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  • Dispensers of California, Inc

    Caricato da

    Himanshu Patel
    176 visualizzazioni9 pagine
    The document provides financial information for Dispensers of California, Inc. for a project year. It includes transactions related to investment, equipment purchases, bank loans, manufacturing costs, sales, taxes paid and dividends. The summary provides sample formats for the statement of profit and loss and balance sheet with amounts populated based on the financial information given. Key items include sales of $598,500, total expenses of $523,000, profit before tax of $75,000, taxes paid of $22,500 and dividends of $5,000.

    Descrizione originale:

    Case Solution of Dispensers of California of Managerial Accounting-I

    Titolo originale

    Dispensers of California, Inc (1)

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    © © All Rights Reserved

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    The document provides financial information for Dispensers of California, Inc. for a project year. It includes transactions related to investment, equipment purchases, bank loans, manufacturing costs, sales, taxes paid and dividends. The summary provides sample formats for the statement of profit and loss and balance sheet with amounts populated based on the financial information given. Key items include sales of $598,500, total expenses of $523,000, profit before tax of $75,000, taxes paid of $22,500 and dividends of $5,000.

    Copyright:

    © All Rights Reserved
    Scarica in formato XLSX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    176 visualizzazioni9 pagine

    Dispensers of California, Inc

    Caricato da

    Himanshu Patel
    The document provides financial information for Dispensers of California, Inc. for a project year. It includes transactions related to investment, equipment purchases, bank loans, manufacturing costs, sales, taxes paid and dividends. The summary provides sample formats for the statement of profit and loss and balance sheet with amounts populated based on the financial information given. Key items include sales of $598,500, total expenses of $523,000, profit before tax of $75,000, taxes paid of $22,500 and dividends of $5,000.

    Copyright:

    © All Rights Reserved
    Scarica in formato XLSX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 9

    Dispensers of California

    Transactions
    Investment and issue of Shares
    Incorporation of Company
    Purchased Equipments
    Redesign costs
    Component parts purchase
    Bank loan Taken
    Paid Interest
    Repaid Loan
    Manufacturing payroll
    Other manufacturing costs
    Selling general and administration
    Sales
    Depreciation of Equipment
    Amortisation of Patent
    Paid Dividend
    Income Tax Payable in Next Year
    Component parts Used

    Patent Cash
    Equipments Supplies =
    120000
    80000
    -2500
    -85000
    85000
    -25000
    -212100
    212100
    30000
    -500
    -30000
    -145000
    -62000
    -63000
    598500
    -8500
    -20000
    -5000
    -197000
    100000

    78400
    76500
    270000

    15100

    sers of California, Inc.


    Capital RE
    200000

    + Bank Loan Income Tax Payable Total Capital and Liabilities


    -2500

    -25000
    30000
    -500
    -30000
    -145000
    -62000
    -63000
    598500
    -8500
    -20000
    -5000
    -22500
    -197000
    200000
    47500
    247500

    22500

    22500
    22500

    270000

    Points to remember
    P and L should be stated as "Statement of profit and loss for the year ended _______"
    Balance sheet should be stated as "Balance sheet as on __________"
    In the balance sheet, the assets and liabilities side should total.
    Balance sheet should be in vertical format

    Format of the P and L account


    Statement of Profit and Loss Account during the project year
    Particulars
    Income from operations
    Sales
    Expenses
    Incorporation of Company
    Redesign costs
    Manufacturing payroll
    Other manufacturing costs
    Selling general and administration
    Depreciation of Equipment
    Amortisation of Patent
    Component parts Used
    Total Expenses
    EBIT
    Paid Interest
    EBT
    Tax
    PAT before Dividend
    Dividend
    PAT transferred to R & S

    Format of balance sheet


    Balance Sheet at on end of the project year
    Particulars
    Assets
    Non current assets
    Patent

    Equipments
    Current Assets
    Supplies
    Cash
    Total Assets
    Liabilities and Owners Equity
    Capital
    RE
    Total Share Holders' Fund
    Liability
    Bank Loan
    Income Tax Payable
    Total Liabilities
    Total Capital & Liabilities

    year
    Amount

    Amount
    XXX

    XXX
    XXX
    XXX
    XXX
    XXX
    XXX
    XXX
    XXX
    XXX
    XXX
    (XXX)
    XXX
    (XXX)
    XXX
    (XXX)
    XXX

    Amount

    XXX

    Amount

    XXX

    XXX
    XXX

    XXX

    XXX
    XXX

    XXX
    XXX
    XXX

    XXX
    XXX
    XXX
    XXX

    Statement of Profit and Loss Account during the project year


    Particulars
    Amount Amount
    Sales
    598500
    Incorporation of Company
    Redesign costs
    Manufacturing payroll
    Other manufacturing costs
    Selling general and administration
    Depreciation of Equipment
    Amortisation of Patent
    Component parts Used
    Total Expenses
    EBIT
    Paid Interest
    EBT
    Tax
    PAT before Dividend
    Dividend
    PAT transferred to R & S

    -2500
    -25000
    -145000
    -62000
    -63000
    -8500
    -20000
    -197000
    -523000
    75500
    -500
    75000
    -22500
    52500
    -5000
    47500

    Balance Sheet at on end of the project year


    Particulars
    Amount Amount
    Assets
    Patent
    100000
    Equipments
    76500
    176500
    Supplies
    15100
    Cash
    78400
    93500
    Total Assets
    270000
    Capital
    RE
    Total Share Holders' Fund
    Liability
    Bank Loan
    Income Tax Payable
    Total Liabilities
    Total Capital & Liabilities

    200000
    47500
    247500

    0
    22500
    22500
    270000

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