EACC506 Assignment 1 PDF

Assignment No. 1 RegdNo. 324102883 Course Code: EACC506 Registration Number: _________ Instructions: a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation....

Assignment No. 1 RegdNo. 324102883 Course Code: EACC506 Registration Number: _________ Instructions: a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation. b. The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall not be considered. Q1. Balance sheet of Trinidad Ltd. for the year ending 31st December, 2008 & 2009 are as follows.You are required to prepare a comparative balance sheet form and give your comments on Fixed Assets. 31st 31st 31st 31st LIABILITIES ASSETS December, December,2006(₹) December,2007(₹) December,2006(₹) 2007(₹) Equity Share 4,00,000 6,00,000 1,00,000 70,000 Capital Furniture 12 % Preference 2,00,000 1,00,000 90,000 1,10,000 Share Capital Stock General 2,00,000 3,00,000 60,000 1,00,000 Reserves Debtors 15% 1,50,000 2,50,000 7,00,000 10,00,000 Debentures Building Other 1,20,000 1,80,000 2,30,000 2,80,000 Creditors Asset Bills Payable 40,000 60,000 Tax Payable 90,000 1,10,000 Cash 20,000 40,000 12,00,000 16,00,000 [10 Marks] Signature of the Student__________________ Page 1 of 2  RegdNo. 324102883 Assignment No. 1 Course Code: EACC506 Registration Number: _________ Instructions: a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation. b. The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall not be considered. Q2. X Ltd., has a current ratio of 3.5 : 1 and quick ratio of 2 : 1. If excess of current assets over quick assets represented by inventories is Rs. 24,000, calculate current assets and current liabilities. [10 Marks] Signature of the Student__________________ Page 2 of 2