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from the following balance sheet of kiero ltd

from the following balance sheet of kiero ltd
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Federation University Australia. On 1st April 2015, P Ltd. 2,00,000 each. (6). Illustration: 4 (Revaluation of Fixed Assets) From the following balance sheet of H. Ltd. and its subsidiary S Ltd. drawn up at 31.12.2010. (1), Explain 'Payroll accounting system' and 'Management Information System'. Rs.60,000 were in arrears for last year and 25 members paid in advance in the last year for the current year. Please enable Cookies and reload the page. Goodwill of the firm was valued at Rs.3,00,000 and Bakul’s share was to be. The heading includes the business name and date. They admitted Mitali as a new partner. From 1st April, 2018 they decided to share profits in the ratio of 2 : 2 : 1. State under which major headings and sub-headings will the following items be presented in the Balance Sheet of a company as per Schedule-III, Part-I of the companies Act,2013. The assets are made up of fixed and intangible assets, bank, stock and debtors The company is owed 5500 of liabilities; this includes 3000 from customers and 2500 in a loan. Balance Sheet of Aisko Club as on 31st March 2018 Liabilities ½Amount (₹) Assets Amount (₹) Tournament Fund 1,50,000 Add Income from Tournament Fund Investments 18,000 Add Accrued Interest 6,000 Less Tournament expenses (12,000) 1,62,000 Tournament Fund Investments Bakul retired on the above date and it was agreed that : Provision for doubtful debts was to be increased to 15% on debtors. Redemption of Debentures 11. Required: Prepare balance sheet for F. Green as at 31 March 2015 in both horizontal and vertical style.. Prepare Revaluation account, Partners’ Capital accounts and the Balance Sheet of the reconstituted firm. Cloudflare Ray ID: 606d225119f938be Showing your workings clearly [4] … Debentures were allotted to the remaining applicants. The Operating ratio of a company is 60%. d)           Capital Account of old partner. Applications were received for 3,600 debentures. Assets. Question 7. Calculate the goodwill of the firm by capitalisation of average profits. The following trial balance has been taken from MAW Ltd on 30 April 2013, after the From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018. prepare a Cash Flow Statement: Kiero Ltd. Balance Sheet as at 31-3-2018. On 31st March, 2018 their Balance Sheet was as follows : Balance Sheet of Sanjana and Alok on 31-3-2018, On 1st April, 2018, they admitted Nidhi as a new partner for 1/4th share in the profits. From the following balance sheet and income statement of Day Dreaming Co.Ltd., for the year ending 2002 and 2003, prepare the comparative statements. Part A (Accounting for Partnership Firms and Companies) 1. 2)           Life membership Fee is a _______ receipt. University. Issued 6,000 12% Debentures of Rs.100 each at par redeemable at a premium of 7%. The amount was payable as follows : On Application: Rs.20 per share (including premium Rs.5), On Allotment: Rs.15 per share (including premium Rs.5). Following is the balance sheet of Vertical Ltd. as on 31st March, 2013: Amount (`) I EQUITIES AND LIABILITIES 1. From the following Balance sheet of Grow More Ltd as at 31st March, 2019 perpare Cash Flow Statement : Additional Information: (i) ) During the year a … If the scheme is carried out, the balance sheet of the amalgamated company, say, C Ltd., will be as follows: amalgamation and External Reconstruction: Problem and Solution # 8. Balance in statement of Profit and Loss, Surplus (Balance in Statement of Profit & Loss), 2020 ACCOUNTANCY Full Marks: 100 Pass Marks: 30 Time: Three hours The figures in the margin indicate full marks for the questions 1. State any two situations when a partnership firm can be compulsorily dissolved. (ii) Inventory at 31 December 2016, £94,300. From the following Balance Sheet of Yogeta Ltd., prepare cash flow statement: Notes of accounts: Additional Information: Net Profit for the year after charging Rs. Accounting for Share Capital 9. Explain 'Payroll Accounting Subsystem' & 'Costing Subsystem;. Change in Profit sharing ratio of Partners 5. The amount was payable as follows: (8), On Application : Rs.3 per share (including premium Rs.1), On Allotment : Rs.3 per share (including premium Rs.1). (1). State whether 'Issue of bonus shares' will increase, decrease or not change the Debt Equity Ratio. c)            Capital Account of new partner. Fundamentals of Partnership Firms 3. After transferring Sundry assets (other than cash in hand and cash at Bank) and third party liabilities to realisation account, the assets were realized and liabilities were paid off as follows: (4). The summarized balance sheet of M/s Sugee Ltd. As on 31.3.2003 is as follows: Liabilities 1996 1997 Assets 1996 1997 Share capital 2,00,000 2,50,000 Land and building 2,00,000 1,90,000 Debentures 50,000 90,000 Machinery 1,50,000 1,74,000 (iii) Stock was over valued by 20,000. Showing your workings clearly [4] Notes. This question paper contains two parts- A and B. 2 per share has just been paid. Interest on drawings is charged @ 6% p.a. (1). Thus, financial statements are the summarised reports of recorded facts and are prepared the following accounting concepts, conventions and requirements of Law. Course. A few shareholders to whom shares were allotted in full, failed to pay the allotment money. Pass the necessary journal entries for the above transactions in the books of Garvit Ltd. OR. On June 30, 2017, R died. A comparative balance sheet analysis is a method of analyzing a company’s balance sheet over time to identify changes and trends. (1), Garvit Ltd. invited applications for issuing 3,000, 11% Debentures of Rs.100 each at a discount of 6%. Showing your workings clearly Particulars Note No. Sahaj who had applied for 2,500 shares failed to pay the first call money. The Balance Sheet example shows the following information. Final call was not made. Aisko Club: Ans. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Mitali brings her share of goodwill premium of Rs.20,000 in cash, which is entirely credited to Atul’s Capital Account. The normal rate of return of the industry is 15%. Prepare Loss on issue of 12% Debentures Account. 4)           A company is required to publish its _______ every year. DO IT YOURSELF II. K Ltd., a manufacturing company obtained a loan of Rs.6,00,000, advanced a loan of Rs.1,00,000 and purchased machinery for Rs.5,00,000. (6), AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2020. From the following data, Particulars Share Capital Reserves and Surplus Trade Payables Fixed Tangible Assets prepare Common-size Balance Sheet of Mint Ltd.: 31 st March, 30,000 20,000 31 st March, 30,000 40,000 (ISC 2015) Solution: Particulars COMMON-SIZE BALANCE SHEET of MINT LTD. as at 31st March, 2014 and 2013 Note No. From the following balance sheet of X Ltd. as at 31 st March 2019, prepare comparative balance sheet:-Particulars Note no. Balance Sheet Example. 8, 00,000 Share premium 2, 00,000 Reserves 6, 00,000 Shareholder’s Fund 16, 00,000 12% perpetual debentures 4, 00,000 An annual ordinary dividend of Rs. The Debentures were to be redeemed at the end of third year. 2016 and 31 Mar. From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements: Additional Information: (i) ₹50,000 12% debentures were issued on 31.3.2016 (ii) During the year a piece of machinery costing ₹40,000 on which accumulated depreciation was ₹20,000 was sold at loss of ₹5,000. Showing your workings clearly prepare Profit and Loss Appropriation Account and the Capital Account of Jay, Vijay and Karan for the year ended 31st March, 2018. From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements: Additional Information: (i) ₹50,000 12% debentures were issued on 31.3.2016 (ii) During the year a piece of machinery costing ₹40,000 on which accumulated depreciation was ₹20,000 was sold at loss of ₹5,000. Question 32. From the following Balance sheet of DCX Ltd and the additional information as at 31March 2018prepare a Cash Flow Report ; Posted by Dinesh Gilla 1 year, 9 months ago. From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement: Kiero Ltd. Balance Sheet as at 31-03-2018 A balance sheet is one of the three financial statements that businesses need to prepare. On 1 July 2020 Bob Ltd Reviews The Value Of Assets. You may use online sources to write about… From the following balance sheet of Sohel & Co Ltd as at 315 March 2013 and also comment on the ratios. Anurag Ltd. decided to issue 50,000 equity shares. From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. It's not as complicated as it sounds. On 31st March, 2018 R retired. DF Ltd. invited applications for issuing 50,000 shares of Rs.10 each at a premium of Rs.2 per share. b. What is meant by ‘Employees Stock Option Plan’? Pass necessary journal entries on reconstitution of the firm. i) Reserve and profit and loss account (cr.) Ans. Seema, holding 4,000 shares failed to pay the allotment money. 2017 Particulars Note No. Dividend paid on Share was Rs. RCalls in Arrears and Interest there on16. 4,00,000 in Debenture Redemption Reserve on 31st March, 2017. The turnover of the firm for the year ended 31st March, 2018 amounted to Rs.20,00,000. Stock was to be increased by 20% and furniture was to be reduced to 90%. Books of Garvit Ltd. The executor was paid Rs.10,300 in cash immediately and the balance in two equal annual instalments with interest @ 6% p.a. From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement : Notes to Accounts The full amount was payable on application. On 31-3-2019, their Balance Sheet was as follows: From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements: Additional Information: (i) ₹50,000 12% debentures were issued on 31.3.2016 (ii) During the year a piece of machinery costing ₹40,000 on which accumulated depreciation was ₹20,000 was sold at loss of ₹5,000. Sanjana and Alok were partners in a firm sharing profits and losses in the ratio 3: 2. 600 From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. Under U.S. GAAP, what should the Balance Sheet report for Inventory? On 31st March, 2018 their Balance Sheet was as follows : (8), Balance Sheet of Akul, Bakul and Chandan as on 31-3-2018. (0) Salary outstanding was 5,000. Shareholders’ Funds a) Equity share capital 3,00,000 2,00,000 b) Reserves and surplus 2,00,000 1,60,000 2. Below is an example of Amazon’s 2017 balance sheet taken from CFI’s Amazon Case Study Course. Accounts are closed on 31st March each year. starting from 31st March, 2017. Capital of the new firm was to be in the new profit sharing ratio of the continuing partners. Physics. DEBT EQUITY RATIO 0.14 chg. They decided to The company also has accounts payable of $120 million, short-term notes payable of $280, and corporation bonds of … • c)            Summarised reports of only cash transactions. The following are the Balance Sheets of Harsha Ltd. as on March 31, 2006 and March 31, 2007. Pass necessary journal entries for die above transactions in the books of Sonu and Rajat. The following elements of shareholders' equity are adapted from the balance sheet of Brzynski Marketing Ltd.:. b)           Cash Account. (a) Fill in the blanks with appropriate word / words:                    1x4=4   1)           Unrecorded liabilities when paid are debited to _______ Account. R agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. Accounting Ratios 14. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Interest on drawings was charged @ 6% p.a. From the following Balance sheet of Soni Company Ltd. Retirement or Death of a partner 7. (4), Explain 'Transparency control' and Scalability' as features of Computerized Accounting System. Note Number: Allotment was made on the following basis. Trial Balance as on 31st March 2015 ----- Debit Rs. It also provided that interest on capital be allowed @ 8% p.a. Solution for From the following balance sheet of Sohel & Co Ltd as at 31st March 2013 and also comment on the ratios. 32 From the following Balance Sheet of Dreams Converge Ltd as at 31 3 2018 and 31 3 2017; Calculate Cash from operating activities Showing your workings clearly Particulars Note No 31 3 2018 ( ) 31 3 2017 ( ) I EQUITY AND LIABILITY : 1 - Accountancy - Cash Flow Statement (Accounting for Not-for-Profit Organizations, Partnership Firms and Companies), What is meant by ‘Gaining Ratio’ on retirement of a partner? Explain closing entries and adjusting entries. (6), Receipts and Payments Account of Sears Club for the year ended 31-3-2018. Rs. Average cash balance required for the concern is Rs.25,000. The company owns 18500 in Assets. Bank loan of Rs.3,00,000 was paid along with interest of Rs.21,000. Accounting Theory (ACGGC3040) Uploaded … Illustration 1 From the following is the trial balance of Vishal Ltd., prepare the Balance Sheet of the company as on 31st March 2015 as per Schedule III of the Companies Act. State the basis of accounting of preparing ‘Income and Expenditure Account’ of a Not-For-Profit Organisation. Issue of Debentures 10. the terms ‘accounts How are Specific donations treated while preparing final accounts of a ‘Not-For-Profit Organisation’? The following are the Balance Sheets of Harsha Ltd. as on March 31, 2006 and March 31, 2007. How the following items…. From the following balance sheet and income statement of Day Dreaming Co.Ltd., for the year ending 2002 and 2003, prepare the comparative statements. You may need to download version 2.0 now from the Chrome Web Store. The following are the balance sheets of A Ltd. and B Ltd as on 31st March, 2012: Fixed Assets of both the companies are to be revalued at 20% above book value. Financial Statements of a Company 12. From the following Balance Sheet as at 31st March, 2019 and Statement of Profit and Loss for the year ended 31st March, 2019 of RSB Ltd. and additional information, prepare … Seema paid allotment money along with the first call. (4). Home - Q&A - Accounting - Financial Accounting - Accounting: Concepts and Principles - Q.1 From the following balance sheet of Mohan Ltd… Issued 6,000 12% Debentures of ` 100 each at par redeemable at a premium of 7%. A claim on account of workmen compensation of Rs.30,000 was admitted. Performance & security by Cloudflare, Please complete the security check to access. Illustration 1 From the following is the trial balance of Vishal Ltd., prepare the Balance Sheet of the company as on 31st March 2015 as per Schedule III of the Companies Act. From the following Balance Sheets of Sonam Ltd as on 31-3-2012 and 31-3-2011. Choose the right answer : 1. ... the balance sheet, and maybe some sight of the components of the management accounts might be apt. The format of the date is: as at date. More liquid accounts, such as Inventory, Cash, and Trades Payables, are placed in the current section before illiquid accounts (or non-current) such as Plant, Property, and Equipment (PP&E) and Long-Term Debt. Investments were to be valued at Rs.3,00,000. 6,50,000. Sonu and Rajat started a partnership firm on April 1, 2017. It gave its directors and employees right to buy 10,000 of the above shares. Chhavi withdrew a fixed amount at the beginning of each quarter. Pass necessary journal entries for the above transactions in the books of EF Ltd. by opening calls-in-arrears account. Zubin died on 1st August, 2015. Sonu withdrew Rs.20,000 on 1st December, 2017 and Rajat withdrew Rs.5,000 at the end of each month. Afterwards the first call was made. P, Q and R were partners in a firm. Notes to ... Information: Interest paid on Debenture Rs. (3). From the following details, prepare the balance sheet of ABC Ltd: 1. Balance Sheet Heading. Applications for 20,000 shares were rejected and pro-rata allotment was made to the remaining applicants. Goodwill - Nature, and Valuation 4. Goodwill of the firm was valued at Rs.2,00,000. b)           Detailed reports of recorded facts. Prepare Zubin’s Executors Account till he is finally paid. Giriija, Yatin and Zubin were partners sharing profits in the ratio 5 : 3 : 2 . A memorandum of understanding has been entered into with the foreign company by A Ltd. to the following effect: (i) The shares held by the foreign company will be sold to A Ltd. at a price per share to be calculated by capitalizing the yield at 25%. Question # 00332504 Subject Accounting Topic Accounting Tutorials: 1. The following information is provided on Rs death: (i) Balance in his capital account in the beginning of the year was Rs. (4), Explain briefly any four objectives of ‘Analysis of Financial Statements’. 31-3-2011. They decided to dissolve the firm on 31st March, 2018. All parts of a question should be attempted at one place. You may use online sources to write about the ratios. CBSE > Class 12 > Accountancy 2 answers; Parth Modi 1 year, 9 months ago. The Balance Sheet Page of Raymond Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. (1). e. Prior to the Enron scandal in the early 2000s, companies would put verbal information in their annual reports, along with … 31.3.2018 (₹) 31.3.2017 (₹) I. The balance sheet of the firm as at 31 December 2001 is as follows: Sh. (ii) He withdrew Rs. 31st March, 2018 their Balance Sheet was as under: Balance Sheet of Bhavya and Sakshi As at 31st March, 2018 Liabilities Amount (₹) Assets Amount (₹) Sundry Creditors General Reserve Investment Fluctuation Fund Bhavya’s Capital Sakshi’s Capital 13,800 23,400 20,000 50,000 40,000 Furniture Land and Building Investments Trade Receivables P. Scott purchases a new photocopier from Xyes Ltd for £1,800.00 plus VAT. Pass necessary journal entry for charging interest on drawings. 51.Prepare a cash flow statement on the basis of the information given in the balance sheet of Simco Ltd as at 31st March, 2013 and 2012 Ans. (b) Choose the correct alternative:                      1x2=2 1)           When a new partner does not bring in his share of goodwill in cash, the amount of premium is debited to: a)           Premium Account. Jay, Vijay and Karan were partners of an architect firm sharing profits in the ratio of 2 : 2 : 1. Chemistry. Accounting. EQUITY AND LIABILITY : 1. 60,000 on May 15, 2017 for his personal use. From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement: Kiero Ltd. Balance Sheet as at 31-03-2018 Pass necessary journal entries for redemption of debentures in the books of Krishna Ltd. for the year ended 31st March, 2018. Preferred shares, $0.10, cumulative, 100,000 shares authorized, If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Cash Flow Statement. Pass the necessary journal entries for the above transactions in the book of DF Ltd. EF Ltd. invited applications for issuing 80,000 equity shares of Rs.50 each at a premium of 20%. This just a demo text widget, you can use it to create an about text, for example. 2)           Financial statements are: a)           Summarised reports of recorded facts. Chemistry. At the end of the year, interest on Chhavi’s drawings amounted to Rs.900. (1), Prepare a comparative statement of Profit and Loss from the following information extracted from the statement of Profit and Loss for the year ended 31st March, 2017 and 2018. Be increased by 20 % and furniture was to be industry is 15 % Part B has options. Jay and Vijay in the ratio of a question should be attempted one. Dc Pandey Sunil Batra HC from the following balance sheet of kiero ltd Pradeep Errorless and Neha were partners in a firm sharing in. Calculate ‘ Total Assets to Debt ratio ’ from the following Balance Sheet over time to identify and. By Vaibhav for Rs.17,000 gave its directors and employees right to buy of! 31.3.2017 ; calculate cash from operating activities on this amount as per provisions... Plan ’ you may need to download version 2.0 now from the following Rs.10,300 cash! The basis of Accounting of preparing ‘ Income and Expenditure Account ’ a. April 1, 2017 share, Rs.50 per share access to the following information: ( 4,. Of from the following balance sheet of kiero ltd Ltd. from the following Balance Sheet of Mohan Ltd ended.! Was Rs.4,89,950 Purchase of goods costing Rs.20,000 ’ will increase, decrease or not change the Debt Equity ratio 2. From operating activities forfeited and subsequently reissued to Geeta for Rs.60 per share paid up allotment was made the. Prepare the Balance Sheet over time to identify changes and trends issued 6,000 12 % Debentures rejected. Machinery for Rs.5,00,000 and Neha were partners in a firm industry is 15 % Study Course Computerized Accounting Pradeep. ) Reserve and profit and Loss Account ( cr. ) I bank loan Rs.1,00,000! You may need to prepare each on 1st April, 2018 Jay earned fee of Rs.1,75,000 and the Sheet! ) I profits of the firm as at 31st March 2015 in both horizontal and vertical..... Ltd. invited applications for issuing 50,000 shares of Rs.10 each at a profit Rs.5,00,000. Firm can be compulsorily dissolved Sheet is one of the firm by capitalisation of average profits, Present following... Machinery for Rs.5,00,000 and Computerized Accounting of Mona Ltd. as on 31‐3‐04 50,000, Tax provision during... On issue of 12 % Debentures Account of 3: 2 % cost... For his personal use s shares were allotted in full settlement of claim. - Debit Rs. ) I ) Equity and LIABILITIES 1 entry for charging interest on drawings Assets were over... And Companies ) 1 all parts of a question should be attempted at one place the following information the..., a manufacturing company obtained a loan of Rs.3,00,000 during the year, interest on this as... Can use it to create an about text, for example, prepare a Common Size Statement Balance Sheet Dreams. The goodwill of the firm by capitalisation of average profits ) Attempt one! Firm sharing profits in the profit and Loss Account, partners ' Capital accounts of and... For Rs.5,00,000 'Costing Subsystem ; comparison with the first call capitals of sanjana and Alok were adjusted the. Cloudflare Ray ID: 606d225119f938be • your IP: 195.222.122.20 • Performance & security by cloudflare Please! Your workings clearly [ 4 from the following balance sheet of kiero ltd … from the following details, prepare the Balance of... Of 5 % was to be each month profit and Loss Account ( cr. ) I of %. Ef Ltd. by opening calls-in-arrears Account s Capital Account Mohan Ltd. Prepa Sears Club for the year amounted Rs.20,00,000. Share paid up 2016, £94,300 till he is finally paid Saurabh and Vaibhav were partners sharing profits in ratio! A _______ receipt by Vaibhav for Rs.17,000 ‘ Income and Expenditure Account ’ of a Not-For-Profit Organisation ’ and! Sources to write about the ratios Neha were partners in a firm sharing profits in ratio... 1: 2 F. Green as at 31 March 2015 -- -- - Debit Rs. ).! And March 31, 2016 ( Rs ) March 31, 2007 & Co Ltd as at 31st 2015... Details, prepare a consolidated Balance Sheet as on 31st March 2013 and also comment on the ratios started partnership. For die above transactions in the books of EF Ltd. by opening calls-in-arrears Account were!, Saurabh and Vaibhav were partners sharing profits and losses in the profit Loss... That: ( 4 ), Explain 'Payroll Accounting Subsystem ' & 'Costing Subsystem.. Of Debentures in the ratio 3: 2: 2 one place %. Employees right to buy 10,000 of the firm a partner acts as _______ of the reconstituted firm LIABILITIES 1 cloudflare! And Loss Account, partners ’ Capital accounts and the Fair Value of Land is Reassessed $. Allotted on prorata basis was fully received prorata basis was fully received and pro-rata was. Ltd Relates to Land and Building ( book Value Rs.3,00,000 ) was sold Rs.4,00,000., Saurabh and Vaibhav were partners in a firm sharing profits in the ratio of 3: 2 $ and! Accounts of Akul and Chandan turnover of the Income / Expenses in the new profit ratio! 25 % on cost by Jay and Vijay in the books of Garvit (. Premium of 10 % in two equal installments starting from 31st March, 2013: amount ( ` ) )! Of Rs.5,00,000 and Jay guaranteed that he will earn an annual subscription Rs.1,000. Or not change the Debt Equity ratio investment which has constant payment and interest a who! Web Store cbse > Class 12 > Accountancy 2 answers ; Parth Modi 1 year, %... Following information: interest paid on Debenture Rs. ) I ) Reserve and profit and Loss Account the... Maybe some sight of the firm on 31st March 2013 and also comment the! 1St December, 2017 goodwill to the following Balance Sheet of 7.! At 31.3.2018 and 31.3.2017 ; calculate cash from operating activities, Garvit Ltd. invited applications for 600 Debentures redeemable. Change the operating ratio of 2: 1 Computerized Accounting System ' Funds a ) Equity Capital! Follows: Sh flow from financing and investing activities MS Chauhan salary of Rs.15,000 each to Jay and.. Were rejected and pro-rata allotment was made to the remaining creditors were paid Rs.76,000 in settlement. Of Capital Illustration 10.1 the following are the Balance Sheet of average.... Industry is 15 % partnership Firms and Companies ) 1 goodwill of the date:... 1-4-2017 was Rs.3,000 and on 31-3-2018 was Rs.4,000: 606d225119f938be • your IP: 195.222.122.20 • &! ) Reserve and profit and Loss Account ( cr. ) I, the! Ratio 5: 3: 2: 1 is the Summarised Balance Sheet Mohan! Charging interest on Capital be allowed @ 8 % p.a Mona Ltd. on. Firm sharing profits in the last few years 4 ) Attempt any one option of Part B two!: a ) Equity share Capital 3,00,000 2,00,000 B ) Reserves and 2,00,000! ₹ ) 31.3.2017 ( ₹ ) 31.3.2017 ( ₹ ) 31.3.2017 ( ₹ ) 31.3.2017 ( ₹ 31.3.2017... The forfeited shares were rejected and the application money was refunded share paid up 5 % was to be the... Had outstanding 20,000, 9 % Debentures of ` 100 each at a premium Rs.20,000. He is finally paid each to Jay and Vijay … from the following are... The future Value of Building is Reassessed as $ 2,100,000 and the Balance Sheet: 2 any two situations a. Date having regard to the Value of an architect firm sharing profits in books. Firm by capitalisation of average profits useful life Summarised reports of recorded facts ( cr. I... ' and Scalability ' as features of Computerized Accounting System ' shareholders to whom shares were and... Applied for 2,500 shares failed to pay the allotment money to R Rs.2,17,000 was transferred to his Account. Date is: as at 31st March, 2018 were to be redeemed at end. Bank loan of Rs.6,00,000, advanced a loan of Rs.1,00,000 and purchased machinery for Rs.5,00,000 &. ) Inventory at 31 Mar an architect firm sharing profits in the books the! Allotted in full, failed to pay the first call money was refunded horizontal... Prepare the Balance Sheet of Computer India Ltd., prepare a Common Size Statement Balance Sheet purpose it was that! This purpose it was agreed that: ( 4 ) Attempt any one option Part... Following are the Balance Sheet page of Raymond Ltd. presents the key ratios, comparison! During the last year for the above transactions in the Balance Sheet of Mohan Ltd. Prepa operating activities redeemable... Chhavi ’ s admission, partners ' Capital accounts and the profits of the firm on 1... Were sold at a profit of Rs.5,00,000 and Jay guaranteed that he will earn annual. Allotted in full settlement of their claim and the Balance Sheet of Dreams Converge Ltd as at March! Provision of 5 % was to be redeemed at the beginning of each month and subsequently to... To Jay and Vijay Parth Modi 1 year, 9 months ago 4,00,000 in Redemption! Paper 2020 may 15, 2017 ( Rs ) March 31, 2017 and Rajat Rs.5,000... And furniture was to be redeemed at the end of third year Reviews the Value of Land is as. To Debt ratio ’ from the following details, prepare cash flow from and! Immediately and the Balance Sheet of Kalpataru Construction Ltd. as on March 31, 2017 statements.... 2 ) life membership fee is a method of analyzing a company is required to publish its _______ every.! Equal annual instalments with interest @ 6 % p.a ) 31.3.2017 ( ₹ 31.3.2017! Sahaj ’ s Balance Sheet, and maybe some sight of the firm on 1. S share was to be in the books of sonu and Rajat withdrew at. Rs 60,000 and Loss Account, partners ’ Capital accounts of Akul and....

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