Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The balance sheet of Platinum Ltd. as on 31st march 2016 is as below
Liabilities
Amount
Assets
Share capital
4000 shares of Rs 100 each fully paid
General Reserve
Profit and loss Account
Sundry creditors
Income tax reserve
Total
400000
80000
64000
256000
120000
920000
Land and building
Plant and machinery
Patents
Stock
Debtors
Bank
Preliminary Expenses
220000
260000
40000
96000
176000
104000
24000
The expert valuer valued land and building at Rs 480000, Goodwill at Rs 320000 and Plant and machinery at Rs 240000. Out of the total debtors, it is found that debtors of Rs 16000 are bad. The profits of the company for the three years ended on March 31st have been as follows:
1999- Rs 160000, 2000- Rs 180000, 2001- Rs 212000. The company follows the practice of transferring 25% of profits to general reserve. Similar type of companies earns 10% of the value of their shares. Ascertain the value of shares of company under fair value method.
Hilliard, Downey, and Petrov are partners sharing income 3:2:1. After the firm's loss from liquidation is distributed, the capital account balances were: Hilliard, $24,000 Dr.; Downey, $90,000 Cr.; and Petrov, $64,000 Cr.
What are at least three International Accounting Standards? Are these standards the same as U.S. standards? Explain your response.
a cardboard poster containing 32 in2 of printed region is to have a margin of 2 in at top and the bottom and 43in at
prepare a horizontal and vertical analysis for the period ending June 30, 2017. You only need to complete one vertical analysis using the June balance sheet
Prepare the journal entry to correct the error assuming it is discovered before the books are adjusted or closed in 2011. (Ignore income taxes.)
describe how to make 50 ml of the following 10x gel electrophoresis loading buffer 100 mm edta ph 8.0 0.1 wv
Albacore issued a 10% stock dividend on June 30, 2009. On September 30, 2009, 12,000 shares of common stock were reacqured as treasure stock. What is the appropriate number of shares to be used in the basic earning per share computation for 2009?
How percentage return will be earned by the customer if they make the payment
assume that income from operations amounts to 350000 and top management has established 15 as the minimum rate of
One of its products contained an unknown bacteria that made several dogs ill. It is probable that the incident will result in liabilities for the company
What is the net present value of a project with the cash flows, if the discount rate is 10 percent - How long will it take the firm to recover its initial investment in this project?
For each of the transactions, if an expense is to be recognized in January, indicate the amount. If an expense is not to be recognized in January, indicate why.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd