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Can someone explain this? Values of A,B,C,D?
Answers (19)
Shankari C
Find the profit using statement of affairs and Use equation like (Total liab including capital= opening cap+profit+all liabilities) . Assets = liability+ capital. Substitute each item and find the figures
The loss during the year is given right, then how can we calculate the profit sis.
Shiva Netha
...
Yeah, the closing capital and Loan are correct amounts... But bro how did you calculate trade receivables?? Sales was not given in the question!
Vijay K
Total liabilities+ capital= assets 14,15,000 = machinery+ inventory+ cash +bank + trade receivevable. 14,15,000 = 12,00,000 + 60,000 + A + 80,000 + B Atlast, A + B = 75,000
After this i don't know how to find the cash and trade receivevable.
Vijay K
Total liabilities+ capital= assets 14,15,000 = machinery+ inventory+ cash +bank + trade receivevable. 14,15,000 = 12,00,000 + 60,000 + A + 80,000 + B Atlast, A + B = 75,000
Yeah.. even I was left with A+B=75000 at last
Vijay K
After this i don't know how to find the cash and trade receivevable.
Okay thank u let's wait for others to answer
Thread Starter
Monika TYeah.. even I was left with A+B=75000 at last
Yes sis, i think the question is incomplete.
Vijay K
After this i don't know how to find the cash and trade receivevable.
You cannot find it since the amount and details are not given.
Vijay K
The loss during the year is given right, then how can we calculate the profit sis.
Below that i have mentioned loss to be considered
CA Suraj Lakhotia Admin
You cannot find it since the amount and details are not given.
Paper 1,Module 1 ,page no: 2.26 ,Question no:5, Here they given complete information about question.
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