--%>
Assignment Help - homework help

Prepare the balance sheet

At the end of March, 2006 the balances in the various accounts of TTTTT & Company

are as follows:

Rs. in million

Accounts Balance

Equity capital 120

Preference capital 30

Fixed assets (net) 217

Reserves and surplus 200

Cash and bank 35

Debentures (secured) 100

Marketable securities 18

Term loans (secured) 90

Receivables 200

Short-term bank borrowing (unsecured) 70

Inventories 210

Trade creditors 60

Provisions 20

Pre-paid expenses 10

Required: Prepare the balance sheet of TTTT company as per the format specified by

the Companies Act.

   Related Questions in Financial Accounting

  • Q : Retail or client market and wholesale

    Distinguish between retail or client market and wholesale or interbank market for foreign exchange?

    		•
  • Q : Define uniform cost manual Give a brief

    Give a brief introduction of the term ‘uniform cost manual’. And also write down its different contents?

    		•
  • Q : Case study of an Operational-Strategy

    Develop a case study of the Operational-Strategy interface as it applies to organisational change (last 3-5 years) within your organisation, together with a project implementation case study .You are required to detail the operational chan

    		•
  • Q : Explain Project Accounting Project

    Project Accounting: It is sometimes termed to as job cost accounting and is the practice of making financial reports particularly designed to track financial growth of projects, which can then be utilized by managers to support project management.

    		•
  • Q : Regions where uniform costing can be

    Write down the regions where uniform costing can be executed?

    		•
  • Q : CASH AND ACCRUAL BASIS OF ACCOUNTING

    Using the data below,prepare abbreviated income statements for the year 2003 and 2004 on cash basis. Cash receipts from sales: 2003 2004 2005 on 2003 sales $295,000 $160,000 $30,000 On 2004 sales 0 355,000 90,000 On 2005

    		•
  • Q : PPE The following information is taken

    The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost

    		•
  • Q : Book-value method of accounting for

    The stock is recorded at the book value of debt. The convertible debt is removed at the book value, the number of share times par is added to the stock account, and the remaining amount is plugged in to additional paid in capital. Contrast with the market value in whi

    		•
  • Q : Factors influencing the value of

    Factors influencing the value of Goodwill: A) Proficient managementB) Quality of productC) Place of businessD) Accessibility of raw materialE) Positive contracts

    		•
  • Q : Define Sole Trade Define Sole Trade in

    Define Sole Trade in brief?

    		•