From the following details available, prepare a summarised Balance Sheet of ABC Ltd , as at 31st December, 2015 Fixed assets to Networth Current Ratio Acid Test Ratio Reserves included in the Proprietors' Fund Current Liabilities Cash and Bank balances Fixed Assets 0 75 1 5 2 3 2 1 4 2,00,000 10,00...

From the following details available, prepare a summarised Balance Sheet of ABC Ltd., as at 31st December,

Question:

From the following details available, prepare a summarised Balance Sheet of ABC Ltd., as at 31st December, 2015:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

See More Books

Question Posted: Aug 19, 2023 07:44 AM

See More Questions

The following are Summarised Balance Sheet of CD Ltd. as on 31st March, 2015 and 2016: Additional information: (i) 10% Dividend was paid during 2015-16. (ii) Machinery for 60,000 was purchased and...
The following is the summarised Balance Sheet of Cardamom Ltd as on 31st December, 2016. The preference shares were redeemed on 1st January, 2017 at a premium of 10%. A bonus issue of 1 equity share...
The summarised Balance Sheet of XYZ Ltd. as on 31st December, 2014 and 31st December, 2015 are given below: Additional information: (i) Investments costing 8,000 were sold during the year 2015 for ...
Determine the range of the 2x function y = 3 sec 3
When a company records a deferred tax asset, it may need to also report a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized....
1. Lastovica Construction is insured under a commercial general liability (CGL) policy. The firm agreed to build a new manufacturing facility for the Smith Corporation. A heavy machine used by...
An electromagnet in a physics laboratory is damaging electronic apparatus in its vicinity. You suspect that the damage is due to unusually large induced currents created each time the electromagnet...
Support-department cost allocation, reciprocal method (continuation of 15-19). Refer to the data given in Exercise 15-19. 1. Allocate the two support departments costs to the two operating...
18.A sine wave is travelling in a medium. The minimum distance between the two particles, always having same speed, is (1) (2)
From the following ratios and information relating to the activities of Bengal Traders Ltd., find out (a) Sales for the year 2015; (b) Sundry Debtors on 31.12.2015; (c) Sundry Creditors on...
Important ratios of a firm for the year 2015 are given below: The firm expects an increase of 50% in sales in the ensuing year. Estimate the working capital requirement of the firm for the ensuing...
1. When recording the issuance of preferred stock, what amount is credited to the Preferred Stock account if 100 shares of $3 par value preferred stock are issued for $6 per share? a. $600 b. $100 c....
Credit card A charges 16.25% interest, compounded continuously. Credit card B charges 16.3% interest, compounded monthly. What is the effective rate of credit card A? % What is the effective rate...
Interdependency of at least 3 types of role players on each other and how the code of conduct regulates each?
Research the following five brands from the LVMH group, Lois Vuitton, Fendi, Dior, Moet et Chandon and Hennessy. Outline their product ranges, positions within the various markets, and relevance to...
How much cash will DEF Company raise in the following situation the underwriter has sold 50,000 shares at an IPO price of $50, the gross underwriting spread is 5% the legal fees is 70,000 the share...
A stock exchange trader contacts you and explains that he is looking to enter the cryptocurrency market with his own product that is named Z1. The coins currently have little to no value other than...
Explain the difference between full-absorption costing and direct costing.
Using Apple, demonstrate how the differentiation strategy can be well implemented.
Frito-Lay, the massive Dallas, Texas-based subsidiary of PepsiCo, has 38 plants and 48 000 employees in North America. Seven of Frito-Lay's 41 brands exceed $1 billion in sales: Fritos, Lay's...
National Air Express National Air Express is a competitive air-express firm with offices around the country. Mohammed Chaudry, the Ottawa station manager, is preparing his quarterly budget report,...
When is interest generally deductible for cash method taxpayers? Explain if the general rule applies to prepaid interest, interest paid with loan proceeds, discounted notes, and personal interest. If...
Marc and Mikkel are married and file a joint tax return. Marc and Mikkel earned salaries this year of $ 6 6 , 2 0 0 and $ 2 5 , 2 0 0 , respectively. In addition to their salaries, they received...
You are the merchandise manager for Best Buy electronics and have been asked to expand the assortment of music products. Industry trends suggest more people are downloading their music online. How...
What impact has incurring major external debt by LDCs had on global and country income distribution? What impact have attempts to reduce the debt crisis had on income distribution?

From the following details available, prepare a summarised Balance Sheet of ABC Ltd., as at 31st December,

Question:

Fixed assets to Networth Current Ratio Acid Test Ratio Reserves included in the Proprietors' Fund Current Liabilities Cash and Bank balances Fixed Assets.. * ₹ 0.75 1 5:2 3:2 1:4 2,00,000 10,000 6,00,000.

Step by Step Answer:

To prepare the summarized Balance Sheet of ABC Ltd as at 31st December 2015 well need to calculate v...View the full answer

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

Students also viewed these Business questions