PROBLEMS ON COMPANY FINAL ACCOUNTS Premier Co. Ltd has an authorised capital of P 6,00,000 in equity shares of P 10 each. It had the following balances on 31.03.2013. Calls in arrears 7,500 Premises plant and Machinery 3,00,000 3,30,000 37,500 75,000 7,200 87,000 Interim Dividend Stock (01.04.2012) Fixtures Debtors Goodwill 25,000 Cash in Hand 760 Cash at Bank 39,900 1,85,000 5,000 Purchases Preliminary expenses Wages General expenses Freight and carriage Salaries 84,865 16,835 13,115 14,500 5,725 Directors Fees Bad Debts 2,100 9,000 Debenture Interest paid Called up capital 4,00,000 3,00,000 14,500 50,000 4,15,000 6% Debentures Profit & Loss Account (01.04.2012)- cr Creditors Sales General Reserve 25,000 3,500 Bad Debt provision (01.04.2912)
PROBLEMS ON COMPANY FINAL ACCOUNTS Premier Co. Ltd has an authorised capital of P 6,00,000 in equity shares of P 10 each. It had the following balances on 31.03.2013. Calls in arrears 7,500 Premises plant and Machinery 3,00,000 3,30,000 37,500 75,000 7,200 87,000 Interim Dividend Stock (01.04.2012) Fixtures Debtors Goodwill 25,000 Cash in Hand 760 Cash at Bank 39,900 1,85,000 5,000 Purchases Preliminary expenses Wages General expenses Freight and carriage Salaries 84,865 16,835 13,115 14,500 5,725 Directors Fees Bad Debts 2,100 9,000 Debenture Interest paid Called up capital 4,00,000 3,00,000 14,500 50,000 4,15,000 6% Debentures Profit & Loss Account (01.04.2012)- cr Creditors Sales General Reserve 25,000 3,500 Bad Debt provision (01.04.2912)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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