Prepare a statement of funds, Accounting Basics

Assignment Help:

Q. Balance Sheets of a limited company are shown in figure as on 31st December, 2008 and 2009:

2167_Prepare a statement of Funds.png

Taking into account the following additional information, give a statement of Funds and Schedule of modifications in Working Capital:

a. Provision of Rs.9,000 for Income-Tax was made during the year.

b. Dividend was paid Rs.6,000. 

c. Rs.3,600 was written off as Depreciation on Plant.


Related Discussions:- Prepare a statement of funds

Banking sector, effects of technology in banking sector

effects of technology in banking sector

Explain about long-term assets, Q. Explain about Long-term assets? Long...

Q. Explain about Long-term assets? Long-term assets are assets that a business has on hand or else uses for a relatively long time. Examples include plant, property and equipme

Describe about assets, Q. Describe about Assets? Assets are things of w...

Q. Describe about Assets? Assets are things of worth owned by the business. They are as well called the resources of the business. Illustration includes machines, cash and buil

In accounting, 1. what is accounting ? 2. what should we/i do to know accou...

1. what is accounting ? 2. what should we/i do to know accounting 3. what are the basics of accounting? 4 is accounting is hard ?

How to deal barter transactions?, How to create account for barter transact...

How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.

Accounting, briefly explain the accounting concepts which guide the account...

briefly explain the accounting concepts which guide the accountant at the recording stage

Prepare financial statements, Accounting information systems' output is req...

Accounting information systems' output is required by external and internal users for decision making. you are required to use the following trial balance to prepare financial stat

Accounting, What is the difference between financial statements prepared fr...

What is the difference between financial statements prepared from the expanded accounting equation and those prepared from a trial balance?k question #Minimum 100 words accepted#

Solvency ratios (long term), S olvency Ratios (Long Term): These Ratios m...

S olvency Ratios (Long Term): These Ratios measure the long term financial provision of the firm. Creditors and Bankers are mainly interested in liquidity. But shareholders, and

Ryan''s express has total credit sales, Ryan's Express has total credit sal...

Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on Decemb

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd