Scribd Logo
Carica

Benvenuto in Scribd!

  • SFP Solution

    Caricato da

    Aejaz Mohamed
    15 visualizzazioni1 pagina
    The company has total non-current assets of Rs. 115,000 comprising of machinery, buildings, and furniture and fittings. Total current assets are Rs. 31,200 including closing inventory, trade receivables, other receivables and cash in hand and at bank. Total current liabilities are Rs. 13,200 in the form of trade payables, resulting in net current assets of Rs. 18,000. Total assets less current liabilities are Rs. 133,000, which is equal to the net assets as there are no non-current liabilities. The net assets of Rs. 133,000 are financed by opening capital of Rs. 59,400, net profit of Rs. 78,600 and

    Descrizione originale:

    Titolo originale

    sfp solution.docx

    Copyright

    © © All Rights Reserved

    Formati disponibili

    DOCX, PDF, TXT o leggi online da Scribd

    Hai trovato utile questo documento?

    Questo contenuto è inappropriato?

    Segnala questo documento
    The company has total non-current assets of Rs. 115,000 comprising of machinery, buildings, and furniture and fittings. Total current assets are Rs. 31,200 including closing inventory, trade receivables, other receivables and cash in hand and at bank. Total current liabilities are Rs. 13,200 in the form of trade payables, resulting in net current assets of Rs. 18,000. Total assets less current liabilities are Rs. 133,000, which is equal to the net assets as there are no non-current liabilities. The net assets of Rs. 133,000 are financed by opening capital of Rs. 59,400, net profit of Rs. 78,600 and

    Copyright:

    © All Rights Reserved
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    15 visualizzazioni1 pagina

    SFP Solution

    Caricato da

    Aejaz Mohamed
    The company has total non-current assets of Rs. 115,000 comprising of machinery, buildings, and furniture and fittings. Total current assets are Rs. 31,200 including closing inventory, trade receivables, other receivables and cash in hand and at bank. Total current liabilities are Rs. 13,200 in the form of trade payables, resulting in net current assets of Rs. 18,000. Total assets less current liabilities are Rs. 133,000, which is equal to the net assets as there are no non-current liabilities. The net assets of Rs. 133,000 are financed by opening capital of Rs. 59,400, net profit of Rs. 78,600 and

    Copyright:

    © All Rights Reserved
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 1

    Cost Acc dep NBV

    Non Current Asest: 55 000 - 55 000


    Machinery
    Buildings 45 000 - 45 000
    Furniture & Fittings 15 000 - 15 000
    115000 - 115000 (a)

    Current Assets:
    Closing inventory 12400
    Trade receivables/debtors 14500
    Less: provision for bad debts (-) 14500
    Other receivables
    Cash at bank 2500
    Cash in hand 1800
    31200 (b)
    Less: Current liabilities
    Trade payables (13200) (c)
    Net current assets (b-c)=d 18000(d)
    Totoal assests less current liabilities (a+d)=e 133000(e)

    Less non current liablilties (-)(f)


    Net assets (e-f) 133000

    Financed by:
    Opening capital 59400
    Add:capital introduced -
    Add: net profit 78600
    Less: drawings(cash and goods) (5000)
    Closing capital equaltothe value of net assets. 133000

    Potrebbero piacerti anche