Calculate Net Profit before Tax of Power Tools Ltd. from its Balance Sheet as at 31st March, 2023
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Answer:- Operating Activity iii), vii), x), xi) Operating Activities are the principal revenue producing activities of the enterprise Investing Activity ii), iv), vi) Investing Activities are the acquisition and disposal of long-term assets Financing Activity i, viii), ix), Financing Activities…
Answer:- I) Operating Activity d) Operating Activities are the principal revenue producing activities of the enterprise ii) Investing Activity a), c), e) Investing Activities are the acquisition and disposal of long-term assets iii) Financing Activity b), f), g) Financing Activities…
Answer:- I) Operating Activity a), b), c), g) Operating Activities are the principal revenue-producing activities of the enterprise ii) Investing Activity h), i), Investing Activities are the acquisition and disposal of long-term assets iii) Financing Activity f), j), k), l)…
Solution:- i), ii), iii), iv), v), vi) All above-quoted transactions change in size and composition of the owner’s capital and borrowings of the enterprise.
Solution:- (i), (iii), (iv), and (v) are Investing Activity as it implies the acquisition and disposal of long-term assets.
Solution:- (i), (ii), (v), and (vii) are operating activities as these are the principle operating revenue-producing activities of the firm.
Solution:- (i) Dividend received by a foreigner from investment in share of an Indian company Ans:- Dividend received by a foreigner from investment in shares of an Indian company ‘will be deducted from National Income as it is factor income…
Solution:- (i) Dividend received by an Indian firm from its investment in shares of a foreign company. Ans:- Dividend received by an Indian firm would be included in national income of India as it is the part of Factor income…