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    Dial-a-Wash Co.'s balance sheet shows proprietors' funds of Rs. 250000 consisting of share capital of Rs. 200000 and reserves and surplus of Rs. 50000. Long-term loans total Rs. 250000. Assets include land and buildings of Rs. 30000, plant and machinery of Rs. 200000, and furniture of Rs. 20000. Current assets and liabilities net to Rs. 250000 in working capital. The profit and loss account shows purchases of Rs. 150000, wages of Rs. 22000 and other expenses of Rs. 18000, with gross profit and net profit carried down.

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    Dial-a-Wash Co.'s balance sheet shows proprietors' funds of Rs. 250000 consisting of share capital of Rs. 200000 and reserves and surplus of Rs. 50000. Long-term loans total Rs. 250000. Assets include land and buildings of Rs. 30000, plant and machinery of Rs. 200000, and furniture of Rs. 20000. Current assets and liabilities net to Rs. 250000 in working capital. The profit and loss account shows purchases of Rs. 150000, wages of Rs. 22000 and other expenses of Rs. 18000, with gross profit and net profit carried down.

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    19 views3 pages

    Format

    Uploaded by

    Sudhir Ghule
    Dial-a-Wash Co.'s balance sheet shows proprietors' funds of Rs. 250000 consisting of share capital of Rs. 200000 and reserves and surplus of Rs. 50000. Long-term loans total Rs. 250000. Assets include land and buildings of Rs. 30000, plant and machinery of Rs. 200000, and furniture of Rs. 20000. Current assets and liabilities net to Rs. 250000 in working capital. The profit and loss account shows purchases of Rs. 150000, wages of Rs. 22000 and other expenses of Rs. 18000, with gross profit and net profit carried down.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 3

    Dial-a-Wash Co.

    Balance sheet

    Funds Employed
    i) Properietors Funds:
    Share Capital 200000
    Reserve & Surplus 50000

    ii) Long term Loans:


    Secured
    Unsecured
    250000
    Application Of Funds
    i) Fixed Assets
    Land and Building 30000
    Plant and Machinery 200000
    Funiture and Etc. 20000

    ii)Working Capital
    Current assets:
    Inventories
    Debtors
    Marketable Investments
    Prepaid Expences
    Cash and Bank Balance
    Less: Current Liabilities
    Creditors
    Provision for Taxation
    250000
    Profit and Loss Account
    Rs
    To opening Stock:
    Raw Materials 30000
    Work in Process
    Finished Goods

    To Purchases:
    Materials 150000
    Finished Goods
    Less: Retuns

    To Wags 22000
    To Rent 30000
    To Other Expence 18000

    To Gross profit

    To salaries
    To Rents and Rates
    To Postage
    To Advertising Exp.
    To provision for Doubtful debts
    To Depreciation:
    Furniture
    Equipments
    To Net Profit c/d
    t and Loss Account
    Rs
    By Sales
    Less: Returs
    by Closing Stock:
    Work in Progress
    Finished goods

    By gross Profit b/d


    By interest on investment
    By profit on sale of fixed assets

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