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

Weakness in internal control of procedure for purchase, You have been engag...

You have been engaged internal auditor by the management of Alden proprietary limited to review its internal control over the purchases, receipt, storage and issue of raw material.

General principles of accounting, Q. General principles of accounting? ...

Q. General principles of accounting? Organizations that have contributed towards the development of the principles are the 1)American Institute of Certified Public Accountants

Prepare the adjusting entry needed for hi-tech, Scenario Sara Jones ope...

Scenario Sara Jones opened a technical consulting business called Hi-Tech For the Future earlier in the year. So far, she has been successful in providing services and selling

What is an accrual?, Accrual basis of accounting means that the costs or re...

Accrual basis of accounting means that the costs or revenues of events are renowned in the period in which they happens; by the cash flows may take place in another accounting peri

Workers compensation insurance, Workers compensation insurance Workers...

Workers compensation insurance Workers compensation insurance provides protection for employees who suffer a job-related illness or injury. Entire cost is generally paid by t

Balance sheet, what accounts go into a balance sheet

what accounts go into a balance sheet

What is owners invested cash, Q. What is Owners invested cash? When Met...

Q. What is Owners invested cash? When Metro Courier Inc was structured as a corporation on 2010 June 1 the company issued shares of capital stock for USD 30000 cash to Ron Chan

Determine in brief about the sales activity, Determine in brief about the S...

Determine in brief about the SALES ACTIVITY Just as merchandizing businesses follow specific procedures to process and record purchases, they follow numerous procedures to proc

Describe about chain discount, Q. Describe about chain discount? Occasi...

Q. Describe about chain discount? Occasionally the list price of a product is subject to several trade discounts this series of discounts is a chain discount. Chain discounts s

What do you understand by revenue, Q. What do you understand by Revenue? ...

Q. What do you understand by Revenue? Revenue -- Amounts received by or due a company for services or goods it provides tocustomers. Receipts are cash revenues. Revenues can al

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