How would the following transactions be disclosed in the balance sheet:: 1. The company has incurred
Question:
How would the following transactions be disclosed in the balance sheet::
1. The company has incurred ₹ 320 Crore on the construction of a building that is yet to be completed.
2. An advance of ₹ 10 Crore has been given to the material supplier for which the goods are yet to be received.
3. The Company has acquired a brand by paying a consideration of ₹ 150 Crore.
4. A deposit of ₹ 280 Crore has been placed with the Super Bank for a period of five years.
5. The company has a foreign currency loan of $300 million repayable after five year. The exchange rate of the date of taking the loan was ₹ 52 whereas on the date of balance sheet, the exchange rate prevailing is ₹ 55.
6. The company issued 10 million equity shares of the face value ₹ 10 each at an issue price of ₹ 50 each.
7. The total fixed assets of the company as on the date of the balance sheet amounted to ₹ 2520 Crore. The accumulated depreciation amounted to ₹ 980 Crore.
8. The company has paid ₹ 200 Crore to a film star for endorsement of its products covering a period of five years.
Step by Step Answer: