Following information is given below : calculate the closing capital Creditors Bills payable Loan Bills receivable Stock
Question:
Following information is given below : calculate the closing capital
Transcribed Image Text:
Creditors Bills payable Loan Bills receivable Stock Cash Jan. 01, 2005 Rs. 5,000 10,000 30,000 5,000 2,000 Dec. 31, 2005 Rs. 30,000 50,000 50,000 30.000 20,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Therefor...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...
-
In view of the information provided below provide suggestions for the efficient management of trade debtors. INFORMATION MANAGEMENT OF TRADE DEBTORS Debtor management is central to the effective cash...
-
The beam shown below is supported by a pin at A and a roller at B. The weight of the beam is 12 kN and a 15 kN force is applied 3 m to the right of A as shown. Determine the reaction forces at A and...
-
Explain how inventory and storage areas can be predicted accurately.
-
please help (a) Vedika Ltd. issued 80,000 8% convertible debentures of 100 each on 14 April, 2015. The debentures are due for redemption on 31st March, 2019 at a premium of 20%, convertible into...
-
3. Why should a scenario approach to valuation be used to value cyclical companies?
-
Greentea Corporation earned net income of $95,000 during the year ended December 31, 2010. On December 15, Greentea declared the annual cash dividend on its 6% preferred stock (11,000 shares with...
-
How is it incomplete? Q.13 Consider the following 3 choices (A) TMBThanachart Bank (B) WE Gold and Silver Equity Retirement Mutual Fund (C) Thalvivat Non-Life Insurance Public Company Which is(are) a...
-
Mr. Ashok does not keep his books properly. Following information is available from his books. During the year Mr. Ashok sold his private car for Rs. 50,000 and invested this amount into the...
-
Mr. Arnav does not keep proper records of his business he provided following information, you are required to prepare a statement showing the profit or loss for the year. Capital at the beginning of...
-
The adjusted trial balance of North Bay Corporation is provided in the following work sheet for the year ended December 31, 2020. Instructions The note payable is due in four months. Complete the...
-
Notation Using the weights (Ib) and highway fuel consumption amounts (mi/gal) of the 48 cars listed in Data Set 35 "Car Data" of Appendix B, we get this regression equation: = 58.9 - 0.00749x, where...
-
Week 11-Final Exam: Chapters 5-7 Question 15 of 30 -135 Current At in Ppm 06-20 10%.onthe 1110077 OORE Textbook and M DOLL F T 19 19 Q w A R T Y 3 . 9 4 S D 4 G H A L x N M Cu T
-
We have two samples: sample 1 n= 39 -X= 98.2 S= 15.9 sample 2 n=31 -X=119.2 S= 23.0 begin testing whether u1
-
Discuss charitable purpose trusts under Section 3(1), Charities Act 2011.
-
Amadeus Corporation is considering the issue of a new product to be added to its product mix. They hired you, a recent business graduate from MacEwan, for conducting the analysis. The production line...
-
Marvin Murphy contributes $400 per month to a payroll deduction 401 (k) at work. His employer matches his contribution up to $200 per month. If the fund averages 5.4% per year, how much will be in...
-
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
-
Which of the following statements is/are correct? (i) All debentures are secured on the property of a company. (ii) Debenture holders have a right to receive interest payments each year. (iii)...
-
What is the impact on the accounting equation while establishing a provision for the estimated cost of a 3-year warranty scheme for goods sold? (a) Increase liabilities: decrease ownership interest...
-
Which is the most accurate description of a Deep discounted bond? (a) A security issued at a price higher than its repayable amount on which interest is paid at market rates during the period of the...
-
Which of the following programs covers custodial care? A HMOs B Medicare Part B C PPOs D Medicare Part A E Medicaid
-
uppose a taxpayer has exhausted his lifetime exclusion amount and has $14 million. a. Assuming a flat 40% gift tax rate, what is the maximum amount a taxpayer can transfer to her daughter (and still...
-
Physical Units Method, Relative Sales Value Method Farleigh Petroleum, Inc., is a small company that acquires high - grade crude oil from low - volume production wells owned by individuals and small...
Study smarter with the SolutionInn App