26. Calculate the amount of External Equities as on 31st March, 2021 in the following cases:
(i) On 31st March, 2021, total assets and capital were 15,00,000 and * 10,50,000
respectively.
(ii) On 1st April, 2020, Mukesh started business with a capital of 3,00,000 and a loan of
*3,00,000 borrowed from a friend. During the year, he earned a profit of * 1,50,000.
On 31st March, 2021, the total assets were 15,00,000.
(iii) On 1st April, 2020, Ramesh started business with a capital of 3,00,000 and a loan
of * 3,00,000 borrowed from a fixed. During the year, he earned a profit of * 1,50,000,
introduced an additional capital of 1,80,000 and had withdrawn *90,000 for his
personal use. On 31st March, 2021 total assets were 15,00,000.
[(1) * 4,50,000; (ii) * 10,50,000; (iii) 9,60,000.)
Answers
Answer:
26. Calculate the amount of External Equities as on 31st March, 2021 in the following cases:
(i) On 31st March, 2021, total assets and capital were 15,00,000 and * 10,50,000
respectively.
(ii) On 1st April, 2020, Mukesh started business with a capital of 3,00,000 and a loan of
*3,00,000 borrowed from a friend. During the year, he earned a profit of * 1,50,000.
On 31st March, 2021, the total assets were 15,00,000.
(iii) On 1st April, 2020, Ramesh started business with a capital of 3,00,000 and a loan
of * 3,00,000 borrowed from a fixed. During the year, he earned a profit of * 1,50,000,
introduced an additional capital of 1,80,000 and had withdrawn *90,000 for his
personal use. On 31st March, 2021 total assets were 15,00,000.
[(1) * 4,50,000; (ii) * 10,50,000; (iii) 9,60,000.)26. Calculate the amount of External Equities as on 31st March, 2021 in the following cases:
(i) On 31st March, 2021, total assets and capital were 15,00,000 and * 10,50,000
respectively.
(ii) On 1st April, 2020, Mukesh started business with a capital of 3,00,000 and a loan of
*3,00,000 borrowed from a friend. During the year, he earned a profit of * 1,50,000.
On 31st March, 2021, the total assets were 15,00,000.
(iii) On 1st April, 2020, Ramesh started business with a capital of 3,00,000 and a loan
of * 3,00,000 borrowed from a fixed. During the year, he earned a profit of * 1,50,000,
introduced an additional capital of 1,80,000 and had withdrawn *90,000 for his
personal use. On 31st March, 2021 total assets were 15,00,000.
[(1) * 4,50,000; (ii) * 10,50,000; (iii) 9,60,000.)26. Calculate the amount of External Equities as on 31st March, 2021 in the following cases:
(i) On 31st March, 2021, total assets and capital were 15,00,000 and * 10,50,000
respectively.
(ii) On 1st April, 2020, Mukesh started business with a capital of 3,00,000 and a loan of
*3,00,000 borrowed from a friend. During the year, he earned a profit of * 1,50,000.
On 31st March, 2021, the total assets were 15,00,000.
(iii) On 1st April, 2020, Ramesh started business with a capital of 3,00,000 and a loan
of * 3,00,000 borrowed from a fixed. During the year, he earned a profit of * 1,50,000,
introduced an additional capital of 1,80,000 and had withdrawn *90,000 for his
personal use. On 31st March, 2021 total assets were 15,00,000.
[(1) * 4,50,000; (ii) * 10,50,000; (iii) 9,60,000.)
Explanation:
Financial data related to a company's unit production for the current month are as follows: Standard overhead hours for production of 15,000 units - 20,000 hrs. . Actual unit production - 15,000 units Actual variable factory overhead - $475,000 Actual fixed factory overhead - $50,000 Standard unit total overhead cost per hour - $30 $ Standard fixed factory overhead per hour - $3 What amount is the company's variable factory overhead variance for the current month? Select one: O a. -$75,000 O b.-$25,000 O c. $65,000 O d. $1,25,000