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Essay Details:
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Essay text:
Following is the balance sheet of Global Telesystems for the year ending on 31st Mar' 2000:
|As on |31-3-00 |
|Assets |
|Gross Block |3978.55 |
|Net Block |2790.57 |
|Capital WIP |66.72 |
|Investments |454.33 |
|Inventory |610.81 |
|Receivables |1546.81 |
|Other Current Assets |3673.67 |
|Balance Sheet Total |9142.92 |
|Liabilities |
|Equity Share Capital |434.12 |
|Reserves |5815.65 |
|Total Debt |2096.69 |
|Creditors and Acceptances |393.91 |
|Other current liab/prov. |402.55 |
|Balance Sheet Total |9142.92 |
Let us take a look at each of its components.
Assets
Gross block is the sum total of all assets of the company valued at their cost of acquisition...
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