Scribd
Upload
12 views1 page

Financial Statement Question

Kushal Limited is a cancer medicine manufacturer preparing its financial statement for the year ending March 31, 2024. Key financial figures include a share capital of 40,00,000, total sales of 55,00,000, and various expenses such as salary and wages totaling 3,85,000. The document outlines assets, liabilities, and operational costs necessary for the financial statement preparation.

Uploaded by

bhupendra Jain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
12 views1 page

Financial Statement Question

Kushal Limited is a cancer medicine manufacturer preparing its financial statement for the year ending March 31, 2024. Key financial figures include a share capital of 40,00,000, total sales of 55,00,000, and various expenses such as salary and wages totaling 3,85,000. The document outlines assets, liabilities, and operational costs necessary for the financial statement preparation.

Uploaded by

bhupendra Jain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Kushal Limited engaged in the manufacturing of medicine for cancer.

Following information available


from the record of Kushal Limited. Prepare financial statement for the year ending 31.03.2024

Share Capital 40,00,000 Opening stock finished goods 4,60,000


Land & Building 20,00,000 Closing stock of finished goods 5,52,000
Machinery 16,50,000 Term Loan 12,00,000
Furniture 3,20,000 Short term loan (Cr) 1,50,000
Laptop & Computers 4,80,000 Trade Payable 5,20,00
Opening stock of raw material 8,20,000 Trade Receivable 3,80,000
Closing stock of raw material 8,00,000 Short term advances 1,80,000
Raw material purchased 32,00,000 Cash and bank balance 3,20,000
Sales 55,00,000 Salary & Wages 3,85,000
Sales return 1,50,000 Staff welfare expenses 86,000
Interest on loan 32,000 Electricity bill 48,000
Freight 45,000 Depreciation 2,45,000
Repair & maintenance 12,000 Stationery 8,000

You might also like