Accountancy, asked by nandhinisenthi95, 1 day ago

Statements of financial position of Mr. Kumar as on 30th June 2019.

Particulars Amount (Rs)
Property 100000
plant and equipment 250000
inventory 22500
Trade receivables 14200
Equity share capital @ 1 shares 60000
Share premium 5232
Revaluation surplus. 10000
Retained earnings 56400
bank loan (6%) 20000
Trade payables 35068
Bank overdraft 185300
Income tax liability 9852
Interest accrual 4848

Answers

Answered by swatibhalerao790

Statements of financial position of Mr. Kumar as on 30th June 2019.

Particulars Amount (Rs)

Property 100000

plant and equipment 250000

inventory 22500

Trade receivables 14200

Equity share capital @ 1 shares 60000

Share premium 5232

Revaluation surplus. 10000

Retained earnings 56400

bank loan (6%) 20000

Trade payables 35068

Bank overdraft 185300

Income tax liability 9852

Interest accrual 4848

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