What is the different between each of the following.
a) ordinary shares and preference shares
b) called and uncalled capital
c) bearer debentures and convertible notes
d) floating charge and specific charge
Liabilities: 2006 2007 Assets 2006 2007
Trade Creditiors 100 40 Cash atBank 100 65
Bills Payable 50 60 Account/R 105 120
Outstanding Expenses 25 20 B/R 130 140
Bonds Payable 220 140 Inventory 110 40
Accumulated Depreciation: Machinery 120 160
-on Machinery 30 35 Building 300 310
-On Building 75 85 Land 60 130
Reserves 100 115 Patents 55 60
Retained Earning 130 170
share Capital 250 360
Profit from operation after providing Rs.10,000as
depreciation on building and Rs.10,000 on machinery and
Rs.5,000 as amortization on patents for the year 'April 06-
March07' was Rs.35,000. Other revenues for the year were
Rs.40,000. An old machine with original cost of Rs.15,000
was sold at a loss of rs.5,000.
Prepare Fund Flow Statment and Cash Flow Statment for the
year ending March 31 2007 based on the information given
above.
From the following information you are to prepare a
Cash Budget for the period from July to December 2008.
(i) The estimated sales and expenses are
as follows:
June
July
Aug.
Sep.
Oct.
Nov.
Dec.
Sales
35,000
40,000
40,000
50,000
50,000
60,000
65,000
Purchases
14,000
16,000
17,000
20,000
20,000
25,000
28,000
Wages & Salaries
12,000
14,000
14,000
18,000
18,000
20,000
22,000
Expenses
5,000
6,000
6,000
6,000
7,000
7,000
7,000
Interest Received
2,000
-
-
2,000
-
-
2,000
Sale of Fixed Assets
-
-
20,000
-
-
-
-
(ii) Sales are 20% in cash and balance on
credit. 50% of the debtors are collected in the month of
sales and the remaining in the next month.
(iii) The time lag in payment of purchases
and expenses is 1 month. However, wages and salaries are
paid fortnightly with a time lag of 15 days.
(iv) The company maintains a minimum cash
balance of Rs. 5,000. The cash balance in excess of Rs.
7,000 is invested in government securities in multiples of
Rs. 1,000. Short falls in cash balance are made good by
borrowing from banks. The interest received as well as paid
is to be ignored.
what is difference between acquitision and take over?
12
what is bond and what is debentures
1326
What are the specific types of costs that FCA addresses?
44
Presently I am Working with one of the
manufacturing unit and I want to know the
% of calculation of esic & provident fund from
basic & dearness allowance.
19
can anyone provide me the Balance Sheet Items & Profit &
Loss A/c Items & Accounting Heads with Accounting codes?
Site Map