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what is the balance sheet? And also tell me about the
finanacial statement?
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Answer / syed iliyas
Balance sheet is a statement which monitor the financial
position of a company at any particular date by comparing
how much of asset it has earned during the period and how
much of the company liable to the others
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / punita
Balance sheet is the statement which shows financial
position of the company which tell us whether comapany have
sufficient assets to bear its long term as well as long
term liabilities.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / mayur patel
very simple, balance sheet means deference between liabilities and assets of the company. financial statement is indicate to the real situation of the company by using the balance sheet.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / kusum
Balance sheet is a statement which monitor the financial
position of a company at any particular date by comparing
how much of asset it has earned during the period and how
much of the company liable to the others
| Is This Answer Correct ? | 0 Yes | 0 No |
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2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
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