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1.From the following information you are required to prepare a cash Flow statement of XYZ Ltd for the year ended 31st December 2009
LIABILITIES
2008
2009
ASSETS
Share Capital
100000
200000
Fixed Assets
Profit and loss account
50000
70000
Goodwill
40000
General reserve
30000
Inventories
6% Bonds
60000
Debtors
80000
Sundry Creditors
Bills Receivable
10000
Outstanding Expenses
15000
Bank
270000
435000
2. The Balance Sheet as on 31st December 2009 is as follows:
Amount(Rs)
Equity Share Capital
2000000
Fixed Assets (Net)
1700000
General Reserves
Secured Loans:
Fixed 300000
600000
Current Assets:
Stock
700000
300000
Cash Credit 300000
Loans and Advances
Current Liabilities
3400000
Compute:
i) Debt - Equity ratio
ii) Current Ratio
Q. A prior period adjustment that corrects income of a prior period requires that an entry be made to a. an income statement account. b. a current year revenue or expense account.
all types of assets
Illustration: Computation of retained profits acquisition Normal 0 false false false EN-US X-NONE X-NONE MicrosoftIn
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