The comparative balance sheet of doba company showed the, Ask an Expert

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The comparative balance sheet of Doba Company showed the following changes in balance sheet items from 1991to 1992. Rs. Working capital 1,27,500 increase Long-term investments 45,000 increase EXECUTIVE M.B.A, May, 20122 (DEMB 4) Land 48,000 increaseMachinery(Less accumulated depreciation) 90,000 increase15% debenture 2,40,000 increase Share capital 60,000 increase Reserves and Surplus 10,500 decrease

The following additional data are provided:

(a) Net profit for the year was Rs.1,57,500.

(b) Accumulated depreciation for 1991 was Rs.67,500 and for 1992 Rs.90,000.

(d) A bonus issue of shares of Rs.60,000 was made during the year.

(e) A cash dividend of Rs.87,000 was declared and paid during the year.

Prepare a statement of changes in financial position for Doba Company.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91749251

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