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  • Absorption (Problem 4)

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    bhaveshkumartrigun52
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    1. The balance sheet provides assets, liabilities, and equity information for ABC Ltd. as of March 31, 2015. 2. Assets include current assets like cash and inventories as well as non-current assets like property, plant, and equipment. 3. Liabilities include current liabilities like trade payables and non-current liabilities like long-term borrowings. 4. Equity includes share capital, reserves, and surplus.

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    1. The balance sheet provides assets, liabilities, and equity information for ABC Ltd. as of March 31, 2015. 2. Assets include current assets like cash and inventories as well as non-current assets like property, plant, and equipment. 3. Liabilities include current liabilities like trade payables and non-current liabilities like long-term borrowings. 4. Equity includes share capital, reserves, and surplus.

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    © All Rights Reserved
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    4 views2 pages

    Absorption (Problem 4)

    Uploaded by

    bhaveshkumartrigun52
    1. The balance sheet provides assets, liabilities, and equity information for ABC Ltd. as of March 31, 2015. 2. Assets include current assets like cash and inventories as well as non-current assets like property, plant, and equipment. 3. Liabilities include current liabilities like trade payables and non-current liabilities like long-term borrowings. 4. Equity includes share capital, reserves, and surplus.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    r ASSETS I . I.

    Given
    L Accounts
    Notes to
    3. 2. 1. Property, 2. Current 2.
    AssetsNon-Current
    Assets 1. Liabilities
    Current 3. 2. EQUITY 1.
    tov B. 4. 1.
    A The
    shares;
    equity B. General
    Reserve Inventories
    (c) (b) (a) (b) (a) Short-term(b)Non-Current
    ProvisionsBorrowings
    Long-term
    (a) Liabilities (a)
    (a) Shareholders
    (b) Funds
    ity Ltd. cash C. C.Ltd. Plant(b) (a) Reserves
    (b) (a) below
    vendors B. B. Land Less Non-Current
    CashTrade ()
    Property, Trade ReservesShare
    Statement
    sold Ltd, Ltd. was Property, AND
    payment
    was : and is
    will Preliminary
    Equipment
    andPlant
    and and Receivables Payables Capital
    the will absorbed the
    will Cash &
    LIABILITIES
    d Building of
    Surplus Plant
    ents of issue take Plant
    Investment Surplus Balance
    get Profit Stock
    ?4 Equivalents Equity
    by
    510% over Expenses and
    per equity and - and Sundry
    C. Sheet
    at all Debtors Equipment
    Debentures B. Loss Equipment
    . atshare assets Provision
    TaxationforDebentures8% Shares Particulars
    a shares Ltd. written Investment Creditors of
    profit in Cash I.B.
    I. except on of
    B.
    of to off and Ltd.
    The of discharge * 1.4.2015 10
    40% Ltd. 10 cash Intangible each as
    st each
    was on
    and and on
    ofagreed. at 8% the 31.03.2015
    paid investments:
    ? Assets
    Debentures 18 following
    off from
    eachthe
    the
    Total Total
    itors terms
    at
    a
    premium
    everyfor
    to at purchaser
    6,00,000 2,00,000
    1,00,000 Amount
    a 3,00,000
    9,00,000 2 No. Note
    .ount 1
    of
    6%;
    27,00,000 10,00,000 Amount
    Amount 2,00,000
    8,00,000 9,00,000
    1,00,0007,00,000
    27,00,000 6,00,0006,00,0004,00,000
    1,00,000
    of 4,00,01,0000,0003,00,000
    270
    10
    2.
    and Ltd. B. I. books
    of the Accounts
    in Ledger 1.
    show: required
    to are You

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