From the following account balances of Graduant as at 31 December 2016, prepare a balance sheet in
Question:
From the following account balances of Graduant as at 31 December 2016, prepare a balance sheet in both the T-format and the narrative classified format.
Transcribed Image Text:
Cash at bank Accounts receivable (net) Inventory Other current assets Land and buildings Intangible assets Other financial assets (term deposits) Accounts payable Borrowings Provisions Share capital Retained earnings $ 12000 56 000 88 000 16 000 359 000 275 000 78 500 25 000 200 000 56 000 500 000 ?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
Question Posted:
Students also viewed these Business questions
-
As at 31 December 2019, Portal Development Limited (PD) has trade receivables of HK$20,000,000 overdue for more than one year. After some rounds of tough negotiation with the auditor, PD finally...
-
The Powell Corporation has the following account balances (in millions): REQUIRED 1. How would the answer to the preceding problem be modified if you were asked for a schedule of cost of goods...
-
The Janjua Company had the following account balances at 1/1/18: Common Stock $65,000 Treasury Stock (at cost) 13,400 Paid-in-Capital in Excess of Par 82,000 Investments in AFS Debt Securities 42,000...
-
Build a circuit on a breadboard from the circuit diagram of the two loop-network circuits: www R
-
Whats your favorite company? Spend some time exploring how the company uses social media. Does it have a customer blog, Facebook page, Twitter account, and other online places to connect with...
-
Modify the Card class so the setValue() method does not allow a Cards value to be less than 1 or higher than 13. If the argument to setValue() is out of range, assign 1 to the Cards value. You also...
-
Project management software helps you develop a ______, which serves as a basis for creating Gantt charts, assigning resources, and allocating costs. a. project plan b. schedule c. WBS d. deliverable...
-
Each autumn, as a hobby, Pauline Spahr weaves cotton placemats to sell at a local craft shop. The mats sell for $ 20 per set of four mats. The shop charges a 10% commission and remits the net...
-
! Required information [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
-
The ledger of Pitt Company contains the following balances: Owners Capital $30,000, Owners Drawings $2,000, Service Revenue $58,000, Salaries and Wages Expense $39,000, and Supplies Expense $7,000....
-
Choose appropriate account names and demonstrate the dual effect that occurs when the following business transactions take place. For example, in (a) we would increase cash $14 000 and increase...
-
From the following account balances of Cloudy as at 30 June 2016, prepare a balance sheet in both the T-format and the narrative classified format. Cash at bank Accounts receivable (net) Inventory...
-
Why is it good for the economy that markets be efficient? AppendixLO1
-
21. How a degradation process is modeled? 22.Give the homogenity property in Linear Operator 23. Give the relation for degradation model for continuous function 24.which is called the superposition...
-
28. Define Gray-level interpolation 29. What is meant by Noise probability density function? 30. Why the restoration is called as unconstrained restoration? 31. Which is the most frequent method to...
-
34. Give the relation for guassian noise 35. Give the relation for rayleigh noise 36. Give the relation for Gamma noise 37. Give the relation for Exponential noise 38. Give the relation for Uniform...
-
41. What is pseudo inverse filter? 42. What is meant by least mean square filter? 43. Give the difference between Enhancement and Restoration PART-B 1. Discuss different mean filters
-
1.Discuss different mean filters 2. Draw the degradation model and explain. 3.Write short notes on Median Filters
-
Graph the following functions. Then use geometry (not Riemann sums) to find the area and the net area of the region described. The region between the graph of y = 3x - 6 and the x-axis, for 0 x 6
-
In Exercises discuss the continuity of each function. f(x) -3 1 x - 4 y 3 2 -1 -2 -3+ 3 X
-
Craig Campbell commenced his own courier service, Campbell's Couriers. Set out below are some transactions of the business. 1. Purchased a second-hand delivery truck for $21 000 on credit 2. Placed...
-
Referring to the Framework's definition of an asset explain why accountants regard accounts receivable as an asset.
-
The following information has been provided by D. Adams who, operating as a sole trader in Carlton, runs a small architect's practice, Adams Architects. Cash at bank...
-
question 6 Timely Inc. produces luxury bags. The budgeted sales and production for the next three months are as follows july. august september Sales, in units 1,115. 1229. 1302 Production. in units...
-
On May 12 Zimmer Corporation placed in service equipment (seven-year property) with a basis of $220,000. This was Zimmer's only asset acquired during the year. Calculate the maximum depreciation...
-
Power Manufacturing has equipment that it purchased 7 years ago for $2,550,000. The equipment was used for a project that was intended to last for 9 years and was being depreciated over the life of...
Study smarter with the SolutionInn App