Illustration 7: (From Details)
The following is the balances appear in the books of M/s. Suman Ltd. for the year ended 31st
March, 2014. You are required to prepare Revenue Statement and Balance Sheet in vertical form.
Particulars
Particulars
Equity Share Capital
2,25,000 Sales
8,55,000
Plant and Machinery
45,000 Debentures
50,000
Purchases
6,55,000 Interim Dividend Paid
15,000
Wages
85,000 Depreciation
15,000
Bank Overdraft
20,000 Office Salaries
15,000
Office Rent
5,000 Dividend Received
5,000
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20,000 Goodwill
25,000
Finance Expenses
8,000 Land and Building
48,000
25,000
Income Tax
15,000 Creditors
75,000
Preliminary Expenses (Not yet w/off) 5,000 Trade Investment
Bills Payable
15,000 Return to suppliers
5,000
65,000
Net Profit b/d from P.Y.
13,000 Debtors
42,000
Opening Stock
75,000 Cash
(T.Y.B.Com., Oct. 2012, adapted)
Closing Stock on 31st March, 2014 is 80,000.
Share
Answer:
What do you mean by Financial statement analysis? ... Q3) From the following particulars draw up the Balance sheet of the ... as on 31st March, 2014. Particulars. X Ltd. Y Ltd. Equity Share Capital.
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Answer:
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