Model: Disposal of surplus—Amount refundable to customers The following balances relate to an electric company and pertain to its accounts for the year ended 31 December 2010:
| Rs. Don't use plagiarized sources. Get Your Custom Essay on disposal of surplus mdash amount refundable to customers the following balances rela 609533 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | |
| Share Capital | 60,00,000 |
| Reserve Fund (Invested) in 5% Govt. Securities at Par) | 30,00,000 |
| Contingencies Reserve (Invested in 6% Govt. Loan) | 10,00,000 |
| Loan from Stare Electricity Board………. | 15,00,000 |
| 11% Debentures | 5,00,000 |
| Development Reserve | 5,00,000 |
| Fixed Assets | 1,00,00,000 |
| Depreciation Reserve on Fixed Assets | 40,00,000 |
| Consumer’s Deposits | 40,00,000 |
| Amount Contributed by Consumers Towards Cost of Fixed Assets | 1,00,000 |
| Tariffs and Dividends Control Reserve | 2,50,000 |
| Monthly Average of Current Assets | 10,00,000 |
| Intangible Assets: | 2,00,000 |
The Company earned a profit of Rs.5,00,000. Show how the profits of the company will be dealt with under the provision of the Electricity Act, assuming that the bank rate during the year was 8%.
part one For this assignment you are to to watch: Shattered Glass Write a two…
Standard Project - WebServers. Instruction attached. Need all requirements, you do not have to make…
Read classmates post and respond with 100 words:The International Categorization of Diseases, Tenth Revision, Clinical…
Most Americans have at least 1 issue that is most important to them. Economic issues…
For this assignment, you are the court intake processor at a federal court where you…
Use a standard outline format to lay out how you are going to write your…