+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
Assume the funds will accumulate in a certificate of deposit paying 8%interset compounded annually. If John were to deposit a single amount, how much would he have to invest
Evaluate the absorption costing net operating income for last year and evaluate the absorption costing net operating income for this year
Bonds that may be exchanged for common stock at the option of the bondholders are called and Bonds that are subject to retirement at a stated dollar amount prior to maturity a
Variable finishing costs are expected to be $7 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis showing whether Chudrick should sell unfinis
Explain briefly what is revealed by the ratios and other calculations in the context of the company's profitability, asset efficiency, liquidity, capital structure, and mark
According to the information in the table, what is the cost of equity using the capital asset pricing model (CAPM)? What is the cost of equity using the bond yield plus risk p
How does carrying ‘‘flops'' in inventory overstate assets and profits? When do you think the cost of a movie that turns out to be a flop should be written off (that is, exp
The contribution margin in mall store is $200,000. Total fixed costs are $90,000 in downtown store and $93,000 in the mall location. How much are sales at mall location?