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Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000?
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Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabiliti...
Balance Sheet of Samy Ltd. as on 31.3.2004
Explanation:
The balance sheet of Samy Ltd. as on 31.3.2004 shows the company's financial position on that date. The liabilities and assets of the company are listed separately.
Liabilities:
The company's liabilities consist of various sources of funds that it has raised. These include:
Assets:
The company's assets consist of various resources that it owns. These include:
Overall, the balance sheet shows that the company has a total of Rs. 21,75,000 of liabilities and Rs. 21,75,000 of assets, which means
- Liabilities:
- Share Capital:
- 8% Preference shares of Rs. 100 each - Rs. 3,75,000
- Equity shares of Rs. 10 each - Rs. 7,00,000
- General Reserve - Rs. 4,50,000
- 7% Debentures - Rs. 3,50,000
- Current Liabilities - Rs. 3,00,000
- Share Capital:
- Assets:
- Fixed Assets - Rs. 16,25,000
- Investment - Rs. 3,00,000
- Current Assets - Rs. 2,50,000
Explanation:
The balance sheet of Samy Ltd. as on 31.3.2004 shows the company's financial position on that date. The liabilities and assets of the company are listed separately.
The company's liabilities consist of various sources of funds that it has raised. These include:
- Share Capital: The company has two types of shares - 8% preference shares of Rs. 100 each and equity shares of Rs. 10 each. The total value of preference shares is Rs. 3,75,000 and equity shares is Rs. 7,00,000.
- General Reserve: The company has created a general reserve of Rs. 4,50,000 which can be used for various purposes like dividends, expansion, etc.
- 7% Debentures: The company has raised funds by issuing 7% debentures worth Rs. 3,50,000.
- Current Liabilities: The company has Rs. 3,00,000 of current liabilities which are the debts that are due within a year.
The company's assets consist of various resources that it owns. These include:
- Fixed Assets: The company has fixed assets worth Rs. 16,25,000 which are the assets that are used for a long period of time and are not meant for sale.
- Investment: The company has invested Rs. 3,00,000 in some other company or financial instrument which is expected to give returns in the future.
- Current Assets: The company has Rs. 2,50,000 of current assets which are the assets that can be easily converted into cash within a year.
Overall, the balance sheet shows that the company has a total of Rs. 21,75,000 of liabilities and Rs. 21,75,000 of assets, which means
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Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabiliti...
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Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000?
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Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000?.
Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000?.
Solutions for Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000? in English & in Hindi are available as part of our courses for B Com.
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ample number of questions to practice Following is the balance sheet of Samy Ltd. as on 31.3.2004. Liabilities Rs. Assets Rs. Share Capital : Fixed Assets 16,25,000 8% Preference shares of Investment 3,00,000 Rs. 100 each 3,75,000 Current Equity shares of Rs. 10 each 7,00,000 Assets 2,50,000 General Reserve 4,50,000 7% Debentures 3,50,000 Current Liabilities 3,00,000 21,75,000 21,75,000? tests, examples and also practice B Com tests.
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