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CH 3 Solution To Exercises
CH 3 Solution To Exercises
Balance Sheet Amt. in Rs. Assets 285000.00 Land and Building 100000.00 Investments 47000.00 Closing Stock Cash in Hand Cash at Bank Debtors 432000.00
Amt. in Rs.
70000 70000
Amt. in Rs.
100000
100000
Amt. in Rs.
55000 25000 20000 100000
Amt. in Rs.
25000 25000 20000 30000 100000
Balance Sheet as on 15 March 2010 Liabilities Capital Bank Loan Profit and Loss A/c
Amt. in Rs.
65000 25000 20000 20000 130000
Balance Sheet as on 28 March 2010 Liabilities Capital Bank Loan Profit and Loss A/c
Amt. in Rs.
48500 25000 20000 20000 113500
Amt. in Rs.
33500 25000 20000 20000 98500
Amt. in Rs.
33000 25000 20000 20000 98000
Liabilities Rs Capital 3,00,000 Less: Drawings -24,000 Creditors Bank overdraft Bills payables Creditors
Balance Sheet Assets Plants Furniture 276000 Debtors 100000 Closing stock 28,000 Bills receivables 15,000 Cash in hand 25,000 444000
Amt. in Rs. ShriRam Company Balance Sheet January 2, Year 1 Assets 15,000 Bank 15,000 Total ShriRam Company Balance Sheet January 3, Year 1 Assets 15,000 Bank 10,000 25,000 Total ShriRam Company Balance Sheet January 5, Year 1 Assets 15,000 Bank 10,000 Inventory 18,000
15,000 15,000
25,000
25,000
25,000 18,000
Total
Liabilities Paid-up capital Reserves DhanLakshmi Bank Loan Accounts Payable Total
43,000 Total ShriRam Company Balance Sheet January 9, Year 1 Assets 15,000 Bank 2,000 Inventory 10,000 Accounts Receivables 18,000 45,000 Total ShriRam Company Balance Sheet January 10, Year 1 Assets 15,000 Bank 2,000 Inventory 10,000 Accounts Receivables Nil 27,000 Total ShriRam Company Balance Sheet January 12, Year 1 Assets
43,000
45,000
Liabilities Paid-up capital Reserves DhanLakshmi Bank Loan Accounts Payable Total
27,000
Liabilities
Liabilities Paid-up capital Reserves DhanLakshmi Bank Loan Accounts Payable Total
28,000 Total ShriRam Company Balance Sheet January 31, Year 1 Assets 15,000 Bank 3,000 Inventory 10,000 Accounts Receivables Nil 28,000 Total
28,000
28,000
Balance Sheet as on 1 January 2010 Liabilities Capital Amount Assets Amount 200000 200000
Balance Sheet as on 2 January 2010 Liabilities Capital Payables(Mortgages) Amount Assets Amount 100000 500000 600000
Amount
Assets
200000 Cash 400000 Shop 150000 Mercandise (Inventories) 750000 Balance Sheet as on 4 January 2010
Liabilities Capital Payables for Mortgages Payables Profit and Loss A/c
Amount
Assets
200000 Cash 400000 Shop 150000 Mercandise (Inventories) 50000 800000 Balance Sheet as on 6 January 2010
800000
Liabilities Capital Payables for Mortgages Payables Profit and Loss A/c
Amount
Assets
825000
825000
Balance Sheet as on 7 January 2010 Liabilities Capital Payables for Mortgages Payables Profit and Loss A/c Amount Assets Amount 200000 500000 200000 75000
975000 Balance Sheet as on 10 January 2010 Liabilities Capital Payables for Mortgages Payables Profit and Loss A/c Amount Assets
975000
107500
107500
Particulars Liabilities Capital Net Loss Borrowed Funds Loan Total Capital Employed Assets Fixed Assets Building Furniture Goodwill Current Assets Cash (Including Bad debts Recovered) Debtors Closing Stock Total Current Assets Current Liabilities Creditors O/s Expenses Bank Overdraft Total Current Liabilities Net Current Assets Total Assets
Amt. in Rs.
180000
6,750 52,500 26,250 85,500 42,000 16,950 13,500 72,450 13,050 193,050
Amt. in Rs.
100000 100000
Amt. in Rs.
50000 50000 100000
Amt. in Rs.
55500 50000 105500
Amt. in Rs.
65500 50000 115500
Amt. in Rs.
60500 50000 110500
Amt. in Rs.
57500 50000 107500
Balance Sheet as on 25 March 2010 Liabilities Capital Profit and Loss A/c
Amt. in Rs.
57000 50000 500 107500
Balance Sheet as on 26 March 2010 Liabilities Capital Profit and Loss A/c
Amt. in Rs.
57000 50000 7500 114500
Amt. in Rs.
52000 50000 7500 5000 114500