Prove that 12X 20+(-20)x8
Answers
Answer:
Q.1. The following are the balances of Suhani Ltd. as on 31 March, 2020. Credit Balance Rs. Debit Balance Rs. Equity Share Capital 5,00,000 Building 3,50,000 5% Debentures 1,25,000 Plant & Machinery 1,25,000 Bank overdraft 60,000 Stock 1,50,000 Creditors 40,000 Debtors 1,00,000 Sales 9,25,000 Goodwill 65,000 Discount 11,500 Cash & Bank 65,000 Return outward 500 Discount 7,500 Fuel 12,850 Purchases 3,04,500 Carriage Inward 5,875 Wages 2,76,000 General Expenses 87,000 Short term Investment 75,000 Loose Tools 30,000 Bad Debts 5,150 Debenture Interest Paid 3,125 16,62,000 16,62,000 Additional Information: i. The authorized capital of the company is Rs. 10,00,000 ii. Depreciate plant & machinery by 20% and revalue loose tools at 20,500. iii. Half year’s Debenture interest is due. iv. Create 5% provision for doubtful debts. v. Make a provision for income tax @ 40%. vi. Stock on 31 March, 2020 was Rs. 1,75,000. vii. A claim of Rs. 25,000 for workmen compensation is being disputed by the company. Assignment viii. The Board declared a dividend of 15% on paid up capital. ix. Transfer to general reserve 10% of current year profits.
Answer:
Step-by-step explanation:
12 x 20 + (-20) x 8
= 20( 12 - 8)
= 20 x 4
= 80
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