+1-415-670-9189
info@expertsmind.com
Evaluate market value of shares
Course:- Cost Accounting
Reference No.:- EM13298387




Assignment Help
Assignment Help >> Cost Accounting

Ahsan seeds limited was incorporated with a nominal capital of Rs. 10,00,000 composed of equity shares of Rs. 10 each. The following trial balance was extracted from the books as on 31st December 1993.

                                                                                 Dr                                   Cr

                                                                                 Rs                                   Rs

Share capital (fully called-up)                                                                     4,00,000

Stock????????..                                 1,00,000

Gross profit??????                                                                          2,00,000

Sundry debtors and creditors?                          1,45,000                           30,000

Fixed assets (at cost):

Furniture????                                              60,000

Motorcar????                                              21,000

Premises????                                               2,00,000

Depreciation provision up to

31st December , 1992:

furniture?????.                                                                                    10,000

motorcar?????                                                                                    6,000

premises?????                                                                                     5,000

salaries??????                                       35,000

printing & stationary???                              1,000

postage & telegrams???.                              1,500

motor car expenses???...                               4,500

investments in shares (at cost)                            15,000

dividends                                                                                                            1,500

audit fee                                                                750

directors fee                        &nbõnsx.øi5nbsp;                             1200

profit and loss account 31-12-1992?.                                                               26.000

cash at bank???????                             91.680

cash in hand???????                             1.870

TOTAL                                                              6, 78,500                                6, 78,500           

The following further particulars are available:

1. market value of shares as on 31st December 1993 Rs. 16,000.

2. depreciation to be provided on furniture at 10% motor car at 0%. Premises at 2.5%

3. provision to be made for :taxation Rs.70,000: proposed dividens at 15% you are reuired to draw up the:

(a) profit and loss account for the year 1993

(b) profit & loss appropriation account

(c) balance sheet as at December 1993




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Cost Accounting) Materials
Explain the potential benefits of operating a transfer pricing system within a divisionalised company - Calculate comment on the results - Compare and contrast the use of resi
What is the actual per-unit cost? The bid price is based on expected costs. How much did Nutratask gain (or lose) because of the actual costs differing from the expected c
Prepare a statement to show for each product: the selling price, variable cost and contribution per unit; calculate the sales volumes needed to comply with the decisions
Your company bought a 30-second advertisement that aired during the Super Bowl at a cost of $1.2 million. It is legally obligated to pay for the ad but has not yet done so.
Rosa Corporation acquired its 90% interest in González Farm on January 1, 2005, when González Farm had $150,000 of Capital Stock and $70,000 of Retained Earnings. González F
Describe using no more than 200 words, what is a protein and how could we model and simulate it using classical mechanics and computer programs.
Prepare all required journal entries and post them to Shine King's ledger and reconcile the Accounts receivable control account to the Accounts receivable subsidiary ledger.
Prepare its income statement and statement of stockholders' equity for the current year, and its balance sheet for the current year-end. Cash dividends were $8,000 and there