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TS1018775231

This balance sheet shows the company's assets, liabilities, and equity for the 2010-2011 year. Assets included current assets like cash, accounts receivable, inventory, and prepaid expenses totaling Rs. 111, as well as fixed assets such as land, buildings, equipment, and furniture amounting to Rs. 1,644. Total assets were Rs. 1,755. Liabilities comprised current liabilities of Rs. 302 and long-term liabilities of Rs. 1,265. Shareholders' equity included capital stock and retained earnings of Rs. 188, bringing total liabilities and equity to Rs. 1,755.

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Naveen Kumar Bhardwaj
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34 views

TS1018775231

This balance sheet shows the company's assets, liabilities, and equity for the 2010-2011 year. Assets included current assets like cash, accounts receivable, inventory, and prepaid expenses totaling Rs. 111, as well as fixed assets such as land, buildings, equipment, and furniture amounting to Rs. 1,644. Total assets were Rs. 1,755. Liabilities comprised current liabilities of Rs. 302 and long-term liabilities of Rs. 1,265. Shareholders' equity included capital stock and retained earnings of Rs. 188, bringing total liabilities and equity to Rs. 1,755.

Uploaded by

Naveen Kumar Bhardwaj
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Balance Sheet

For Year 2010-2011

ASSETS Current Assets Cash Accounts receivable (less doubtful accounts) Inventory Temporary investment Prepaid expenses Total Current Assets Fixed Assets Long-term investments Land Buildings (less accumulated depreciation) Plant & equipmen (less accumulated depreciation) Furniture & fixtures (less accumulated depreciation) Total Net Fixed Assets TOTAL ASSETS

Rs.

51.00 (129) 175 12.00 2 111.00

Rs. Rs. Rs.

40.00 650 841 (132) 560 (331) 57 (41) Rs. 1,644.00 Rs. 1,755.00

LIABILITIES Current Liabilities Accounts payable Short-term notes Current portion of long-term notes Interest payable Taxes payable Accrued payroll Total Current Liabilities Long-term Liabilities Mortgage Other long-term liabilities Total Long-term Liabilities

Rs.

Rs. Rs.

237.00 23 14 5 10 13 302.00

840.00 425 Rs. 1,265.00

Shareholders' Equity Capital stock Retained earnings Total Shareholders' Equity TOTAL LIABILITIES & EQUITY

Rs.

300.00 (112) Rs. 188.00 Rs. 1,755.00

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