Prepare a statement from the following financial information of ABC company, to explain the causes of increase
Question:
Prepare a statement from the following financial information of ABC company, to explain the causes of increase in cash despite the firm incurring losses.
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Income statement Sales Dividends from investment in another company Expenses Cost of goods sold Depreciation Other operating expenditure Interest Loss on sale of plant (sale value, *7.2) Net loss Retained earnings Beginning balance Net loss Dividends Ending balance Position statement Cash Sundry debtors Inventory Prepayments Investments Land Plant and machinery Accumulated depreciation Total assets Accounts payable 400 50 175 1.6 3.0 Previous year 19.2 28.6 33.0 2.2 18.0 15.0 119.8 (75.2) 160.6 18.2 600.0 3.6 603.6 629.6 (26) (Amount in lakh) *50 (26) (16) 8 (Amount in lakh) Current year 743.2 16.8 22.0 1.8 18.0 15.0 110.4 (78.4) 148.8 10.2
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Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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