Question 2 Find out the average capital employed of ND Ltd. from its summarized Balance Sheet...
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Question 2 Find out the average capital employed of ND Ltd. from its summarized Balance Sheet as at 31st March, 2017: Liabilities Share Capital: Equity shares of ₹ 10 each 9% Preference shares fully paid up Reserve and Surplus: General reserve Profit and Loss Secured loans: 16% Debentures 16% Term loan Cash credit Trade Payables Provision for taxation Dividend payable on: Equity shares Preference shares (in lakhs) Assets Fixed Assets: 50.00 Land and buildings 10.00 Plant and machinery Furniture and fixture 12.00 Vehicles 19.50 Investments Inventory 5.00 Trade Receivables 18.00 Cash and bank 13.30 2.70 6.40 10.00 0.90 147.80 Non-trade investments were 20% of the total investments. Balances as on 1.4.2016 to the following accounts were: Profit and Loss account 8.20 lakhs, General reserve 6.50 lakhs. (in lakhs) 25.00 80.25 5.50 5.00 10.00 6.75 4.90 10.40 147.80 Question 2 Find out the average capital employed of ND Ltd. from its summarized Balance Sheet as at 31st March, 2017: Liabilities Share Capital: Equity shares of ₹ 10 each 9% Preference shares fully paid up Reserve and Surplus: General reserve Profit and Loss Secured loans: 16% Debentures 16% Term loan Cash credit Trade Payables Provision for taxation Dividend payable on: Equity shares Preference shares (in lakhs) Assets Fixed Assets: 50.00 Land and buildings 10.00 Plant and machinery Furniture and fixture 12.00 Vehicles 19.50 Investments Inventory 5.00 Trade Receivables 18.00 Cash and bank 13.30 2.70 6.40 10.00 0.90 147.80 Non-trade investments were 20% of the total investments. Balances as on 1.4.2016 to the following accounts were: Profit and Loss account 8.20 lakhs, General reserve 6.50 lakhs. (in lakhs) 25.00 80.25 5.50 5.00 10.00 6.75 4.90 10.40 147.80
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Answer rating: 100% (QA)
Answer Capital employed Rs 10040 lakhs Average capital employed Rs 9065 lakhs Explanation in step by ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
Posted Date:
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