Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Why Firm's total 01' cash in hand and bank balance, RS 189750. is less than the prot after tax. Rs 453400. made by the rm?

image text in transcribed
Why Firm's total 01' cash in hand and bank balance, RS 189750. is less than the prot after tax. Rs 453400. made by the rm? When the year started. total of cash in hand and bank balance was higher in comparison to when the year was closed, what can be the reasons for this? Is it some warning signal? Why Can't I take only cash payments and deduct them from cash receipts to compute prot? Why is depreciation to be deducted to compute prot of the rm when the amount was not paid to anyone? Why garage building value is included in capital amount? Why interest which Beg thought of paying to his father on money borrowed bv Beo cannot be shown as part of rm's expenses

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

Corporate Financial Reporting And Analysis

Authors: S David Young, Jacob Cohen, Daniel A Bens

4th Edition

111949463X, 9781119494638

More Books

Students also viewed these Accounting questions

Question

3. Tactical/strategic information.

Answered: 1 week ago

Question

3. To retrieve information from memory.

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago