NMIMS April,May 2023 ready assignments-Company Dream High Pvt. limited wants to distribute dividend to its shareholders. There are two types of dividend, which a shareholder can receive in any accounting year. Discuss the term dividend, its types, accounting treatment of dividend in the books of accounts
NMIMS April,May 2023 ready assignments-Company Dream High Pvt. limited wants to distribute dividend to its shareholders. There are two types of dividend, which a shareholder can receive in any accounting year. Discuss the term dividend, its types, accounting treatment of dividend in the books of accounts.
Financial Accounting & Analysis
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Prepare the journal by recording the following transactions (10 Marks)
TABLE BELOW
3-Dec |
Mrs. Vinita started business by transferring amount from her savingaccount to the business bank account Rs500000 |
5-Dec |
She Purchased go down to stock goods worth Rs 100000 |
7-Dec |
She purchased goods for sale, costing her Rs 300000 |
8-Dec |
She sold off the entire goods at Rs 500000,credit sales |
10-Dec |
She paid salary to employees Rs 20000 through bank account |
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Company Dream High Pvt. limited wants to distribute dividend to its shareholders. There are two types of dividend, which a shareholder can receive in any accounting year. Discuss the term dividend, its types, accounting treatment of dividend in the books of accounts and a brief towards how cash flow on account of dividend is reflected in the cash flow of a company (10 Marks)
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Following are the particulars available for Z and X, LLP
retained earnings |
668 |
accounts receivable |
240 |
supplies |
500 |
salaries payable |
167 |
equipment |
1000 |
unearned revenue |
475 |
accounts payable |
200 |
cash |
1170 |
prepaid insurance |
100 |
common stock |
1500 |
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Calculate the amount of – (5 Marks)
Total assets
Total liabilities excluding stockholder equity
Total stockholders’ equity
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Discuss the advantages of preparing the Balance Sheet. (5 Marks)
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