Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem No.28. Following is the balance sheet of Pratikraj Ltd. as on 31 March, 2014 Liabilities Equity Share Capital Balance Sheet as on 31

image text in transcribed

Problem No.28. Following is the balance sheet of Pratikraj Ltd. as on 31" March, 2014 Liabilities Equity Share Capital Balance Sheet as on 31 March, 2014 Rs. 3,00,000 Assets Fixed Assets 8% Preference share Capital 2,00,000 Investments 20,000 Stock 10% Debentures General Reserve Profit and Loss Account Creditors Bills payable Outstanding Expe Prepare Rs. 4,00,000 1.50,000 25,000 50,000 Debtors 75,000 1,00,000 Bills Receivable 30,000 20.000 Cash 15,000 7,000 Preliminary Expenses 5,000 3,000 7,00,000 7,00,000 ommon-size Balance Sheet from the above in vertical form. (Oct, 2015) Short Rati SOURCES OF FUNDS S 100.000 200,000 30.000 41176 10% debentures 14.39 CAPITAL EMPLOYED APPLICATION OF FUNDS 150,000 21.30 Current 05 Exp NET ASSETS 25.000 75,000 30.796 15.000 4.00.000+150,000+25,000-75.000 30.000-11.000 6,95,000 Equation/Formala Can Rai CR- CL 04 Liquid Ratio OR- OL Working Capital CST SWC-> 100 WC M PR- 100 TA ITA-Total Assets -FA-CA-CE CL Total of Horizontal BS-Fiction] BF DEX PC BE COR-> Par 41 42 43 44 45 46

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

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

13th edition

978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307

More Books

Students also viewed these Accounting questions

Question

Design an accounting-based performance measure

Answered: 1 week ago