From the following details, prepare a statement of proprietory funds with as many details as possible: The

Question:

From the following details, prepare a statement of proprietory funds with as many details as possible: image text in transcribed

The gross profit was ₹60,000; Reserves and surplus amounted to ₹20,000; Closing stock was ₹5,000 in excess of opening stock.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Management Accounting Text Problems And Cases

ISBN: 9781259026683

6th Edition

Authors: M Y Khan, P K Jain

See More Books

Question Posted: Mar 02, 2024 02:00 AM

See More Questions

The following information relates to Pearline Corporations transactions during 2011, its first year of operations. 1. Income before taxes on the income statement for 2011 was $110,000. 2. In...
The comparative balance sheets of Glacier Corporation showed the following at December 31. The income statement for 2017 was as follows: Glacier Corporation income statement For the Year Ended...
The following information relates to Pearline Corporation's transactions during 2014, its first year of operations. 1. Income before income tax on the income statement for 2014 was $110,000. 2. In...
A portfolio manager owns a bond worth 2,000,000 that will mature in one year. The pound is currently worth $1.65, and the one-year future price is $1.61. If the value of the pound were to fall, the...
Gisenberry Company provided the following information concerning two products: Contribution margin per unit-Product 12 ............................................. $23 Contribution margin per...
Trap rock is crushed in a gyratory crusher. The feed is nearly uniform 2-in. spheres. The differential screen analysis of the product is given in column, (1) of Table 28.4. The power required to...
Name and describe the categories of inventory-carrying costs. LO.1
Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year: Projected benefit obligation Balance, January 1 $150,000,000 Service...
It would be a huge help if you could explain the steps of this problem through excel. Please include all of the formulas that were used. Thanks! Dean Consulting is considering purchasing two...
From the following information of a textile company complete the proforma balance sheet if its sales are 32,00,000. Sales to net worth (times) Current debt to net worth (ratio) Total debt to net...
Below are selected ratios for three years ending March 31 for the Worst Company Ltd: Outline possible explanations for the drastic changes in some of the ratios during these years. Ratios Current...
If you were assigned to Jim's team for this project, what activities would you conduct in order to prepare the details for the Baseline Project Plan? Explain the purpose of each activity and show a...
Q. Probabilities of three teams A, B and C of winning the first prize of a business case competition are 3/9, 2/9, 3/9 respectively. These three teams are equally likely to win the prize. True False...
Univex is a calendar year, accrual basis retail business. Univex hold less than 20% of IBM stock. Its financial statements provide the following information for the year: Revenues from sales of goods...
Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2023, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1....
5.3 BEP Example Bill Braddock is considering opening a Fast 'n Clean Car Service Center. He estimates that the following costs will be incurred during his first year of operations: Rent $9,200,...
The following is the text for an opinion on internal control for W Company, an issuer. Some words or phrases have been replaced with numbers (e.g., [1], [2], etc.). Select from the option list...
Appendix Exercise] For each of the following technologies, graph a representative set of isoquants: a. Every worker requires exactly one machine to work with; no substitution is possible. b. Capital...
For the vector whose polar components are (Vr = 1, VÎ¸ = 0), compute in polars all components of the second covariant derivative VÎ±;Î¼;Î½. To find...
Provide an example of the disruptive potential of digital technologies.
How do ERP systems support the MAC function?
Leymann Ltd. is a multinational enterprise with over 1600 employees, which has its headquarter in Cologne, Germany. Founded in 1850, this company has been a pioneer in vacuum technologies. Today,...
Please note, kindly no handwriting. Q. Suppose a 3 year bond with a 6% coupon rate that was purchased for $760 and had a promised yield of 8%. Suppose that interest rates increased and the price of...
Be prepared to explain the texts comprehensive To illustrate the issues related to interest capitalization, assume that on November 1, 2016, Shalla Company contracted Pfeifer Construction Co. to...
On April 1, 2020. Indigo Company received a condemnation award of $473,000 cash as compensation for the forced sale of the company's land and building, which stood in the path of a new state highway....

From the following details, prepare a statement of proprietory funds with as many details as possible: The

Question:

(a) Stock velocity = 6 (b) Capital turnover = 2 (c) Fixed assets turnover ratio = 4 (d) Gross profit turnover ratio = 20 (e) Debtors velocity = 2 months (f) Creditors velocity = 73 days

Step by Step Answer:

Proprietory funds 12...View the full answer

Management Accounting Text Problems And Cases

Students also viewed these Business questions