The following items appear in the accounts of XYZ Ltd as at March 31, current year: Note:
Question:
The following items appear in the accounts of XYZ Ltd as at March 31, current year:
Note:
The values of all fixed assets reflect current price levels after provision of depreciation.
You are required to arrange the above items in the form of financial statement and find out the rate of return on capital employed (by using different ways).
Transcribed Image Text:
Cash Land and building Deposits and payments in advance Stock Trade creditors General reserve Debtors Bills receivable Plant and machinery 12% Debentures (secured) 4,860 80,000 6,200 Bank overdraft Equity shares (10 each) Profit and loss A/c (Cr.) Proposed equity dividend for current year 37,280 40,575 Trade investments 10,000 52,300 2,260 54,400 25,000 Provision for taxation Dividend reserve Bills payable Net sales for current year Net profit for current year before taxation and dividend *5,200 1,00,000 21,700 8,625 2,000 12,400 14,000 1,800 2,18,240 32,783
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Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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