Following balances are extracted from the books of City Light Supply Corporation as on 31st March, 2016 : $ Equity Shares Debentures Sundry Creditors on Open Accounts Depreciation Fund Capital Expenditure on 31-3-2015 Capital Expenditure during 2015-16 Sundry Debtors for Current Supplied Other Debtors Stores in Hand Cash in Hand 1,64,700 60,000 300 75,000 Cost of Generation of Electricity Cost of Distribution of Electricity Rent, Rates and Taxes Management Expenses Depreciation Interest on Debentures Interim Dividend Sale of Current Meter Rent Balance of Net Revenue Account as on 1st April, 2015 2,85,000 18,300 12,000 150 1,500 1,500 9,000 1,500 1,500 3,600 6,000 3,000 6,000 39,000 1,500 8,550 3,49,050 3,49,050 Prepare:- (a) Capital Account (b) Revenue Account (c) Net Revenue Account and (d) General Balance sheet from the above Trail Balance.

Following balances are extracted from the books of City Light Supply Corporation as on 31st March, 2016 : $ Equity Shares Debentures Sundry Creditors on Open Accounts Depreciation Fund Capital Expenditure on 31-3-2015 Capital Expenditure during 2015-16 Sundry Debtors for Current Supplied Other Debtors Stores in Hand Cash in Hand 1,64,700 60,000 300 75,000 Cost of Generation of Electricity Cost of Distribution of Electricity Rent, Rates and Taxes Management Expenses Depreciation Interest on Debentures Interim Dividend Sale of Current Meter Rent Balance of Net Revenue Account as on 1st April, 2015 2,85,000 18,300 12,000 150 1,500 1,500 9,000 1,500 1,500 3,600 6,000 3,000 6,000 39,000 1,500 8,550 3,49,050 3,49,050 Prepare:- (a) Capital Account (b) Revenue Account (c) Net Revenue Account and (d) General Balance sheet from the above Trail Balance.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 61BE: Debt Management Ratios Glow Corporation provides annual and quarterly financial data to the public....

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Debt Management Ratios Glow Corporation provides annual and quarterly financial data to the public. For the years of 2018 and 2019. Glows financial data included the following account balances: Required: Determine whether the debt to equity ratio is increasing or decreasing and whether Glow should be concerned.
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