Question

In: Finance

1. Please indicate of draw Financial Statement of a company and two examples for Current Assets...

1. Please indicate of draw Financial Statement of a company and two examples for Current Assets of a company.

i need answer now

Solutions

Expert Solution

Financial Statement of a company

Balance Sheet as at 31st March, 20.....

Particulars Note No. Current reporting period Previous reporting period I. EQUITY AND LIABILITIES 1) Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants 2) Share Application money pending allotment 3) Non-current Liabilities (a) Long term borrowings (b) Deferred tax liabilities (net) (c) Other long term liabilities (d) Long term provisions 4) Current Liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions Total II. ASSETS 1) Non-Current Assets (a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital work-in-progress (iv) Intangible assets under development (b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other non-current assets 2) Current Assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short term loans and advances (f) Other current assets Total

Examples for Current Assets of a company are Cash and Equivalents, Accounts Receivable and Inventory.

Thank you, please give me an upvote


Related Solutions

Indicate all of the costs that would appear under Non-Current Assets on the Statement of Financial...
Indicate all of the costs that would appear under Non-Current Assets on the Statement of Financial Position: a. Development costs for new products which conform to the six criteria for capitalization. b. New driveway to the office building. c. Costs to register trademarks. d. Estimated reclamation costs (asset retirement costs) for a gas well to be paid at the end of the well's life. e. Repair and maintenance costs for new equipment. f. Costs for repainting the office. g. Amounts...
What are two examples of real assets and two examples of financial assets (extra credit for creativity)?
What are two examples of real assets and two examples of financial assets (extra credit for creativity)?If you have assets of $1000 and liabilities of $500 what is your net worth?What is one major difference between equity and fixed income securities?
The current assets and current liabilities sections of the statement of financial position of Monty Corp....
The current assets and current liabilities sections of the statement of financial position of Monty Corp. are as follows: MONTY CORP. Statement of Financial Position (partial) December 31, 2020 Cash $43,000 Accounts payable $62,000 Accounts receivable $95,000 Notes payable 68,000 Allowance for doubtful accounts 7,800 87,200 Inventory 186,600 Prepaid expenses 9,500 $326,300 $130,000 The following errors have been discovered in the corporation’s accounting: 1. January 2021 cash disbursements that were entered as at December 2020 included payments of accounts payable...
When I look at the statement of financial position, one of the categories of non-current assets...
When I look at the statement of financial position, one of the categories of non-current assets is ‘investment properties’ and another category is ‘property, plant and equipment’ – in which all other properties are included. Surely, we invest in all our properties, so why do we have two categories for them in the statement of financial position? How do we decide what goes into ‘property, plant and equipment’ and ‘investment properties’? In addition, a note to the financial statements states...
Present current and long term assets and liabilities on a balance sheet (statement of financial position)...
Present current and long term assets and liabilities on a balance sheet (statement of financial position) including require disclosures. Please explain.
Please share two concepts learned in financial accounting, please give examples
Please share two concepts learned in financial accounting, please give examples
1. Draw two molecules that are examples of constitutional isomers. Are your examples skeletal or positional...
1. Draw two molecules that are examples of constitutional isomers. Are your examples skeletal or positional isomers? 2. Draw the cyclohexane ring in the chair and boat conformations. 3.What is meant by the phrase "plane of symmetry"? Do enantiomers have a paln of symmetry? How do you justify your answer about enantiomers? 4. What is meant by the term "optical activity"? Why is it that only certain kinds of molecules are optically active. How do chemists measure the optical activity...
Please indicate if the statement below is true or false. If the statement is false, indicate and make the correction to make the statement true.
Modified True/FalsePlease indicate if the statement below is true or false.  If the statement is false, indicate and make the correction to make the statement true.   Each question is worth 5 points (there is a bonus).  Partial answer (that is, the statement is false, but your correction is wrong) will get ½ credit.1.  General obligation bonds are less restrictive than revenue backed bonds with few limitations regarding the amount that can be issued.True/False       ____________________                                Correction to make true ___________________________________________________________________________________2.   When issuing revenue backed bonds, receipts from all...
The following financial statement is for the current year: Second Link Bank Assets (RM) Duration Liabilities...
The following financial statement is for the current year: Second Link Bank Assets (RM) Duration Liabilities (RM) Duration Reserves                  5,000,000 Securities                                < 1 year                   5,000,000 0.00 0.40 Checkable 15,000,000 deposits 5,000,000 2.00 0.10 1 to 2 years >2 years Residential mortgages Variable rate Fixed rate Commercial loans <1 year 1 to 2 years >2years Buildings, etc. Total 5,000,000 10,000,000 10,000,000 10,000,000 15,000,000 10,000,000 25,000,000 5,000,000 100,000,000 1.60 7.00 0.50 6.00 0.70 1.40 4.00 0.00 Money market deposits...
Indicate which of the following current assets and current liabilities are operating accounts (O) and thus...
Indicate which of the following current assets and current liabilities are operating accounts (O) and thus included in the adjustment of net income to cash flow from operating activities and which are cash (C), investing (I), or financing (F) accounts. (a) Accounts payable (b) Accounts receivable (c) Notes payable (to bank) (d) Marketable securities (e) Accrued expenses (f) Inventory (g) Prepaid expenses (h) Current portion of long-term debt (i) Dividends payable (j) Income taxes payable (k) Interest payable (l) Certificates...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT