Taking the data of Example 2, classify different liability items as provided under Indian GAAP. Data from
Question:
Taking the data of Example 2, classify different liability items as provided under Indian GAAP.
Data from Example 2
Classify the following items into different categories of assets as provided under India GAAP.
Transcribed Image Text:
Liabilities Owner's Capital Secured Bank Loan Bank Overdraft Sundry Creditors Tax payable Outstanding Expenses Balance Sheet as on March 31, 2010 Amount () Assets 19,00,000 11,50,000 70,000 30,000 2,85,000 1,50,000 35,85,000 Land & Building Plant & Machinery Furniture Investment Stock Sundry Debtors Bills Receivables Cash and Bank Pre-paid Expenses Marketable Securities Preliminary Expenses Goodwill Patents Amount (*) 15,30,000 11,10,000 2,20,000 90,000 95,000 1,75,000 25,000 80,000 15,000 20,000 40,000 1,10,000 75,000 35,85,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
LongTerm Liabilities Owners ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Prepare schedule of changes in NWC by taking the data of Example 2 by considering proposed dividend and provision for tax as an appropriation of profits. Data from Example 2 Prepare schedule of...
-
By taking the data of Example 4, assume that the clause (iv) is replaced with the clause HL is to issue additional number of shares if market price of its shares falls below 21 by the end of...
-
(a) Show that the neutral pion cannot be composed solely of any pair of quarks in which one is an up quark (or an anti-up quark) and one is a down quark (or an anti-down quark). (b) According to...
-
Indicate whether the following statements about the conceptual framework are true or false. If false, provide a brief explanation supporting your position. (a) The fundamental qualitative...
-
Listed below are measured loads (in lb) on the left femur of crash test dummies used in the same cars listed in the Chapter Problem. Use a 0.05 significance level to test the null hypothesis that the...
-
What are some of the results of poor inventory accuracy? LO.1
-
(Conceptual FrameworkGeneral) The Financial Accounting Standards Board (FASB) has developed a conceptual framework for financial accounting and reporting. The FASB has issued seven Statements of...
-
please imclude work notes and figures On January 1, $61,000 cash is borrowed from a bank in return for a 8% installment note with 24 monthly payments of $2,759 each (Round your answers to the nearest...
-
The following deals were executed between SBI and PNB on January 21, 2011: Deal 1: Ten thousands GOI-2012 Series bonds of face value 100 each were purchased by SBI from PNB at a price of 95 per bond...
-
ABL Ltd holds 60% shares with voting rights of Deepak Agro Ltd (DAL) and 51% shares of Amit Agro Ltd (AAL). DAL holds shares of the following companies: (i) XY Ltd 10% shares with voting rights (ii)...
-
Use a computer algebra system to compute and graph (4) for (x) = tan x sec x, and find a bound for the error in the approximation S 40 to /4 0 (x) dx.
-
A flat sheet is in the shape of a rectangle with sides of lengths 0.400 m and 0.600 m. The sheet is immersed in a uniform electric field of magnitude 85.0 N/C that is directed at 20 from the plane of...
-
You are a new BCBA working for a therapeutic day school that serves individuals with disabilities from ages 5 through 21. Each classroom has 1 special education teacher, 1 behavior therapist (BT) and...
-
Mountain Sports, Inc., is a retailer that has engaged you to assist in the preparation of its financial statements at December 31, 2021. Following are the correct adjusted account balances, in...
-
(a) sint 1-cost (b) Please note each question has 4 options: (a), (b), (c) and (d). 1. Given x = t - sint and y = 1 - cost, then dy 1-cost t-sint = 1-cost sint sint cost-1 2. Given sin x cos y - 2 =...
-
Sometimes I forget a few items when I leave the house in the morning. For example, here are probabilities that I forget various pieces of footwear: left sock 0.2 right sock 0.1 left shoe 0.1 right...
-
How does friction stir welding differ from friction welding?
-
As you rewrite these sentences, replace the cliches and buzzwords with plain language (if you don't recognize any of these terms, you can find definitions online): a. Being a jack-of-all-trades, Dave...
-
Explain where each of these items would appear on a multiple-step income statement: gain on disposal of plant assets; cost of goods sold; depreciation expense; and sales returns and allowances.
-
Explain where each of these items would appear on a multiple-step income statement: gain on disposal of plant assets; cost of goods sold; depreciation expense; and sales returns and allowances.
-
Berry Company sold goods with a total selling price of $800,000 during the year. It purchased goods for $380,000 and had beginning inventory of $67,000. A count of its ending inventory determined...
-
Docs Auto Body has budgeted the costs of the following repair time and parts activities for 2009: Doc's budgets 6,000 hours of repair time in 2009. A profit margin of $7 per labour hour will be added...
-
QUESTION 28 In a perpetual inventory system, the cost of inventory sold is: Debited to accounts receivable. Debited to cost of goods sold. O Not recorded at the time goods are sold. O Credited to...
-
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $105,709 69,500 66,800 4,700 246,700 127,eee...
Study smarter with the SolutionInn App