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Balance Sheet for Baker Ltd as at 31st March 2022

  1. The following are extracts from the accounts of Baker Ltd at the beginning of the year:
    Trade receivables 140,210
    Plant & equipment 40,481
    Cash 781,709
    Fixtures & Fittings 40,080
    Trade Payables 45,891
    Property 95,081
    Opening inventory 78,000
    Goodwill 17,159
    Long term loan 1,010,710
    Inventory 1,051,715
    Share capital ?
    During the year the following transactions took place:
  2. The company returned Furniture & Fittings of £15,040 (bought on cash) that were faulty.
  3. Retained earnings £500,000
  4. They received from customers £25,000.
  5. They bought Plant & equipment £16,000 on cash.
  6. They obtained a loan of £12,498 and they will repay it in 9 month’s time
  7. They repaid their suppliers £15,500.
  8. Depreciation to be charged on Plant & Equipment of £10,000.
  9. The closing inventory is £1,051,715
    a. Prepare the Balance Sheet for Baker Ltd as at 31st March 2022. (20 marks)
    b. Calculate the Liquidity ratios and explain the significance of the results. (5 marks)

Sample Solution

sufficient approach to addressing adolescence is by review youngsters as friendly people, he does this to grasp their situations from inside contemporary society. Organizing of the youth experience is addressed in 'stages and contents' that are answerable for creating the fundamental inquiries concerning their surroundings. One phase of life is youth, and we consider it to be a characteristic progressive phase. It is anyway not just a natural progressive phase, but rather a rise of mentalities, convictions and values that encompass the singular kid at specific moments. As such it tends to be characterized as a liquid social classification, this isn't fixed and it is dependent upon the evolving values, definitions and assumptions we have inside society and in particular the singular discernments and internalisations youngsters make of these cultural limits (Valentine, 2000). It isn't just that there is inner disarray made by the changing hormonal equilibriums, yet additionally different other unseen fits of turmoil which are an immediate impression of the complex aspects during the time spent 'growing up'. Narvanen and Nasman (2004) examine youth as a social development corresponding to the generational viewpoint where, " Children and young people are likewise viewed as entertainers who decipher their reality, reflect, and make meaning; they are entertainers engaged with building their own lives and impacting their own circumstances… … … … … That is, the significance of 'kid' as a social position is perceived comparable to different situations according to which it is characterized - those of parent and grown-up. Subsequently the emphasis is on the development of these connections and how individuals in those positions connect with each other," (Narvanen and Nasman, 2004, pp.72) It is the social circumstances that encompass a youngster in the public eye that are connected with how adulthood is seen by society; on the other hand this position is connected with the treatment of youngsters, (Young, 1995: 121). The Social Construction of Childhood Aries (1962) contends that youth is definitely not an organically resolved stage but instead a socially forced stage. He characterized youth as a class that was applied as an idea in the public eye during the sixteenth Century, preceding that they were viewed as being little grown-ups who were prepared to do, and for sure made to take part completely in grown-up life. Aries' (1962) view is that youth is another idea that didn't exist inside the middle age period. Adolescence he asserts started in the sixteenth and seventeenth hundreds of years in the privileged societies, the idea then, at that point, acquired strength until it penetrated all degrees of society anyway it was only after later on in the nineteenth and mid twentieth century that it was acknowledged by the lower classes. On the development of the foundation of experience growing up, the youngsters' circumstance inside society started to transform, they were 'named' kids and guiltlessness was conceived. Youngsters started to be safeguarded from the truth of the world and its occasions The setting of legitimate ages for assents, for sex, the offer of liquor, the legal participation of schools and casting a ballot rights, subsequently making age the conspicuous marker and concentration for development, (Hewstone, Wolfgang and Stephenson, 1996). In another hypothesis, Muller's (1973) origination of experience growing up is organized utilizing four stages that are separated by patterns in birth and demise rates. Stage one makes sense of that youngsters are a, 'means to an end' until they arrived at puberty when they

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