Taking the data of Example 2, classify different liability items as provided under Indian GAAP. Data from
Question:
Taking the data of Example 2, classify different liability items as provided under Indian GAAP.
Data from Example 2
Classify the following items into different categories of assets as provided under India GAAP.
Transcribed Image Text:
Liabilities Owner's Capital Secured Bank Loan Bank Overdraft Sundry Creditors Tax payable Outstanding Expenses Balance Sheet as on March 31, 2010 Amount () Assets 19,00,000 11,50,000 70,000 30,000 2,85,000 1,50,000 35,85,000 Land & Building Plant & Machinery Furniture Investment Stock Sundry Debtors Bills Receivables Cash and Bank Pre-paid Expenses Marketable Securities Preliminary Expenses Goodwill Patents Amount (*) 15,30,000 11,10,000 2,20,000 90,000 95,000 1,75,000 25,000 80,000 15,000 20,000 40,000 1,10,000 75,000 35,85,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
LongTerm Liabilities Owners ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Prepare schedule of changes in NWC by taking the data of Example 2 by considering proposed dividend and provision for tax as an appropriation of profits. Data from Example 2 Prepare schedule of...
-
By taking the data of Example 4, assume that the clause (iv) is replaced with the clause HL is to issue additional number of shares if market price of its shares falls below 21 by the end of...
-
(a) Show that the neutral pion cannot be composed solely of any pair of quarks in which one is an up quark (or an anti-up quark) and one is a down quark (or an anti-down quark). (b) According to...
-
Indicate whether the following statements about the conceptual framework are true or false. If false, provide a brief explanation supporting your position. (a) The fundamental qualitative...
-
The 10-lb rectangular plate is at rest on a smooth horizontal floor. If it is given the horizontal impulses shown, determine its angular velocity and the velocity of the mass center. T 0.5 ft 5 20...
-
Alcatel Companys financial statements for 2018 are shown below: a. Compute the ratios listed above for Alcatel. b. Compared to the industry: 1. How liquid is the firm? 2. Are its managers generating...
-
OnDecember 31 2007, Karmansky Company needed to record its accrued wages for year-end. December 31 is a Tues, and Karmasky Company must account for two days of wages. The company operates on a...
-
The amount of realized gain to be recognized in a tax year is equal to the gross profit multiplied by the ratio of payments received in the current year divided by the total contract price. ...
-
The following deals were executed between SBI and PNB on January 21, 2011: Deal 1: Ten thousands GOI-2012 Series bonds of face value 100 each were purchased by SBI from PNB at a price of 95 per bond...
-
ABL Ltd holds 60% shares with voting rights of Deepak Agro Ltd (DAL) and 51% shares of Amit Agro Ltd (AAL). DAL holds shares of the following companies: (i) XY Ltd 10% shares with voting rights (ii)...
-
The Stoney Company sells many products. Wolie is one of its popular items. Below is an analysis of the inventory purchases and sales of Wolie for the month of March. Stoney Company uses the periodic...
-
a UML diagram for the project based on the resources provided and also your inputs . JAVA: Complete the below project in JAVA coding. The basic system components. Jukebox CD Song Artist Playlist...
-
Suppose you choose between a composite good (c) and movie tickets purchased in a month. Draw the budget constraint and the optimal choice when given standard indifference curves. Now, change the...
-
After examining and analyzing the information seen in the two (2) tables below, use Excel to perform the following exercise. Use a different tab on the worksheet to m requested. Carmen Ramos started...
-
4) Calculate the force on the charge q1 in the diagram below. The side length of the square is 2.5 cm. Use the typical xy coordinate system (+x to right, +y toward top of page). A) 166 N @ 45 B) 117...
-
You decide to invest $200,000 in cryptocurrencies and you use that amount to buy bitcoin. Your bitcoin appreciate by 20% in one month, at which point you liquidate half your position for cash, which...
-
Derrick Lowery, Jacob Giles, Joseph Dooley, and Dillon Spurlock were all varsity football players at Jefferson County High School. Discontented with their coach and his methods, the students began to...
-
A supermarket chain is interested in exploring the relationship between the sales of its store-brand canned vegetables (y), the amount spent on promotion of the vegetables in local newspapers (x1)...
-
Explain where each of these items would appear on a multiple-step income statement: gain on disposal of plant assets; cost of goods sold; depreciation expense; and sales returns and allowances.
-
Explain where each of these items would appear on a multiple-step income statement: gain on disposal of plant assets; cost of goods sold; depreciation expense; and sales returns and allowances.
-
Berry Company sold goods with a total selling price of $800,000 during the year. It purchased goods for $380,000 and had beginning inventory of $67,000. A count of its ending inventory determined...
-
Consider the expression 27x, which simplifies to an expression in the form AB. Simplify this expression completely and place the appropriate number/expression in the boxes given. Answer: 27x= AB,...
-
Can you Research the following terms online and record their definitions on a Word document in your own words (please do not copy and paste from a website). Provide an example for each definition....
-
How do structural-functional theories elucidate the role of deviance in societal equilibrium and stability ?
Study smarter with the SolutionInn App