P5–3 (Balance Sheet Adjustment and Preparation) The adjusted trial balance of Side Kicks Company and other related information for the year 2007 are presented on the next page. SIDE KICKS COMPANY . ADJUSTED TRIAL BALANCE . December 31, 2007 Debits Credits. Cash 41,000 Postal Test Paper_P5_Intermediate_Syllabus 2016_Set 1 Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 4 3. Messrs, Dalal, Banerjee and Malick is a firm sharing profits and losses in a ratio of 2:2:1. Their balance sheet as on 31st March, 2013 is as given below: Liabilities ` Assets `

Jun 11, 2018 · Also, depending on the ownership arrangement of the subsidiary, the nature of the consolidated balance sheet may differ. Careful, accurate accounting is essential throughout the year in both the parent company and subsidiary to ensure that, when it comes time to create a consolidated balance sheet, it is done correctly. Feb 10, 2013 · Adjust Trial Balance & Prepare Classified Balance Sheet Exercise 4-5 ... Trading and Profit & Loss account & Balance Sheet with 14 Adjustments ... Trial Balance used to Prepare Financial ... Problem 5-3 (P5-3) (Balance Sheet Adjustment and Preparation) The adjusted trial balance of Side Kicks Company and other related information for the year 2007 are presented on the next page. AND SO ON Additional information: 1. The LIFO method of inventory value is used. 2.