Rework the following income statement and balance sheet in vertical form: Particulars To Opening Stock Raw Material
Question:
Rework the following income statement and balance sheet in vertical form:
Transcribed Image Text:
Particulars To Opening Stock Raw Material To Purchase of Raw Material To Direct Wages To Manufacturing Expenses To Administrative Expenses To Depreciation To Preliminary expenses Written off To Selling and Distribution Expenses To Loss on Sale of Plant To Interest on Debentures To Net Profit To Provision for tax To General Reserve To Preference Dividend To Final Dividend To Balance c/f Profit and Loss Account For the year ending March 31, 2009 1,50,000 13,40,000 7,20,000 1,90,000 60,000 60,000 30,000 35,000 5,000 70,000 9,80,000 36,40,000 2,25,000 1,75,000 80,000 2,40,000 3,80,000 11,00,000 Particulars By Sales By Closing Stock Raw Material By Profit on sale of Assets By Balance b/f By Net Profit for the Year 35,00,000 1,00,000 40,000 36,40,000 1,20,000 9,80,000 11,00,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Total ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following income statement and balance sheet for The Athletic Attic are provided. Required: Assuming that all sales were on account, calculate the following risk ratios for 2012: 1. Receivables...
-
The following income statement and balance sheet information are available for two firms, Firm A and Firm B. (a) Calculate the amount of dividends Firm A and Firm B paid using the information given....
-
Find Fac for Fy=285MPa and I/r=37 a. 163.9. B. 165.7. C. 164.65. D.166.3
-
Given the following points: 2,4,10,12,3,20,30,11,25. Assume k = 3, and that we randomly pick the initial means 1=2, 2=4 and 3=6. Show the clusters obtained using K-means algorithm after one...
-
If a subsidiary purchases parent bonds at a price in excess of recorded book value, is the gain or loss attributed to the parent or the subsidiary? Explain.
-
Your employee, Chris, is a clerical worker. Chris uses files, as do the other ten employees in the department. The employees all know that they are supposed to return the files when they are finished...
-
What is an industry/target market feasibility analysis?
-
Due to rapid turnover in the accounting department, a number of transactions involving intangible assets were improperly recorded by the Buek Company in 2014. 1. Buek developed a new manufacturing...
-
Other than the wind speed, what factor has the most impact on the amount of power generated by a wind turbine? Swept area of rotor Turbine style Terrain Blade material.
-
Trial balance of a business as on March 31, 2009 showed Sundry Debtors 1,70,000 and Bad Debts 12,000. Business wishes to maintain a provision for doubtful debts @ 4% for the next year. Show...
-
Rework the following balance sheet in vertical form: Particulars Equity Share Capital (face value 100) 18% Preference Share Capital General Reserve Securities Premium P & L Account 12.5 % Debenture...
-
Midwestern Bank has lent $10 million to finance an equipment sale to Thailand by Lasertech, a major exporter located in Michigan. Both the loan and the sale are priced in U.S. dollars. a. Is...
-
How concurrent employment polarization may impact the decision-making process of Millennials entering the labor market. In doing so, discuss how one of the "cool" new cities for Millennials is...
-
Discuss the two signs suggestive of long-term structural problems and the cost of persistent unemployment from the Great Recession. In doing so, discuss how the automation of routine task activities...
-
What type of costs do you perceive that Advocate Trinity Hospital will incur due to hospital-acquired conditions? Explain.
-
What role do conspiracy theories play in the spread of right-wing extremism ?
-
If an object in uniform circular motion at a radius r , and a velocity v , has a centripetal acceleration of 2 0 m / s ^ 2 . What will the acceleration be if the velocity becomes 2 X as big. ( v > >...
-
Kathy, who is single and 25, inherited $5,500 from her grandmother. A coworker has suggested that Kathy open an individual retirement account with the $5,500. Her friend says that an IRA is a great...
-
Which, if any, of the dichloroethene molecules drawn in Data Table II (3.) (4.) and (5.) are geometric isomers? A. B. C. D. cis-1,2-dichloroethene and trans-1,2-dichloroethene...
-
During the summer of 2002, the financial press reported that Citigroup was being investigated for allegations that it had arranged transactions for Enron so as to intentionally misrepresent the...
-
For most U.S. families, medical costs are substantial and rising. But will medical costs be your most substantial expense over your lifetime? Not likely. Will it be housing or food? Again, not...
-
If your school has a subscription to the FASB Codification, go to aaahq.org/ asclogin.cfm to log in and prepare responses to the following. (a) What is the definition of current liabilities? (b) What...
-
what types of dangers does The Haunted Witch Trials have a duty to warn its patrons?
-
Describe a community service research report elaborating its purpose , history , employees, voluntarees, responsibipties clients reporg etc.
-
How does quality as a measure of reliability create competitive advantage for a firm? It eliminates the need for customer service. It improves responsiveness to customer needs. It increases value for...
Study smarter with the SolutionInn App