+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
The total cost of a fleet of lorries is $ 180,00 and theresidual value after five years is $20,00. Using the diminishing balance method find the rate of annualdepreciation?
Arizona, Inc., produces sun visors. The controller is preparing a budget for Year 2 and asks for your assistance. Prepare a production budget and estimate the materials, labor
Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the City of Martinville for the year ended June 30, 2012. Please make sure you end with the Fu
Love Bug Used Auto Sales asked for your help in comparing the company's profit performance and financial position with the average for the auto sales industry. The proprieto
Evaluate Patterson's contribution margin per unit and contribution margin ratio Evaluate the number of units Patterson must sell to break even
Prepare a sales and production budget for January, February, and March, and prepare a cash receipts schedule for sales and a cash payments schedule for material purchased.
Prepare a schedule to be presented to management for the mileages of 5000, 10 000, 15 000 and 30 000 miles per annum - state the approximate total costs applicable to 18 000 m
Consider the alternative to trashing is choosing the more profitable of the two alternatives (that the new employee looked at and did not like). Find effect will the trashing