FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASAP!! (b) Balances as at 1.4.2020: Capital Fund 1,80,00,000. Building Fund 24,00,000, Prize Fund 12,00,000, Reserve Fund 4,00,000. During the year Expenditure on Building 4,00,000,

image text in transcribedASAP!!

(b) Balances as at 1.4.2020: Capital Fund 1,80,00,000. Building Fund 24,00,000, Prize Fund 12,00,000, Reserve Fund 4,00,000. During the year Expenditure on Building 4,00,000, Prizes awarded "2,00,000, Interest Received on Investments 4,00,000. Investments were made against the Building, Prize and Reserve Funds commonly. Calculate the Balance of Capital Fund to be shown in the Closing Balance Sheet.[3 Marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hong Kong Auditing Economic Theory And Practice

Hong Kong Auditing Economic Theory And Practice

Authors: Simon Fung, Ferdinard A. Gul

3rd Edition

9629372347, 978-9629372347

More Books

Students also viewed these Accounting questions

Question

★★★★★
On May 3, 1978, a subsidiary of INA Corporation (INA), INA International Insurance Company, Ltd. (INA International), acquired 20 percent of the shares of Bimek Shargh (Shargh), an Iranian insurance...

Answered: 1 week ago

Question

★★★★★
Describe the establishment and definition of the client relationship including the introductory meeting and engagement letter.

Answered: 1 week ago

Question

★★★★★
A data set of 5 observations for Concession Sales per person ($) at a theater and Minutes before the movie begins results in the following estimated regression model: Sales = 4.3 + 0.265 Minutes. The...

Answered: 1 week ago

Question

★★★★★
ASAP!! (b) Balances as at 1.4.2020: Capital Fund 1,80,00,000. Building Fund 24,00,000, Prize Fund 12,00,000, Reserve Fund 4,00,000. During the year Expenditure on Building 4,00,000, Prizes awarded...

Answered: 1 week ago

Question

★★★★★
Lecture 4: Fiscal Policy Fiscal Policy Fiscal policy is the government's control over taxes and government spending in order to influence the overall economy (variables such as GDP, unemployment, and...

Answered: 1 week ago

Question

★★★★★
Perform a Porter's 5 forces analysis of the following industry. Provide detailed answer. (25 marks) The Textile Industry The textile industry consists of firms that manufacture and distribute fabrics...

Answered: 1 week ago

Question

★★★★★
1. If you are Maria's counselor and you practice feminist therapy, what are the techniques would you follow to facilitate her growth? 2. Maria considers how the messages she received about what men...

Answered: 1 week ago

Question

★★★★★
While Walter says that he cares about his employees, he interrupts them every time they need to talk to him about something and brings the conversation around to his own contributions. This is an...

Answered: 1 week ago

Question

★★★★★
A potential client has seen a demo of watsonx.governance and is looking for something a bit more in-depth, lasting about four hours, and delivered onsite. What would you recommend for them? An Expert...

Answered: 1 week ago

Question

★★★★★
Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, Year 1. The stock was issued at a market price of $12 per share. During Year 1, the company earned...

Answered: 1 week ago

Question

★★★★★
Prepare a strengths, weaknesses, opportunities, and threats analysis (SWOT).

Answered: 1 week ago

Question

★★★★★
2. What is the impact of information systems on organizations?

Answered: 1 week ago

Question

★★★★★
Evaluate the impact of technology on HR employee services.

Answered: 1 week ago

Previous Question Next Question