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    Ratio Example

    Uploaded by

    Ashwin Soni
    1) The document provides profit and loss and balance sheet information for the current and preceding year for a company. 2) In the current year, the company had a net profit of Rs. 25,000 with total expenses of Rs. 152,000 and total income of Rs. 177,000. 3) The balance sheet shows total assets of Rs. 150,000 and total liabilities of Rs. 150,000 for the current year, with equity capital of Rs. 100,000 and reserves of Rs. 60,000.

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    Download as DOC, PDF, TXT or read online from Scribd

    Ratio Example

    Uploaded by

    Ashwin Soni
    19 views1 page
    1) The document provides profit and loss and balance sheet information for the current and preceding year for a company. 2) In the current year, the company had a net profit of Rs. 25,000 with total expenses of Rs. 152,000 and total income of Rs. 177,000. 3) The balance sheet shows total assets of Rs. 150,000 and total liabilities of Rs. 150,000 for the current year, with equity capital of Rs. 100,000 and reserves of Rs. 60,000.

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    1) The document provides profit and loss and balance sheet information for the current and preceding year for a company. 2) In the current year, the company had a net profit of Rs. 25,000 with total expenses of Rs. 152,000 and total income of Rs. 177,000. 3) The balance sheet shows total assets of Rs. 150,000 and total liabilities of Rs. 150,000 for the current year, with equity capital of Rs. 100,000 and reserves of Rs. 60,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    19 views1 page

    Ratio Example

    Uploaded by

    Ashwin Soni
    1) The document provides profit and loss and balance sheet information for the current and preceding year for a company. 2) In the current year, the company had a net profit of Rs. 25,000 with total expenses of Rs. 152,000 and total income of Rs. 177,000. 3) The balance sheet shows total assets of Rs. 150,000 and total liabilities of Rs. 150,000 for the current year, with equity capital of Rs. 100,000 and reserves of Rs. 60,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
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    PROFIT AND LOSS ACCOUNT

    Expenses
    Opening Stock Purchases Purchase expense Manufacturing expense Gross Profit c/d Total Administration exp Sales & Distribution exp Depreciation Interest on debt Taxes Net Profit (Carried forward to Reserves in B/s) Total

    Curre nt year
    15 45 3 5 84 152 26 8 10 3 18 25 90

    Amt in 000 Rs Preceding year

    Income

    Curre Preceding nt year year


    140 12

    10 Sales 55 2 Closing Inventory 3

    120 15
    135 65 5

    65
    135 Total 15 Gross Profit b/d 7 10 Other income 3 15 20 70 Total 152 84 6

    90

    70

    BALANCE SHEET
    Liabilities
    Equity Capital (Each of Rs. 10) Reserves Secured loans Current Liabilities

    Current Preceding Assets year year


    40 40 50 20 40 Fixed Assets (at cost) Less Acc Depri 15 Net Fixed Assets 30 Investments 15 Current Assets: Inventories Debtors Cash & Bank Misc expenditure

    Current year
    150 60 90 8 12 30 8 2

    Preceding year
    100 50 50 8 15 20 5 2

    Total

    150

    100

    Total

    150

    100

    Additional information: 1) 2) 3) 4) The opening balance of the debtors in the preceding year was Rs.18 Take 360 days in an year Dividend was Rs. 2 for current and preceding year Average market price of equity share was Rs.20 in current year and Rs.15 in preceding year

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