From the following Balance Sheet and information of Sunlite Ltd., fill in the blanks: (Note: Show...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
From the following Balance Sheet and information of Sunlite Ltd., fill in the blanks: (Note: Show the working after each answer) 1. Net Profit before Taxation and Extraordinary items= 2. Operating Profit before Working Capital Changes = 3. Net Cash from/(used in) Operating Activities = 4. Net Cash from/(used in) Investing Activities = 5. Net Cash from/(used in) Financing Activities = Balance sheet of SunLite Ltd. as on 31 March, 2019 and 31st March, 2018 are as follows: 31st March, 2019 31st March, 2018 I. EQUITY AND LIABILITIES 1. Shareholder's Funds (a) Share Capital (b) Reserves and Surplus 2. Non-Current Liabilities Long term Borrowings: 10% Debentures 3. Current Liabilities (a) Trade Payables (b) Other Current Liabilities (c) Short-term Provisions (Provisions for Tax) Total II. ASSETS Particulars 1. Non-current Assets (a) Fixed-assets (Tangible) (b) 10% Investments 2. Current Assets (a) Current Investments (b)Inventories (c) Trade Receivables (d) Cash and Cash Equivalents Total Notes to accounts Particulars Note No. 1 2 3 450000 255000 200000 133000 5000 12000 1055000 620000 80000 10000 90000 185000 70000 1055000 500000 100000 100000 46000 10000 24000 780000 510000 30000 8000 100000 90000 42000 780000 31st March, 31st March, 2019 2018 1. Share Capital Equity share capital 12% Preference share capital 2. Reserves and Surplus Securities Premium Reserve Surplus i.e. Balance in Statement of Profit and Loss 3. Other Current Liabilities Premium on Redemption of Preference Shares 4. Trade Receivables Sundry Debtors Less: Provision for doubtful debts Additional Information- During the year: 350000 100000 450000 5000 250000 255000 5000 200000 -15000 185000 1. A machine with a book value of Rs. 40000 was sold for Rs. 25000 300000 200000 500000 100000 100000 6. Fresh Equity Shares were issued at a premium of 10% on 31st March, 2019 7. Interest paid on Debentures 8. Interest received on Investments 10000 100000 -10000 90000 2. Depreciation charged during the year was Rs. 70000 3. Preference shares were redeemed on 31st December, 2018 at a premium of 5% 4. An interim Dividend @15% was paid on Equity Shares on 31st Januray, 2019 5. Dividend @ 12% was proposed on Preference Shares for the year ended 31st March, 2019 on Rs. 100000 and for the year ended 31st March, 2018 on Rs. 200000 From the following Balance Sheet and information of Sunlite Ltd., fill in the blanks: (Note: Show the working after each answer) 1. Net Profit before Taxation and Extraordinary items= 2. Operating Profit before Working Capital Changes = 3. Net Cash from/(used in) Operating Activities = 4. Net Cash from/(used in) Investing Activities = 5. Net Cash from/(used in) Financing Activities = Balance sheet of SunLite Ltd. as on 31 March, 2019 and 31st March, 2018 are as follows: 31st March, 2019 31st March, 2018 I. EQUITY AND LIABILITIES 1. Shareholder's Funds (a) Share Capital (b) Reserves and Surplus 2. Non-Current Liabilities Long term Borrowings: 10% Debentures 3. Current Liabilities (a) Trade Payables (b) Other Current Liabilities (c) Short-term Provisions (Provisions for Tax) Total II. ASSETS Particulars 1. Non-current Assets (a) Fixed-assets (Tangible) (b) 10% Investments 2. Current Assets (a) Current Investments (b)Inventories (c) Trade Receivables (d) Cash and Cash Equivalents Total Notes to accounts Particulars Note No. 1 2 3 450000 255000 200000 133000 5000 12000 1055000 620000 80000 10000 90000 185000 70000 1055000 500000 100000 100000 46000 10000 24000 780000 510000 30000 8000 100000 90000 42000 780000 31st March, 31st March, 2019 2018 1. Share Capital Equity share capital 12% Preference share capital 2. Reserves and Surplus Securities Premium Reserve Surplus i.e. Balance in Statement of Profit and Loss 3. Other Current Liabilities Premium on Redemption of Preference Shares 4. Trade Receivables Sundry Debtors Less: Provision for doubtful debts Additional Information- During the year: 350000 100000 450000 5000 250000 255000 5000 200000 -15000 185000 1. A machine with a book value of Rs. 40000 was sold for Rs. 25000 300000 200000 500000 100000 100000 6. Fresh Equity Shares were issued at a premium of 10% on 31st March, 2019 7. Interest paid on Debentures 8. Interest received on Investments 10000 100000 -10000 90000 2. Depreciation charged during the year was Rs. 70000 3. Preference shares were redeemed on 31st December, 2018 at a premium of 5% 4. An interim Dividend @15% was paid on Equity Shares on 31st Januray, 2019 5. Dividend @ 12% was proposed on Preference Shares for the year ended 31st March, 2019 on Rs. 100000 and for the year ended 31st March, 2018 on Rs. 200000
Expert Answer:
Answer rating: 100% (QA)
1 Net Profit before Taxation and Extraordinary items 15000 Working Net Profit before Taxation and Ex... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The following balance sheet and income statement data were taken from the records of Standard Center Manufacturing for the year ended December 31, 2018. The company sells goods and provides services....
-
The following balance sheet and income statement data were taken from the records of Harbaugh Auto Supply for the year ended December 31, 2018: The company sells goods and provides services. All...
-
The following balance sheet and income statement data were taken from the records of Steeler and Jones for the year ended December 31, 2018: Prepare the operating section of the statement of cash...
-
Jane Doe is single and claims 2 withholding allowances. If her weekly gross earning is $1,450, then determine the Federal Withholding Tax.
-
The following transactions relate to Khan, Inc., a sporting goods wholesaler, during November of this year. Terms of sale are 2/ 10, n/ 30. The company is located in Denver, Colorado. Nov. 3 Sold...
-
What decides the variable-overhead efficiency variance?
-
The boundary condition corresponding to the free end of a bar in longitudinal vibration is given by a. \(u(0, t)=0\) b. \(\frac{\partial u}{\partial x}(0, t)=0\) c. \(A E \frac{\partial u}{\partial...
-
Reeves Company manufactures molded candles that are finished by hand. The company developed the following standards for a new line of drip candles: Amount of direct materials per candle ......1.6...
-
Find the angle between the vectors. (First find an exact expression of the cosine angle and then the approximate angle to the nearest degree.) a = 7i4j + k, b = 6i - k exact approximate 34 Submit...
-
Adam Rust looked at his mechanic and sighed. The mechanic had just pronounced a death sentence on his road-weary car. The car had served him wellat a cost of $500 it had lasted through four years of...
-
Create a local user account. Grace. # Create a user Linux with UID 2332 and GID 500 Create a user account test2022 with a secondary group (Team) Create a local user Natasha without login access. #...
-
"What are the elements of Customer Service and how do they interact with logistics processes to optimize the channel's primary economic value, time and place?" "Service" and "Satisfaction" have...
-
Consider the opportunity of applying for a position with a new organization. What would you like the employer to know about you? How does your Strengths Test accent your potential within that...
-
Question 1 The field of technology is constantly changing with new software applications, methods of delivery, information security challenges, etc. Provide examples of different sources that would...
-
1. Define what is meant by a cost trade-off. Do you believe that this concept is workable? Why or why not? 2. What are the major drivers of supply chain performance? 3. W.W. Grainger's strategy is...
-
Essay on Describe the approaches to resource scheduling. Which tactics might a Project Manager consider when optimizing the resource allocation for a project? Identify any assumptions / implications...
-
Assume that the data rate on a link if a user is using the full bandwidth is 100 Mbps. Assume that the bandwidth is 200 MHz. That is, each Hz of bandwidth can support 0.5 bits/s. The data rate...
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
The following balance sheet and income statement data were taken from the records of Mako Retail Supply for the year ended December 31, 2018: Prepare the operating section of the statement of cash...
-
May berry Enterprises has two sources of revenue. It sells advertising displays to retail firms and provides a consulting service on how to mount and use these displays. You represent a large...
-
Pendleton Enterprises began operations on January 1, 2016. Balance sheet and income statement information for 2016, 2017, and 2018 follow: REQUIRED: a. Prepare the operating sections of the statement...
-
Natural gas (methane) flows from a 3-in.-diameter gas main, through a 1-in.-diameter pipe, and into the burner of a furnace at a rate of \(100 \mathrm{ft}^{3} /\) hour. Determine the pressure in the...
-
Calculate the Reynolds numbers for the flow of water and for air through a 4-mm-diameter tube, if the mean velocity is \(3 \mathrm{~m} / \mathrm{s}\) and the temperature is \(30^{\circ} \mathrm{C}\)...
-
SAE 30 oil at \(60^{\circ} \mathrm{F}\) flows through a 2-in.-diameter pipe with a mean velocity of \(5 \mathrm{ft} / \mathrm{s}\). Determine the value of the Reynolds number (see Example 1.4)....
Study smarter with the SolutionInn App