Q.2 Prepare Balance Sheet for the year ended 2008 along additional information. Prepare notes to the financial statements of all the possible figures. You can use only the figures given in the paper in order to prepare notes to the financial statements. Following is the information for Attock Cement limited. All the figures are in millions.
Q.2 Prepare Balance Sheet for the year ended 2008 along additional information. Prepare notes to the financial statements of all the possible figures. You can use only the figures given in the paper in order to prepare notes to the financial statements. Following is the information for Attock Cement limited. All the figures are in millions.
a.Dividend to
b.Cash and cash equivalents = $9000,
c.Trade debt = $4000,
d.Prepaid Insurance = $5,000,
e.Land = $55,000,
f.Trade credit = $16,700
g.Stock in trade = $5000
h.Long term bank loan = $45,000,
i.Sales Revenue = $7,000,
j.Gross Profit = $5,000,
k.Operating expenses = $3000,
l.Building = $3500,
m.Mortgage loan = $3,500,
n.Current portion of liability against asset subject to finance lease = $10,000,
o.Reserves = $30,000
p.Marketable securities = $23,700,
q.Asset subject to finance lease = $50,000
r.Issued, Subscribed and Paid-up Capital = $40,000
s.Authorized Capital = $100,000
t.Long term portion of liability against asset subject to finance lease = $40,000
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