sanjay (Protected View) - Wordpratikshit singh PS困FileHomeInsertDrawDesign LayoutReferencesMailingsReviewViewHelpTell me what you want to do& SharePROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View.Enable EditingAccountDr.(Rs)Cr.(Rs)Stock, 1st April 20056,75,000Sales30,60,000Wages2,70,000Share Capital (Authorised Capital 200000 shares of Rs. 10 each)9,00,000Discount27,000Purchases22,05,000Carriage inward8,550Purchases returns90,000Patents & trademark43,200Salaries67,500Bills receivable45,000Sundry expensesBills payable63,45063,000Rent36,000Debtors & creditors2,47,5001,57,500Plant & machinery2,61,000Furniture & fittings1,53,000Cash at Bank4,15,800General reserve1,39,500Profit & loss account 31st March 200554,000Total44,91,00044,91,0001. Outstanding rent amounted to Rs. 7,200 while outstanding salaries Rs.8,100 at the end of theyear.2. Make a provision for doubtful debt amounting to Rs. 4,590.3. Stock on 31st March 2006 was valued at Rs. 7,92,0004. Depreciate plant & machinery @14% and furniture & fitting @18%5. Amortise patent & trademarks @ 5%6. Provide for managerial remuneration @10% of the net profits before tax.7.Make a provision for income tax @ 35%.8. The Board of Director proposes a dividend @ 10% for the year ended 31st March 2006 aftertransfer to general Reserve @ 5% of profit after tax.Page 1 of 1254 words100%20:07O Type here to search日w33%22°C HazeO G 4») ENG29-10-2021 sanjay (Protected View) - Wordpratikshit singh PS困FileHomeInsertDrawDesign LayoutReferencesMailingsReviewViewHelpTell me what you want to do& SharePROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View.Enable EditingBills receivable45,000Sundry expenses63,450Bills payable63,000Rent36,000Debtors & creditors2,47,5001,57,500Plant & machinery2,61,000Furniture & fittings1,53,000Cash at Bank4,15,800General reserve1,39,500Profit & loss account 31st March 200554,000Total44,91,00044,91,0001. Outstanding rent amounted to Rs. 7,200 while outstanding salaries Rs.8,100 at the end of theyear.2.Make a provision for doubtful debt amounting to Rs. 4,590.3. Stock on 31st March 2006 was valued at Rs. 7,92,0004. Depreciate plant & machinery @14% and furniture & fitting @18%5. Amortise patent & trademarks @ 5%6. Provide for managerial remuneration @10% of the net profits before tax.7.Make a provision for income tax @ 35%.8. The Board of Director proposes a dividend @ 10% for the year ended 31st March 2006 aftertransfer to general Reserve @ 5% of profit after tax.Required1. Prepare the following financial statement of Sanjay Industries LtdProfit and loss account for the year ended 31st 2006.а.b. Profit and loss appropriation account for the year ended 31st March 2006.c. Balance sheet as on 315t March 20062. Briefly comment upon the performance of the company.Page 1 of 1254 words100%20:07O Type here to search日33%22°C HazeO G 4») ENG29-10-2021

Introuduction: Cash reserves are a company's total net income kept by the company at a certain point…

Account Dr.(Rs) Cr.(Rs) Stock, 1st April 2005 6,75,000 Sales 30,60,000 Wages 2,70,000 Share Capital (Authorised Capital 200000 shares of Rs. 10 each) 9,00,000 Discount 27,000 Purchases 22,05,000 8,550 Carriage inward Purchases returns Patents & trademark Salaries 90,000 43,200 67,500 45,000 63,450 Bills receivable Sundry expenses Bills payable 63,000 Rent 36,000 Debtors & creditors 2,47,500 1,57,500 Plant & machinery Furniture & fittings 2,61,000 1,53,000 Cash at Bank 4,15,800 General reserve 1,39,500 54,000 44,91,000 44,91,000 Profit & loss account 31st March 2005 Total 1. Outstanding rent amounted to Rs. 7,200 while outstanding salaries Rs.8,100 at the end of the year. 2. Make a provision for doubtful debt amounting to Rs. 4,590. 3. Stock on 31" March 2006 was valued at Rs. 7,92,000 4. Depreciate plant & machinery @14% and furniture & fitting @18% 5. Amortise patent & trademarks @ 5% 6. Provide for managerial remuneration @10% of the net profits before tax. 7. Make a provision for income tax @ 35%. 8. The Board of Director proposes a dividend @ 10% for the year ended 31" March 2006 after transfer to general Reserve @ 5% of profit after tax.

Account Dr.(Rs) Cr.(Rs) Stock, 1st April 2005 6,75,000 Sales 30,60,000 Wages 2,70,000 Share Capital (Authorised Capital 200000 shares of Rs. 10 each) 9,00,000 Discount 27,000 Purchases 22,05,000 8,550 Carriage inward Purchases returns Patents & trademark Salaries 90,000 43,200 67,500 45,000 63,450 Bills receivable Sundry expenses Bills payable 63,000 Rent 36,000 Debtors & creditors 2,47,500 1,57,500 Plant & machinery Furniture & fittings 2,61,000 1,53,000 Cash at Bank 4,15,800 General reserve 1,39,500 54,000 44,91,000 44,91,000 Profit & loss account 31st March 2005 Total 1. Outstanding rent amounted to Rs. 7,200 while outstanding salaries Rs.8,100 at the end of the year. 2. Make a provision for doubtful debt amounting to Rs. 4,590. 3. Stock on 31" March 2006 was valued at Rs. 7,92,000 4. Depreciate plant & machinery @14% and furniture & fitting @18% 5. Amortise patent & trademarks @ 5% 6. Provide for managerial remuneration @10% of the net profits before tax. 7. Make a provision for income tax @ 35%. 8. The Board of Director proposes a dividend @ 10% for the year ended 31" March 2006 after transfer to general Reserve @ 5% of profit after tax.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Answer the following questions:
Help me please asap. Do not use any AI. It's strictly prohibited.
Solve all the problems
CengageNOWv2 | Online teachin X = Ch. 12 Key Terms - Principles of A X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ow to Cancel Your. F Startup Opportuniti. V How brands are co... Assignment Practic.. A COVID-19 Student. . C20-128PR01-: Record the journal entries for each of the following payroll transactions. If an amount box does not require, leave it blank. Apr. 2 Paid $640 and $300 cash to a federal depository for FICA Social Security and FICA Medicare, respectively. Apr. 4 Paid accumulated employee salaries of $16,220. Apr. 11 Issued checks in the amounts of $480 for federal income tax and $300 for state income tax to an IRS-approved bank. Apr. 14 Paid cash to health insurance carrier for total outstanding health insurance liability of $800. Apr. 22 Remitted cash payments for FUTA and SUTA to federal and state unemployment agencies in the amounts of $130 and $250, respectively. Аpг. 2 Apr. 4 Apr. 11 Apг. 14 Apг. 22 78°F…
ChatGi X Gincome X > DeepL X zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mhe Questi X ssignment i Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. $ 5,900 1,000 3,600 14,800 Cash Accounts Receivable Supplies Equipment Accounts Payable Hawkin, Capital, December 1 Hawkin, Withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense HAWKIN Statement of Owner's Equity For Month Ended December 31 Hawkin, Capital, December 1 Add: Investments by owner Hawkin, Capital, December 31 6,400 15,300 1,800 $ 16,400 8,000 1,900 1,100 QS 1-16 (Algo) Preparing a statement of owner's equity LO P2 Use the above information to prepare a statement of owner's equity for Hawkin for the month ended December 31. Hint: Owner investments are $0 for the period. 0 Copia d X 0 0 chat.op X Log…
[... AutoSave ● Off H Page 1 of 3 402 words File Home Insert Draw Design Layout References Mailings Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Text Predictions: On ✓ Type here to search Lab #18 - Protected View • Saved to this PC ✓ 1 ¶ 1...... 2 Compute the total·and'annual returns on the described investment. (Round to hundredths place)¶ 5.→Five years after paying $12,683 for shares in a new company, you sell the shares for $7154.¶ ¶ Total Return Total Return O Search (Alt+Q) ¶ ¶ 6.→Seven years after paying$ 6213 for shares in a new company, you sell the shares for $19,208.1 ¶ Total Return Enable Editing 34・・・・ 51 6. 71N E Annual Return 7.→Five years after buying 500 shares of a stock for $50 per share, you sell the stock for $10,000. ¶ ¶ File Explorer Annual Return 0 ¶ 8. →Four years after buying 200 shares of a stock for $25 per share, you sell the stock for $2000. 1 Total…
Logic itled form /e/1FAlpQLSddtl3jMNXR1Z_FruZfld9vTWQBWIIXPOt8Gf5XJFq3pjMM 2.a Give example of a proof ? * Your answer 3. What is certainty ? * Your answer 3.a Give example of certainty ? * Your answer Submit Never submit passwords through Google Forms. This form was created outside of your domain. Report Abuse-Terms of S !
*CengageNOWv2| x Calendar in Conne X нсс МуEagle Mail - christian.bya X x b My Questions | bai x n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false G Password Manage x + ve... its The Hub Webcam Toy LetMeWatchThis HISD Application Othe еBook Print Item Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a charge for each copy made. The company uses the high-low method to analyze costs. If Markson paid $330 for 5,000 copies and $290 for 4,000 copies, how much would Markson pay if it made 8,600 copies? Total cost $ Feedback Check My Work For the two listed amounts, find the difference between the highest and lowest amounts each to apply the high low method. The differences between the two highest and lowest amounts from both columns are used to calculate the variable cost per unit using the method. Once that amount is determined, the total costs is made up of the total fixed and variable costs.…
Start Here-Introduction to Man X * CengageNOwv2 | Online teachin x v.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail O YouTube Maps I KOT4X Kings of Tra. A Tradingview * MindTap - Cengage.. еВook Show Me How Calculator Support Department Cost Allocation-Reciprocal Services Method Brewster Toymakers Inc. produces toys for children. The toys are produced in the Molding and Assembly departments. The Janitorial and Security departments support the production of the toys. Costs from the Janitorial Department are allocated based on square feet. Costs from the Security Department are allocated based on asset value. Relevant department information is provided in the following table: Janitorial Security Molding Assembly Department Department Department Department Square feet 650 1,600 1,600 4,800 Asset value $200 $220 $1,800 $2,000 Department cost $2,000 $1,600 $10,800 $12,200 Using the reciprocal services method of support department…
omework x ezto.mheducation.com/ext/map/index.html?_con3con&external_browser%3D0&launchUrl=https%253A%252F%252Ffaytechcc.blackboard.co.. Q E User Management,. H https://outlook.offi. FES Protection Plan System 7 - North C... ework Exercises Saved Help Bushard Company (buyer) and Schmidt, Inc. (seller), engaged in the following transactions during February 20X1: Bushard Company DATE TRANSACTIONS 20X1 Feb. 10 Purchased merchandise for $6,800 from Schmidt, Inc., Invoice 1980, terms 1/10, n/30. 13 Received Credit Memorandum 230 from Schmidt, Inc., for damaged merchandise totaling $380 that was returned; the goods were purchased on Invoice 1980, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1980 of February 10, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE TRANSACTIONS 20X1 Feb. 10 Sold merchandise for $6,800 on account to Bushard Company, Invoice 1980, terms 1/10, n/30. The cost of merchandise sold was $3,900. 13 Issued…
42 O Browser geNOWv2 | Online teachin X + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false DSU AcadCalendar C crunchy roll crunchy roll A Home - Hudl Spotify EReadir U D2L O DSU Support PDSU WebMail O DSU Account Monaco & Associates Use the following five transactions for Monaco & Associates, Inc. to answer the question(s). October 1 Bills are sent to clients for services provided in September in the amount of $800. Dravo Co. delivers office furniture ($1,060) and office supplies ($160) to Monaco 6 leaving an invoice for $1,220. 15 Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9. 23 A bill for $430 for electricity for the month of September is received and will be paid on its due date in November. 31 Salaries of $850 are paid to employees. Based only on these transactions, what is the total amount of expenses that should appear on the income statement for the month of October? Oa. $1,280 Ob. $430…
ces - Cor X nheducation.com/ext/map/index.html?_con=con&external_ browser%=D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g.. PTC Pathway | Login S The GOAT. Let's gra. @ Encrypted Messages O Cisco Webex Meeti. Sign In in Connect Connect Math - T'.. Deborah meeting r. ses i Saved Help Save & Exit Submit Check my work On a given day a stock dealer maintains a bid price of $1,006.50 for a bond and an ask price of $1,009.75. The dealer made 19 trades that totaled 950 bonds traded that day. What was the dealer's gross trading profit for this security? Multiple Choice $950.00 $1,173.25 $3,087.50