Site pages
Current course
Participants
General
Topic 1
Topic 2
Topic 3
Topic 4
Topic 5
Topic 6
Topic 7
Topic 8
Topic 9
Topic 10
Topic 11
Topic 12
Topic 13
Topic 14
Topic 15
Topic 16
Topic 17
Topic 18
Topic 19
Topic 20
Topic 21
Topic 22
Topic 23
Topic 24
Topic 25
Topic 26
Topic 27
Topic 28
Topic 29
Topic 30
Topic 31
Topic 32
Topic 33
Topic 34
Topic 35
Topic 36
Topic 37
Topic 38
Topic 39
Topic 40
Topic 41
Topic 42
Topic 43
Topic 44
Topic 45
Topic 46
Topic 47
Topic 48
Topic 49
Topic 50
Topic 51
Topic 52
Problem
|
Prepare a balance sheet for a farm from the information given below (as on 1st January 2005) prepares the Balance sheet for a farm. The farmer has got a medium term loan of Rs.6000 towards the purchase of an electric motor. The outstanding loan against land is Rs.15000. He borrowed Rs.2500 as crop loan from PACS. The farmer has to repay Rs.2000 to his neighborhood at the end of the year. He possesses two pairs of bullocks valued Rs.3000 per pair and electric motor Rs.5000, bullock cart Rs.1800,milck animal Rs.7000 and a thrasher for Rs.7000. Besides the farmer has Rs.3000 as cash in hand and Rs.1500 in bank in current account. The farmer has to pay the land tax of Rs.80. The farmer own 6 acres of land valued at the rate of Rs.10000 per acre, farm buildings Rs.8000 and a cattle shed Rs.2500. |
Last modified: Saturday, 2 June 2012, 7:37 AM