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Hiran a retailer has prepared the following balance sheets for the years ending 31st March 2004 and 2005?
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∙ 14y ago
. Hiran, a retailer, has prepared the following balance sheets for the years ending 31st March 2004 and 2005: Balance Sheets as on 31st March, 2004 and 2005 Particulars 2004 2005 Freehold property at cost 200000 200000 Furniture 32000 Less depreciation 23200 8000 30000 20000 10000 Current Assets: Stock Debtors and prepayments Cash in hand and at bank 36000 50000 4000 34000 34000 2000 Liabilities: Capital Trade and accrued expenses Loan account 254800 24000 20000 260000 20000 ------- Total 298800 280000 Other data: The net profit for the year 2004 was Rs.40000. Hiran is paid a salary of Rs.16,000. His drawings amounted to Rs.45,200. You are required to prepare a statement of changes in financial position, on working capital basis
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∙ 14y ago
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Reconcile the following bank statement Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?
103.52
Lamont had an ending bank balance of 349.15 He had the following deposits in his check register 5 14 98 for 123.45 and 5 17 98 for 23.56 What is his new balance?
496.16
Does the ending balance on trial balance varies monthly?
yes
Prepare profit and loss account for the year ending 31st December 2007 and balance sheet on that date?
From the following Trail balance of Shri Rai Bahadur prepare Trading and Profit and Loss A/c for the year ending 31 st December, 2010 and Balance Sheet as on that date. The Closing Stock on 31 st December, 2010 was valued at Rs. 25,000.
Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15?
no
Do the cash and bank balance in balance sheet should equal to the cash flow ending balance?
Cash Flow Statement's ending balance should match with the ending balance of cash in the balance sheet that is why cash flow statement is prepared to see the complete information about cash flow during the period if it doesn't match it means something wrong.
On June 1 a Cash balance of 12000 was recorded He deposit 3000 and total disbursements of 16000 what is the cash balance?
Ending balance = opening balance + deposit - disbursement Ending balance = 12000 + 3000 - 16000 Ending balance = -1000
Why will cash flow ending balance not equal cash and bank balance in the balance sheet?
Cash balance from cash flow statement should always tally with balance sheet cash balance otherwise it means that cash flow statement is not prepared accurately and proper investigation should be launched to check the discrepancies .
Reconcile the following bank statement Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?
103.52
Lamont had an ending bank balance of 349.15 He had the following deposits in his check register 5 14 98 for 123.45 and 5 17 98 for 23.56 What is his new balance?
496.16
Lamont had an ending bank balance of 349.15 He had the following deposits in his check register 5 14 07 for 123.45 and 5 17 07 for 23.56 What is his new balance?
The new balance in Lamont bank will be 496.16 after the deposit he made on 5 14 07 and 5 17 07 are added to his ending bank balance of 349.15.
Does the ending balance on trial balance varies monthly?
yes
Prepare profit and loss account for the year ending 31st December 2007 and balance sheet on that date?
From the following Trail balance of Shri Rai Bahadur prepare Trading and Profit and Loss A/c for the year ending 31 st December, 2010 and Balance Sheet as on that date. The Closing Stock on 31 st December, 2010 was valued at Rs. 25,000.
What accounts are balance sheet accounts?
A balance sheet account is any item that is found on the financial statement known as the balance sheet. The figures reflected on the balance sheet, consist of the ending balance of the balance sheet account. After all the transactions are posted in the individual balance sheet account's "T" account (involving debits and credits), the ending balance is the amount found on the balance sheet.
The Statement of Owners Equity should be prepared before the income statement and after the balance sheet?
NO; The Balance Sheet is prepare after the statement of owners Equity and income statement. The balance sheet used this other two statements. The Income statment needs to be preapred before Owners Equity because the earnings will affect old the others poperation. These statements are both wrong. From what it says in my Financial Accounting book right in front of me, the income statement is prepared first, not the statement of owners equity. In the statement of owners equity, or the statement of retained earnings, net income, calculated from the income statement, is needed to be added to the beginning retained earnings to get the ending retained earnings. Dividends can also then be subtracted from that number to arrive at the final balance of retained earnings for that period. This ending balance is then presented on the balance sheet under Total Stockholder's Equity as Retained Earnings.
Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15?
no
What is the checkbook balance if you have outstanding checks that totaled 223.85 an ending balance if 159.57 and outstanding deposits of 147.96?
You would have a balance of $83.68
