ 2,800 per month and is paid on the last day of each month. All 10 have been employed continuously at this amount since January 1. Francisco...
-
Find the indicated probability. An airline estimates that 91% of people booked on their flights actually show up. If the airline books 79 people on a flight for which the maximum number is 77, what...
-
The table below shows the ASBs seven user groups. What is the most important piece of information that you think each user group needs about a company? We have inserted one for shareholders but try...
-
You are presented with the following information: Dennis Limited Balance sheet at 31 January 2007 31 January 2006 31 January 2007 000 000 000 000 Fixed assets Land at cost 600 700 Current assets...
-
If potential GDP was $270 in 2016 and it grew by 1 percent in 2017, in which phase of the business cycle is the economy? Explain. An economy produces only fun and food. The table shows the prices and...
-
Why does it seem better to use a command language with a small number of commands and a large number of arguments? How can errors in the specification of arguments then be reduced?
-
Suppose you have been asked by a firm to assess the impact on return on assets of outsourcing transportation. Currently the firm uses a private truck fleet and is considering a switch to a...
-
_____ is the individually perceived sequence of attitudes and behaviors associated with work-related experiences and activities over the span of a persons life.
-
Why is flexible budgeting a more valuable tool for logistics managers than fixed dollar budgeting?
-
Do you believe that activity-based costing represents an equitable basis for allocating indirect expenses?
-
(a) Find the unit vector that is parallel to the vector A = A x i + A y j + A z k. (b) Find the component of the vector A = 2 i - j - k in the direction of the vector B = 3 i + 4 j.
-
Show that the peak of the black body spectrum as a function of ? is given by eq. (22.14) kg T Wmax = 2.82
-
s CB1(1) and YA1 of the Income Tax Act 2007 are very important because: Question 5Answer a. these sections explain how an employee, sole trader, partnership, trust and company should be treated...
-
If the seller is responsible for the shipping costs of merchandise sold, the shipping terms will be specified as:Multiple choice question.FOB destinationFOB factoryFOB shipping pointFOB start
-
A golf club production company wants to ensure that all aspects of its production and distribution processes are operating at optimal efficiency. The company produces three types of clubs, a line for...
Study smarter with the SolutionInn App