--%>
Assignment Help - homework help

Prepare the balance sheet

At the end of March, 2006 the balances in the various accounts of TTTTT & Company

are as follows:

Rs. in million

Accounts Balance

Equity capital 120

Preference capital 30

Fixed assets (net) 217

Reserves and surplus 200

Cash and bank 35

Debentures (secured) 100

Marketable securities 18

Term loans (secured) 90

Receivables 200

Short-term bank borrowing (unsecured) 70

Inventories 210

Trade creditors 60

Provisions 20

Pre-paid expenses 10

Required: Prepare the balance sheet of TTTT company as per the format specified by

the Companies Act.

   Related Questions in Financial Accounting

  • Q : Average Profit Method in goodwill

    Average Profit Method: (Goodwill method): The profit earned by an organization throughout previous accounting periods on an average basis is termed as average profit. Goodwill is computed on the basis of average profit due to prospect expectations of

    		•
  • Q : Trading A CD/$ bank trader is presently

    A CD/$ bank trader is presently quoting a small figure bid-ask of 35-40, while rest of the market is trading at the CD1.3436-CD1.3441.  Specify what all is implied about trader’s beliefs by his prices?

    		•
  • Q : Internalization theory of FDI Explain

    Explain internalization theory of the FDI. Specify the strength and weakness of this theory?

    		•
  • Q : What is Asset Management Asset

    Asset Management: The Asset management has two common definitions, one associating to advisory services and the other associated to corporate finance. In the initial instance, an advisor or financi

    		•
  • Q : Sharpe performance measure concept

    Explain the Sharpe performance measure concept.

    		•
  • Q : What is forfaiting transaction What is

    What is meant by the forfaiting transaction?

    		•
  • Q : Styles of love Identify and explain the

    Identify and explain the styles of love. Describe each of these styles and give an example of each.

    		•
  • Q : Effect of shipping costs Assume that

    Assume that pound is being pegged to the gold at 6 pounds per ounce; on the other hand the franc is being pegged to the gold at 12 francs per ounce. Which, of course, states that equilibrium exchange rate must be the two francs per pound? If existing market exchange r

    		•
  • Q : Define the term Kiting Define the term

    Define the term Kiting in Accounting stream?

    		•
  • Q : Closing entry for financial accounting

    A journal entry that moves the effects of revenues or expenses to the owners' equity account. Only temporary account that is on the income statement is closed. The purpose of a closing entry is twofold. First, it moves revenue to retained earnings on the balance sheet

    		•