Financial State...

Ascertain purchases from the following figures:

In the balance sheet contingent liability should be ________.

Use the following information for questions given ahead:
B Ltd. was registered with a share capital of $$Rs. 2,00,00,000$$ divided into equity shares of $$Rs. 10$$ each. It issued $$Rs. 1,80,00,000$$ equity shares to the general public at par payable as to $$Rs. 3$$ on application, $$Rs. 3$$ on allotment and balance in $$2$$ equal calls. The public had subscribed for $$17,00,000$$ shares. Till $$31st$$ March, $$2006$$, only first call had been made. All the shareholders had paid up except Mr. C, a holder of $$50,000$$ shares, who did not pay the call money.
B Ltd.'s Issued Capital will be ____________.

Arrangement of balance sheet in a proper way is known as __________.

If sales are Rs. $$2,000$$ and the rate of gross profit on cost of goods sold is $$25\%$$, then the cost of goods sold will be ______________.

Contingent assets usually arise from unexpected events which give rise to ____________________.

Read the following which is taken from an income statement.

Find the cost of goods purchased from the following details:
Opening stock  Rs.8,000 

From the following details estimate the capital as on 1-1-2015.
Capital as on 31-12-2015  $$Rs. 2,40,000$$,
Drawing during the year $$Rs. 20,000$$,
Profit during the year $$Rs. 25,000$$.