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b) What are the objectives of financial statements? Prepare the balance sheet from the following information for year ended 30th December 2015. Land & Building Plant & Machinery Outstanding expenses Advance Income Debtors Cash in hand Prepaid Insurance Inventories Write short notes on: (Any two) 50,000 30,000 500 500 10,000 5,000 1,000 25,000 Goodwill Creditors Loan Investment Reserve Patent Furniture Capital 10,000 20,000 15,000 20,000 6,000 5,000 4,000 1,18,000

b) What are the objectives of financial statements? Prepare the balance sheet from the following information for year ended 30th December 2015. Land & Building Plant & Machinery Outstanding expenses Advance Income Debtors Cash in hand Prepaid Insurance Inventories Write short notes on: (Any two) 50,000 30,000 500 500 10,000 5,000 1,000 25,000 Goodwill Creditors Loan Investment Reserve Patent Furniture Capital 10,000 20,000 15,000 20,000 6,000 5,000 4,000 1,18,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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b) What are the objectives of financial statements? Prepare the balance sheet from the following information for year ended 30th December 2015. Land & Building Plant & Machinery Outstanding expenses Advance Income Debtors Cash in hand Prepaid Insurance Inventories Write short notes on: (Any two) 50,000 30,000 500 500 10,000 5,000 1,000 25,000 Goodwill Creditors Loan Investment Reserve Patent Furniture Capital 10,000 20,000 15,000 20,000 6,000 5,000 4,000 1,18,000
Transcribed Image Text:b) What are the objectives of financial statements? Prepare the balance sheet from the following information for year ended 30th December 2015. Land & Building Plant & Machinery Outstanding expenses Advance Income Debtors Cash in hand Prepaid Insurance Inventories Write short notes on: (Any two) 50,000 30,000 500 500 10,000 5,000 1,000 25,000 Goodwill Creditors Loan Investment Reserve Patent Furniture Capital 10,000 20,000 15,000 20,000 6,000 5,000 4,000 1,18,000
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