Balsara Hygiene Products Limited Audited Balance Sheet and Profit & Loss Accounts for the year ended 31st March‚ 2006 BALSARA HYGIENE PRODUCTS LIMITED 17 ANNUAL REPORT 2005-06 Contents Page Director’s Report Auditor’s Report Balance Sheet Profit & Loss Account Schedules Accounting Policies & Notes to Accounts Statement of Cash Flow 1 4 7 8 9 12 15 BALSARA HYGIENE PRODUCTS LIMITED 18 ANNUAL REPORT 2005-06 DIRECTORS’ REPORT The Directors’ have pleasure in presenting the
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assignment. - lets decide on this soon since Ms. Angela has to approve this selection. Obtain faculty approval of your selected organization before beginning the assignment. Access the information contained in your selected organization’s balance sheet and income statement to calculate the following: · Liquidity ratios o Current ratio o Acid-test‚ or quick‚ ratio o Receivables turnover o Inventory turnover · Profitability ratios
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Financial Statements Paper Your Name Principles of Accounting – ACC/280 Date Instructor Name Financial Statements Paper The purpose of accounting is to provide a means of reporting‚ recording‚ summarizing‚ and interpreting economic data within an organization. Accounting is used by everyone in one form or another. Everyone should have a basic understanding of accounting as it could be extremely beneficial to everyone. Within every company there should be an accounting department
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Financial Statements Financial Statements of a company measures the performance of their accounting period. The four parts of a Financial Statement are income statement‚ balance sheet‚ and statement of cash flow‚ and stockholders’ equity. The income statement of Landry’s Restaurants will show the summary of how the business has incurred revenues and expenses through operating expenses (Phillip‚ Libby‚ Libby‚ 2005). The income statement of Landry’s Restaurants‚ Incorporation shows the
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found on the balance sheet (www.investorwords.com/273/asset.html). In accounting‚ assets are divided into different categories such as current assets‚ long-term assets‚ prepaid and deferred assets‚ and intangible assets (www.investorwords.com/273/asset.html). What is a balance sheet? It is a financial statement that shows the company’s assets‚ liabilities‚ and the owner’s equity. The asset equals liabilities plus shareholders’ equity is the formula for accounting equation. The balance sheet was naming
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resources and claims to resources. Because accountings have to report these organizations‚ the reports are done in a formal way called financial statements. The financial statements that are the main focused in this paper is the income statement‚ the balance sheet and the statement of cash flows. An income statement is a financial statement for companies that
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Statement of Management’s Responsibility [ ] [ ] [ ] __________ • Statement of Representation (for first time filing) [ ] [ ] [ ] __________ • Report of Independent Auditor [ ] [ ] [ ] __________ • Comparative Balance Sheets [ ] [ ] [ ] __________ • Comparative Income Statements [ ] [ ] [ ] __________ • Comparative Statements of Changes in Equity [ ] [ ] [ ] __________ • Comparative Cash Flow Statements [ ]
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a company. These statements are the balance sheet‚ the income sheet‚ the statement of retained earning and the statement of cash flows. These four statements show a variety of information that pertains to the financial situation of a company during a specific accounting period. Managers and executives must be knowledgeable about the financial statements of their company and know where their company stands financially. The Balance Sheet The balance sheet is a report that shows the overall financial
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assets at the date of acquisition. Selected balance sheet data at December 31‚ 2009‚ are as follows: 1. Based on the preceding information‚ what amount should be reported as noncontrolling interest in net assets in Jane Company’s December 31‚ 2009‚ consolidated balance sheet? A. $90‚000 B. $54‚000 C. $36‚000 D. $0 2. Based on the preceding information‚ what amount will Jane Company report as common stock outstanding in its consolidated balance sheet at December 31‚ 2009? A. $120‚000 B. $180
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specific date. Solutions to Vocabulary Quiz Chapter 1 1. Cost principle 2. Liabilities 3. Assets 4. Net loss 5. Partnership 6. Retained earnings 7. Accounting equation 8. Dividends 9. Expenses 10. Balance sheet Multiple Choice Quiz Name _______________ Chapter 1 1. All of the following are characteristics of a sole proprietorship except: a. a business owned by one person. b. owner has control of the business. c. a separate
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