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Uses of Gold, Tin, Limestone and Clay

Uses of Gold Gold is a precious metal with a variety of uses, including jewelry, electronics, and currency. Gold is also used in a wide variety of industrial and medical applications. Jewelry Gold is a popular choice for jewelry such

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Mineral resources in Jigawa state, Nigeria

Mineral Resources in Jigawa State, Nigeria Jigawa State is a state located in northwestern Nigeria. It is bordered by seven other Nigerian states, and its capital is Dutse. Jigawa State is home to a variety of mineral resources, including gold,

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Brief history of jigawa

Brief History of Jigawa Jigawa is a state located in North-West Nigeria. It is bordered by Katsina, Kano, Bauchi, and Yobe states. It was created on August 27, 1991 out of the former Kano State and is part of the

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History of jigawa

History of Jigawa Jigawa is a state located in the Northwestern part of Nigeria. It was created in 1991 out of the former Kano State. It is the smallest state in the country and its capital is Dutse. The state

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b. Law of Recency

Law of Recency The law of recency states that people are more likely to remember the most recent information they have been exposed to. This is due to the fact that recent memories are more easily accessible to the brain

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Where is kwara state located,

Kwara State Kwara State is a state located in the north-central region of Nigeria. It is bordered by Niger State to the north, Kogi State to the east, Ekiti State to the south-east, Ondo State to the south-west, and Osun

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what is scaffolding in AI and ML

What is Scaffolding in AI and ML? Scaffolding is a method of teaching Artificial Intelligence (AI) and Machine Learning (ML) by providing students with guidance and support. This method of teaching helps students understand complex concepts quicker by breaking them

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PARTICULARS A.SOURCES OF FUND 1. Shareholder’s Funds EQUITY AND LIABILITIES EQUITY Equity share capital 2,719.86 Other capital 1,70,747.90 Total equity 1,73,467.76 Borrowed Funds Non-current liabilities Financial Liabilities (i) Lease liabilities 6,901.41 (ii) Other Financial Liabilities 123.7 Provisions 1,398.25 Other Non-Current Liabilities 45.12 Total Borrowed Funds 8,468.48 Total Funds Available 1,81,936.24 B. Application of Funds ASSETS 1.Non-Current Assets Property, Plant and Equipment 96,297.14 Capital Work-in-Progress 12,184.42 Financial Assets (i) Loans 133.88 ii) Others 1,703.29 Deferred Tax Assets (Net) 1,729.72 Other Non-Current Assets 972.62 Current Tax Assets (Net) 28,876.36 Total Non-Current Assets 1,41,897.43 2.Working Capital Current Assets Inventories 35,718.77 Financial Assets (i) Trade Receivables 22,467.81 ii) Cash and Cash Equivalents 72,406.64 (iii) Bank Balances 3,064.63 (iv) Loans 10,731.91 v) Others 701.16 Other Current Assets 3,194.79 Total Current Asset (a) 1,48,285.71 Less: Current liabilities Financial Liabilities (i) Lease liabilities 1,403.95 Vertical balance sheet as on 31 March 2022 (ii) Trade Payables Total outstanding dues of micro enterprises and small enterprises 1,556.30 Total outstanding dues of creditors other than micro enterprises and small enterprises 75,583.15 (iii) Other Financial Liabilities 3,519.28 Other Current Liabilities 12,266.67 Provisions 8,401.83 Current Tax Liabilities (Net) 5,515.72 Total Current Liabilities (b) (1,08,246.90) Working Capital (a-b) 40,038.81 Total Funds Applied 1,81,936.24

Answer: Vertical Balance Sheet as on 31 March 2022 A vertical balance sheet is a financial statement that shows a company’s assets, liabilities, and equity at a specific point in time. It is a statement that shows the company’s financial

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Mr Rajiv Khurana is an architect running his own consulting firm – Perfect Arch. The balance sheet of the firm as on 31 st December 2020 was as follows: Balance Sheet as on December 31, 2020 Owner’s Equity 32,50,000 Equipment and Tools 25,60,000 Loan from Bank 12,50,000 Amount Receivable from Clients 15,75,000 Un-paid Salary on 31-12-2020 62,000 Cash and Bank Balance 3,80,000 Office Stores and Stationery 17,000 Advance Rent 30,000 45,62,000 45,62,000 During the year 2021, the following transactions took place: 1. Fee charged on clients for work done during the year – Rs 75,36,000. Amount received from the clients – Rs 78, 50,000. 2. Salary payable to staff during the year – Rs 7,82,000. The salary paid to staff – Rs 7.92,000. 3. New equipment purchased during the year Rs 12,60,000. Depreciation to be charged on equipment and tools during the year Rs 7,80,000. 4. During the year office stores of Rs 125,000 were purchased. On 31-12-2021, office stores of Rs 12,000 were balance with the office. 5. Interest on loan for the year Rs 1,25,000. Loan (including interest) refunded during the year Rs 2,25,000. 6. Amount drawn by Mr Rajiv for his personal use (excluding his salary) Rs 12,00,000. 7. Rent payable @ Rs 30,000 p.m. Rent paid for the year RS 3,60,000. Required: 1. Prepare a cash and bank account and show what is the bank balance as on December 31, 2021. 2. Prepare an Income Statement for the year and show the profit/loss earned. 3. Prepare the Balance Sheet as on 31 st December 2021.

Answer: Balance Sheet of Perfect Arch as on December 31, 2020 The balance sheet of Perfect Arch as on December 31, 2020 is as follows: Owner’s Equity amounted to 32,50,000, Equipment and Tools amounted to 25,60,000, Loan from Bank amounted

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Advantages of skilled labour

Advantages of Skilled Labour Skilled labour refers to workers who have specialised knowledge or expertise in a particular field, such as a craftsperson or professional. Skilled labour can bring a variety of advantages to organisations, including improved quality of work,

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