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Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640?
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Prepare balance sheet of shreekrupa co-operative society ltd as on 31/...
Balance Sheet of Shreekrupa Co-operative Society Ltd as on 31/03/2006:
The balance sheet of Shreekrupa Co-operative Society Ltd as on 31/03/2006 shows the financial position of the company. The liabilities side of the balance sheet includes the share capital of 24,000, reserve fund of 30,010, depreciation fund of 39,900, secured loan of 26,000, bill payable of 38,210, and proposed dividend of 2,640. The assets side of the balance sheet includes fixed assets of 42,520, furniture of 11,000, closing stock of 8,000, bill receivable of 17,500, cash and bank balance of 880, and prepaid insurance of 240.
The reserve fund and depreciation fund are created for future contingencies and replacement of fixed assets, respectively. The closing stock represents the unsold stock at the end of the accounting period, while bill receivable represents the amount due from customers. The prepaid insurance represents the insurance premium paid in advance. The proposed dividend is the portion of the profits to be distributed among the shareholders.
Overall, the balance sheet provides a snapshot of the company's financial position and helps stakeholders to make informed decisions.
Liabilities:
- Share Capital: 24,000
- Reserve Fund: 30,010
- Depreciation Fund: 39,900
- Secured Loan: 26,000
- Bill Payable: 38,210
- Proposed Dividend: 2,640
Assets:
- Fixed Assets: 42,520
- Furniture: 11,000
- Closing Stock: 8,000
- Bill Receivable: 17,500
- Cash and Bank Balance: 880
- Prepaid Insurance: 240
Explanation:
The balance sheet of Shreekrupa Co-operative Society Ltd as on 31/03/2006 shows the financial position of the company. The liabilities side of the balance sheet includes the share capital of 24,000, reserve fund of 30,010, depreciation fund of 39,900, secured loan of 26,000, bill payable of 38,210, and proposed dividend of 2,640. The assets side of the balance sheet includes fixed assets of 42,520, furniture of 11,000, closing stock of 8,000, bill receivable of 17,500, cash and bank balance of 880, and prepaid insurance of 240.
The reserve fund and depreciation fund are created for future contingencies and replacement of fixed assets, respectively. The closing stock represents the unsold stock at the end of the accounting period, while bill receivable represents the amount due from customers. The prepaid insurance represents the insurance premium paid in advance. The proposed dividend is the portion of the profits to be distributed among the shareholders.
Overall, the balance sheet provides a snapshot of the company's financial position and helps stakeholders to make informed decisions.
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Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640?
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Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640? 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 Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640?.
Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640? 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 Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640?.
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Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640?, a detailed solution for Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640? has been provided alongside types of Prepare balance sheet of shreekrupa co-operative society ltd as on 31/03/2006 from the following. profit and loss a/c 26790, prepaid Insurance 240, fixed assets 42520, furniture 11000, share capital 24000, cash and bank bal 880, reserve fund 30010, Depreciation fund 39900, closing stock 800 00, bill receivable 17500, education fund 500, secured loan 26000, bill payable 38210, proposed divident 2640? theory, EduRev gives you an
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