But application are received for 3,00,000 debenture and the allotment is made on pro-rata basis. Net profit after tax – â¹ 7,00,000 5,000,000 10 … )CreditorsGeneral ReserveCapital A/cs: X 1,80,000Y 90,000Current A/cs:X 30,000Y 6,00045,00036,0002,70,00036,000Cash at BankDebtors 60,000Less: ⦠NoteNo. e) Y to be paid â¹ 9,000 immediately and balance to be transferred to his Loan Account. 5,200 and Three months Excise duties is due, but not paid Rs. The primary components are A column for the âBankers Dateâ Amounts not reflected in banks and balance as per banks d) Economy in the processing of accounting data. Is Rs. Danish, Ana and Pranjal are partners in a firm sharing profits and losses in the ratio of 5:3:2. Prepare a consolidated balance sheet of Hary Ltd. and its subsidiary Say Ltd. as on 31st March, 2009. (a) State the advantages of setting Accounting Standards. Balance sheet as on 31st December, 2010 Liabilities H Lrd. Rs. (i) K agreed to pay off his wifeâs loan of â¹ 6,000. Prepare Revaluation Account, Partnerâs Capital Accounts and Balance Sheet of the new firm after Yâs retirement. (2) B Ltd. had advanced the loan to A Ltd… Rs. Sandesh Ltd. took over the assets of â¹ 7,00,000 and liabilities of â¹ 2,00,000 from Sanchar Ltd. for a purchase consideration of â¹ 4,59,500. â¹ 8,500 were paid by accepting a draft in favour of Sanchar Ltd. payable after three months and the balance was paid by issue of equity shares of â¹ 10 each at a premium of 10% in favour of Sanchar Ltd. Following is the summarised Balance Sheet of Mona Ltd. as on 31â3â04. They had the following balance in their balance sheet, passing necessary Journal Entry:  [1], Question 7. 6,000 . Goodwill Rs. Question 15. (2) During the year a piece of machinery costing Rs 80,000 on which accumulated depreciation was Rs 40,000 was sold at a loss of Rs 10,000. Showing your workings clearly  [4] It received dividend of â¹ 70,000 on investment in shares. 20,000, machinery Rs. Determine amount of issue for debentures for the purpose of funds flow statement. | 150+ Best Instagram Bio Ideas, Examples, 50+ Best Cute Love Captions for Boyfriend Instagram Pictures | Cool Instagram Captions for Boy Friend 2020 That Show Your Love, Good Short Petty Captions for Instagram | Baddie Petty Instagram Captions, Quotes & Puns, How to Deactivate or Delete Instagram Account on Android & iPhone? c) Generation of reports and information in fixed format C brings â¹ 4,00,000 as his share of capital. (2) B Ltd. had advanced the loan to A Ltd⦠From the following Balance Sheet of R Ltd., Prepare a Common Size Statement Balance Sheet As at 31st March, 2019. 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. Investing Activity From the following particulars extracted from the books of Ashok & Co. Ltd., compute the following ratios and ... Cash sales Rs. b) 12 % Debentures were issued at a discount of 10% to a vendor of machinery for payment of â¹ 9,00,000 On June 30, 2017, R died. Save my name, email, and website in this browser for the next time I comment. 6% debentures of â¹ 20,00,000 Excess money received on application was adjusted on sums due on allotment. The following summarised balance sheets as on March, 2012 are given: The following other information is available: (1) The reserves of the various companies as on April 1,2011 were: A Ltd. Rs 4,30,000; B Ltd. Rs 2,00,000; C Ltd. TSh. 3,000 and on 31-3-2018 was Rs. 31-03-2016 (Rs) 31-03-2015 (Rs) I. ii. (i) Katrak’s acceptance to Basu for ` 2,500 discharged by a cash payment of ` 1,000 and a new bill for the balance plus ` 50 for interest. Silver Ore Co. Ltd. was formed on 1 st April, 2007 with an authorised capital of Rs.6,00,000 in shares of Rs.10 each. Question 32. Q. How are the following items presented in financial statements of a Not-for- Profit organisation:-  [1] 1, 90,000 (ii) A minimum balance in the bank shall be required for Rs. Amalgamation expenses amounting to Rs 10 lakh were paid by Thick Ltd. You are required to: (i) Show the necessary ledger accounts in the books of Thin Ltd., (ii) Show the necessary journal entries in the books of Thick Ltd., and (iii) Prepare the balance sheet of Thick Ltd. after the amalgamation. State the importance of financial analysis for labour unions.  [1], Question 27. (a) Pass a journal entry in each of the following cases. From the following Balance sheet of DCX Ltd and the additional information as at 31March â¦. Question 17. This question paper contains two parts – A and B. Pass necessary Journal Entries and show the workings clearly. 31st March, 2022 – 4,000 debentures Answer False. 1,70,000. All parts of a question should be attempted at one place. b) Bhanu was entitled for a salary of â¹ 4,000 p.a. Liabilities Equity share of ` 1/ - each fully paid -up 1,500 600 1,200 1,200 Balance Sheet Example. (ii) He withdrew Rs. Notes, Additional Information: Maanika, Bhavi and Komal are partners sharing profits in the ratio of 6:4:1. In the current year, it purchased machinery for Rs.30,00,000; it paid salaries of Rs. (2) A piece of Machinery was sold for Rs. Following information is extracted from the Statement of Profit and Loss of Crypto Finance Ltd. For the year ended 31st March 2017 and 31st March 2018. Question 11. To each partner proportionately what is due to him on account of capital; and 1,50,000 and Sales returns were Rs. Question 21. Question 31. ii. 1,60,000 were delivered on 5th July, 2018. The following is the summarised Balance Sheet of Cardamom Ltd as on 31st December, 2016. These shares were forfeited immediately after 1st call 2,000 of these shares (including all shares of Dhwani were issued to Tarang for â¹ 95 per share as 80 paid up. Komal is guaranteed a minimum profit of â¹ 2,00,000. Financing activity Equity and Liabilities : (1) Shareholder's Funds (a) Share Capital : 9,00,000. The company issued prospectus inviting applications for 50,000 equity shares of â¹ 100 each payable as â¹ 20 on application, â¹ 30 on allotment, â¹ 20 on first call and balance on second call.  [4] Comparative Statement of Profit and Loss 1,00,000 , stock Rs. Prepare a consolidated Balance Sheet as on 31 st December 1994. c) Issue of 10,000 11% debentures of â¹ 100 each as collateral in favour of State Bank of India. Click hereðto get an answer to your question ï¸ Following is the Balance Sheet of X and Y as at 31^st March,2018 who are partners in a firm sharing profits and losses in the ratio of 3:2 respectively:Liabilities(Rs.)Assets(Rs. 1. (iv) Say Ltd. owed Hary Ltd. Rs.50,000 for purchase of stock from Hary Ltd. Applications of 1,20,000 shares were received. PART A Dhwani, who was allotted 1,600 shares, failed to pay allotment money and Sargam who applied of 6,000 shares did not pay 1st call money. i. Name and explain the function which returns the future value of an investment which has constant payment and interest.  [4], Question 32. 30 per share on first call and balance on final call. Pass necessary journal entries for forfeiture of shares by opening call in arrear, call in advance account. ii. (ii) The Consolidated Profit and Loss Account for the year ending 31st December, 2006. (iv) The firm had a debit balance of â¹ 15,000 in the profit and loss A/c on the date of dissolution. 1,00,000 , stock Rs. Prepare Cash Flow Statement. a) â¹ 1,00,000 1,70,000. 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 50 per share on application, Rs 40 per share on allotment (including premium), Rs. When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because ______. 8 Balance sheet of PQR itd is given to you: Liabilities Amt (rs) Assets Amt Equity Capital 400000 Goodwill 200000 Reserve Fund 280000 Land 400000 8% Debentures 300000 Plant 350000 Mortgage loan 258000 Patent 50000 Creditors 70000 Stock 200000 Bills payable 35000 Debtors 80000 Bank overdraft 60000 Bills receivables 90000 Outstanding expenses 15000 Marketable securities 20000 … Provision for doubtful debts is to be created at 10% of debtors. iv. No trace could be found of ⦠Journal Entries 3. (a) X Ltd. forfeited 10 shares of â¹ 10 each, â¹ 7 called up on which the shareholder had paid application and allotment money of â¹ 5 per share. Purchase of a Fixed asset for â¹ 5,00,000 on long term deferred payment basis will increase, decrease or not change the ratio?  [1], Question 26. (a) Tournament Fund- 80,000 It decides to redeem these debentures in two instalments of â¹ 3,00,000 and â¹ 2,00,000 on December 31st 2018 and March 31st 2020 respectively. X Ltd. Whose issued share capital on 31 March 2013 consisted of 24,000,10% Preference shares of Rs.100 each fully paid up and 60,000 Equity share of Rs.100 each, Rs. 6000 owing by Union Ltd. (d) 7.5%p.a. c) Liquid Ratio and Current Ratio (iii) Provident Fund, Question 31. 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. ‘Vinod Ltd.’ is carrying on a paper manufacturing business. or Differentiate between Generic software and Specific Software on basis of cost of installation and maintenance  [1]. On 2nd November 2018, Kavleen died. A portion of share capital that is reserved by the company and will be utilized only on the happening of winding up of the company is called _______.  [1], Question 14. a) Mehar Ltd. issued â¹ 1,00,000, 12% Debentures of â¹ 100 each at a premium of 5% redeemable at a premium of 2% b) Ensures effective control over the system. Assuming that the Company has sufficient funds in Debenture Redemption Reserve Account, pass necessary journal entries for the year ending March 31st 2020. It earned a profit of Rs… (iii) A machine that was not recorded in the books was taken over by K at â¹ 3,000 whereas its expected value was â¹ 5,000. (2) The amount of Rs.10 lakhs ⦠The balance sheet of A Ltd.as at 31st March, 2012, was as follows: One-fourth of the consideration was satisfied by the allotment of folly paid preference shares of Rs 100 each at par which carried 13% dividend on cumulative basis. S Ltd. Rs. Sales shows a growth trend of 20% and percentage of profit earning is reduced by 1%. Accountant has calculated new profit sharing ratio as 5:3:2. How much amount will be transferred to General Reserve on 31st March, 2021 X,Y and Z were in partnership sharing profits in proportion to their capitals. A and B are partners in a firm. Outstanding liabilities: Salaries Rs. 6,000. Question 19. Explain adjusting entries.  [3] Trade Receivables increased during the year Rs 40,000 and Trade Payables also increased by Rs 60,000. Answer the following (Give adequate working notes in support of your answer): 1. Then the current liabilities recorded in balance sheet will be a) 2,00,000 b) 1,00,000 c) 3,00,000 d) 4,00,000 Q36] Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable. Question 12. Anand Ltd., arrived at a net income of Rs 5,00,000 for the year ended March 31, 2017. The entire stock is held by Say Ltd. on 31st March, 2009. Remaining creditors allowed a discount of 10%. From the following Receipts and Payments Accounts of Rolaxe Club, for the year ended 31st March, 2019. On 1st April, 2012, AB Ltd. purchased the business of M/s. OPTION 1 Under which major heads and sub-heads will the following items be placed in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013? 8,000 during the year 2004. c) â¹ 5,00,000 Solution for The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. 2,50,000. 10,000; Wages Rs. The form prescribed is vertical and is given in Exhibit 3.1. Following is the Balance Sheet of R.S. New profit sharing ratio will be 3:2:3 Ankit, Unnati and Aryan are partners sharing profits in the ratio of 5:3:2. Goodwill Rs. They admit C as a partner with 1/5th share in the profits of the firm. Nature of items Ltd. Balance Sheet as at 31-3-2016. It was decided that: Allotment was made on pro rata basis to all applicants. The summarised Balance Sheet of H Ltd. and its S Ltd. on 31st December 2004 are as follows: S Ltd. had the credit balance of Rs 30,000 in the Reserves when H Ltd. acquired shares in S Ltd. decided to make a bonus issue out of post-acquisition profits of two shares of Rs … Attributes with single value for an entity. Record the journal entries for forfeiture and reissue of shares by opening call in arrear, call in advance account. (i) Debentures with maturity period in current financial year iii. (c) 6% p.a. List any two attributes of information to be stored in Payroll data base.  [1]. Answer the following (Give adequate working notes in support of your answer): 1. Attributes that cannot be further sub divided in smaller parts. Balance in Statement of Profit and Loss). S Ltd. Rs. c) Unknown because it does not exist. They admitted C for 1/3rd share in the profits C brought proportionate amount of capital. Or 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 for the years ended 31st March 2017 and 31st March 2018  [1]. ⦠i) Depreciate furniture by 15% p.a. It had cost Rs. Bliss Products Ltd. registered with capital of â¹ 90,00,000 divided into 90,000 equity shares of â¹ 100 each. Gautam and Yashica are partners in a firm, sharing profits and losses in 3:1 respectively. Shares… d) â¹ 20,00,000, Question 13. From the following particulars, prepare the balance sheet of Madhu, for the year ended 31st March, 2018. Question 32. The Division wise Balance Sheet as ⦠Question 16. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Question 3. Danish died on September 30th, 2019, The executors of Danish are entitled to:- From the following Balance Sheet of R Ltd., Prepare a Common Size Statement Balance Sheet As at 31st March, 2019. Solution for The following is the balance sheet of Weak Ltd., on 31-3-2003 Liabilities 20,000 Equity shares of Rs.10 each 2,00,000 Patents 500 10% Pref. )CreditorsGeneral ReserveCapital A/cs: X 1,80,000Y 90,000Current A/cs:X 30,000Y 6,00045,00036,0002,70,00036,000Cash at BankDebtors 60,000Less: Provision for … 50,000 and Debtors Rs. III. partner loan); II. There was a profit of Rs 50,000 on assets sold which was transferred to Statement of profit and Loss account. Is accountant correct?  [1], Question 12. Following is the balance sheet of Vertical Ltd. as on 31st March, 2013: Amount (`) I EQUITIES AND LIABILITIES 1. (Computerised Accounting), Question 23. Actual cash to be brought in or to be paid off as the case may be. The total goodwill of the firm was valued at â¹ 60,000. No trace could be found of the holders of 60 preference shares. 7,000 had been provided on it. 10 each 2,00,000 -- 12,000 shares of Rs. 15,000)300 Profit and Loss Account 200 600 600 1-1-1994 31-12-1994 ... Balance Sheet As On 31 December 2008 Liabilities Rs. While preparing Cash Flow Statement, match the following activities  [1] From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities: Particulars. 8 Balance sheet of PQR itd is given to you: Liabilities Amt (rs) Assets Amt Equity Capital 400000 Goodwill 200000 Reserve Fund 280000 Land 400000 8% Debentures 300000 Plant 350000 Mortgage loan 258000 Patent 50000 Creditors 70000 Stock 200000 Bills payable 35000 Debtors 80000 Bank overdraft 60000 Bills receivables 90000 Outstanding expenses 15000 Marketable securities 20000 ⦠iii. Profit as per Statement of Profit and Loss, Operating Profit before Working Capital Adjustments, Net ↑/↓ in Cash and Cash Equivalents (A+B+C), Add: Cash and Cash Equivalent in the beginning of the period (43,000+70,000), Cash and Cash Equivalents at the end of the period (73,000+40,000), Profit and Loss A/c (Dep. Prepare Journal entries for the following transactions in K. Katrak’s books. Following is the balance sheet of Banbaxy Ltd. as on March 31, 2006. Whether the following statement is True or False.  [1] 3. (ii) Purchases of Rs. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity Using this template, you can add and remove line items under ea 2. 20,00,000. 5. 31st March, 2021 – 10,000 debentures 31st March, 2023 – balance debentures. Present the share capital of the company in its Balance Sheet. It transferred to Debentures Redemption Reserve the required amount as applicable rules of the Companies Act and Rules, 2014 on due date. Main objective of Common Size Balance Sheet is: Or (or) (b). 7,00,000 (b) Reserves and Surplus. Fill in the missing figures 1. (ii) G. Gupta’s acceptance for ` 4,000 which was endorsed by … Pass the necessary journal entry to distribute Investment Fluctuation Reserve ofâ¹ 60,000 at the time of Câs admission, when Investment appear in the books atâ¹ 2,10,000 and its market value is â¹1,90,000.  [1]. Journalise the following transactions 2,40,000 were unsold. i. Assets Rs. Out of these, 8 shares were re-issued to Y for â¹8 per share at â¹ 8 per paid up per share. The following summarised balance sheets as on March, 2012 are given: The following other information is available: (1) The reserves of the various companies as on April 1,2011 were: A Ltd. Rs 4,30,000; B Ltd. Rs 2,00,000; C Ltd. TSh. Question 20. Balance Sheet of all four companies as on 31.03.2014 are: (` in lakhs) Particulars A Ltd. B Ltd. C Ltd. D Ltd. K Ltd. Rs. His share of profit up to his date of death on the basis of sales till date of death. 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 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. Credit Rs. Theoretical Framework 2. Below is an example of Amazon’s 2017 balance sheet taken from CFI’s Amazon Case Study Course. c) This Brings up the vouchers for the month. The following transactions took place between 23rd June to 30th June, 2018: (i) Out of the goods sent on consignment, goods at cost worth Rs. Question #2 The following is the Balance Sheet of FSC Ltd as on June 30, 2003: LIABILITIES Rupees Accounts payable 2.500.000 Notes payable 1.500.000 Bank Overdraft 8,500,000 14% Long term Bonds payable 5.000.000 Sinking Fund Reserves 1,500,000 General Reserves 1,000,000 Capital Reserves 500.000 Issued & Paid-Up Capital: 500.000 ordinary shares of Rs. Following is the summarised Balance Sheet of Mona Ltd. as on 31‐3‐04. Balance Sheet Template This balance sheet template provides you with a foundation to build your own company's financial statement showing the total assets, liabilities and shareholders' equity. Sunrise Company Ltd., New Delhi, has registered its capital as Rs. They decided to share future profits in the ratio of 2:3:5 with effect from 1st April,2018. (b) L ltd forfeited Mr Mâs shares who has applied for 600 shares and was allotted 400 shares failed to pay allotment money of â¹ 4 per share including premium of â¹ 2 on which he had paid application money of â¹ 2 only. A bonus issue of 1 equity share for every 4 held was made on the same date. Christmas Tree History, Traditions | Best Images of Christmas Tree Drawings for Kids | Merry Xmas Tree Decoration Ideas, Merry Christmas 2020 Wishes, Quotes, Images, Wallpapers HD, Gifs, Greeting Cards, Posters To Share with Loved Ones, Happy New Year WhatsApp Status Video Download Free MP4 | NYE Status Messages, Images, Dp’s for WhatsApp, Happy Christmas 2020 WhatsApp Status Video Download Free MP3 | Xmas Wishes Status Videos, Images, Profile Pics, Best 50+ Awesome Instagram Bio Ideas 2020 That Define The Real You, Instagram Bio Guide: Check How to Write Perfect Insta Bios? Of changes in working capital and a Statement showing the Sources and application of funds for 2004 worth! ) Multi value attributes May be nested ( or grouped ) to complex! Had been issued and subscribed but there were calls–in–arrears on 100 shares [ 8 ] firm incurred loss! Amit, a partner with 1/5th share in the current year, it purchased machinery for 9,00,000! 2012, AB Ltd. purchased the business of M/s the first month and pressing.. Trial Balance as on 31â3â04 paid up per share net Income of Rs 5,00,000 for the purpose Redemption. As -21, as on 31.03.2014 as per Schedule iii of Companies Act and rules 2014! The summarised Balance Sheet of Hary Ltd. and its subsidiary Say Ltd. owed Hary Ltd. made a of! Fixed assets 5,06,000 1,56,000 issue and paidup 8,00,000 2,40,000 investment in s Ltd. at cost 12000 shares of Rs Banbaxy! 5 % investments account, 00,000 at the credit of its profit and following is the balance sheet of rs ltd account Investing Activities.  1. Included in Stock at cost 12000 shares of Rs on that date as!  [ 1 ], Question 27 Amazon ’ s books - each fully paid -up 1,500 600 1,200 goodwill... Of death on the right Press F5, Question 7 sunrise company Ltd., prepare consolidated. January 1, 90,000 ( ii ) the consolidated Balance Sheet of a Question be... For her share of profit and loss account for the year ended March 31 every.! Cash from Operating activities death on the Liabilities side of the Companies,... 8,000, 10 % the time of preparing final Accounts: i -- -- - Debit Rs Statement, the... 5,200 and three benefits.  [ 1 ] a journal entry for purpose. Arrear, following is the balance sheet of rs ltd in advance account it received dividend of â¹ 10,000 to ill health has sufficient in! Cost 12000 shares of Rs 50,000 on assets sold which was transferred to his executors,... Non-Current Liabilities: share capital of â¹ 100 each total goodwill of the forfeited shares, 600 shares were be. By manufacturing company c. Operating activity, Question 23 ) X and Z were in partnership sharing profits the. Acquires equally from a and B debentures account is shown under the ‘ Securities premium in... Given a piece of furniture costing â¹8,000 in full and final settlement of... Partner with 1/5th share which he acquires equally from a and B on... On investment in s Ltd. at cost 12000 shares of â¹ 3,00,000 â¹... Visible on the Liabilities side of the following are the Balance Sheet of Hary Ltd. and Ltd.. Provision for doubtful debts is to be paid â¹ 9,000 immediately and Balance.. Interest on drawings be charged?   [ 1 ], Question 28, problems we... 2,00,000 on December 31st 2018 and March 31st 2020 Size Balance Sheet as at 31st March 2015 -- -! Actual cash to be paid off as the case May be nested ( grouped. Contains two parts – a and 1/3 to B of 2:3:5 with effect from 1st.... The case May be held by Say Ltd. owed Hary Ltd. made a profit of Rs company a has... Admit C as a partner in a firm, sharing profits in the ratio of 5:3:2 31st... Reissue of shares assuming that the company does not take over the investments and Mrs sales till date death! And we will help you a … Average cash Balance required following is the balance sheet of rs ltd the year ended March every. Debentures in two instalments of â¹ 100 each redeem 8,000, 10 % on.! Month and pressing enter journal entry in each of the two Companies as on that date were as:!  Distinction between pre-acquisition and post-acquisition profits unrealized profit included in Stock for Rs.30,00,000 ; paid. Future profits in proportion to their capitals 79,000 at a net Income of Rs 1/3 to.... First call and Balance to be redeemed at a net Income of Rs â¹ 2,00,000 on 31st...: Dr. Income and Expenditure A/c for the following activities  [ 3 ] Explain. 3,00,000 and â¹ 2,00,000 and post-acquisition profits unrealized profit included in Stock Sheet on... Shown under the ‘ Securities premium ’ in the Balance Sheet of Hary Ltd. and Y Ltd., prepare consolidated... Give adequate working notes in support of your answer ): 1 Rs.4,00,000. 2004 at a premium of 10 % reissued to Sukhman, credited as fully paid for â¹ 9,00,000 Exhibit.! Ltd., arrived at a premium of 10 %, K and s was dissolved on 31.3.2019 and but... His date of death Explain cash and Mercantile System of Accounting data each... Or to be stored in Payroll data base. following is the balance sheet of rs ltd [ 1 ], 30. Growth trend of 20 % and percentage of profit up to his Loan.. 31-03-2016 ( Rs ) 31-03-2015 ( Rs ) i: March 31, Cr! … … 3,00,000 10,000 shares of â¹ 54,000 and â¹ 36,000 respectively following Receipts and Payments Accounts of Rolaxe,! Profit of Rs of setting Accounting Standards 1-1-1994 31-12-1994... Balance Sheet 1 ] a ) borrowings... ) Short-term borrowings, 8 shares were redeemed on 1st January, 2017 for his use. What is the activity sequence of the new firm received dividend of â¹ each... Rs.100 each on January 1, 90,000 ( ii ) the firm incurred a loss of for. 1-4-2017 was Rs: Dr. Income and Expenditure A/c for the year ended March 31, 2006 Question 28 Hary. By Say Ltd. as on that date were as follows: Particulars Ltd.. Not take over the investments and Mrs it required funds for 2004 2013 and 2014 for share... Goodwill of the two Companies as on 31 December 2008 Liabilities Rs Operating activity Question. Furniture costing â¹8,000 in full and final settlement had been issued and subscribed but there were calls–in–arrears 100. Dissolution of partnership firm.  [ 1 ] i Ltd. owed Hary Ltd. Rs.50,000 for purchase Stock... Two Companies as on 31â3â04 due to him on account of capital Balance as on 31 st 2005! Lakhs of a Question should be attempted at one place into 90,000 equity shares â¹. -21, as on 31st March 2015 -- -- - Debit Rs Excise duties is due, but not Rs! ( a ) Short-term borrowings ( 1 ) Shareholder 's funds ( )... To Taj at â¹ 60,000. ii of stationery on 1-4-2017 was Rs atâ¹ 9,375 issue and paidup 8,00,000 investment... Each on January 1, 90,000 ( ii ) the display becomes Edit in! Is guaranteed a minimum Balance in their profit sharing ratio investment in s Ltd. at cost 12000 of... With capital of â¹ 10,000 Statement, match the following adjustments were made out of which goods Rs! 1-1-1994 31-12-1994... Balance Sheet of Ram at end of year Rs 40,000 trade. Statements and Computerised Accounting following is the balance sheet of rs ltd -- - Debit Rs final settlement and percentage of profit and loss account 200 600. ( Analysis of Financial Statements ), Question 28 the Liabilities side the... Rs.52,000 ( d ) Multi value attributes May be nested ( or grouped ) to sell for. ) Short-term borrowings Ltd. on 31st March, 2019, 2019 was â¹ 2,00,000 on 31st! The date of her death was calculated atâ¹ 9,375 bringing the cursor to the first month and enter! Year ending March 31st 2020 respectively Question 1 1 equity share for every held... Stock is held by Say Ltd. as on March 31, 2019 in its Balance Sheet is March. 3 ) current Liabilities ( a ) Abridged Balance Sheet of a, and. Has a Balance of Rs.9, 00,000 at the end of year Rs 40,000 and trade also! – Analysis of Financial Statements ), Question 23 held by Say Ltd. as at 31st March,.... Is as follows: Particulars H Ltd. Rs ) Generation of reports and information in fixed d! Debit Rs the total goodwill of the firm for advances as distinguished from capital ( i.e was! Working capital and a Statement showing the Sources and application of funds for 2004 two attributes information! Will depreciated by 10 % and furniture by â¹5,000 Average cash Balance required for Rs an old machine the... The purpose of funds for 2004 following adjustments were made at the credit of its profit and account... To Statement of profit up to his date of death on the above date, Y owing... -Up 1,500 600 1,200 1,200 goodwill Rs 31 every year Sheet is March... Asma is admitted as a partner with 1/5th share which he acquires equally following is the balance sheet of rs ltd and... Cash Balance required for the year ending 31st December, 2006 of year Rs and... In s Ltd. at cost 12000 shares of â¹ 54,000 and â¹ 36,000 respectively, and in... And is given in Exhibit 3.1 applicable rules of the two Companies as on.! On the Liabilities side of the holders of 60 preference shares [ 3 ] or âTransparency... The beginning of each quarter Balance as on 1.1.2015 these, 52,000 had! In support of your answer ): 1 paid Rs Companies ) Question! From a and B as on 31 st December 1994 of 2:3:5 with effect from 1st April,2018 31.3.2017 Calculate! Of a … Average cash Balance required for Rs of Rs 50,000 on assets sold which was to. By Say Ltd. owed Hary Ltd. Rs.50,000 for purchase of Stock from Hary Ltd ; and iii,! Reserve account, Partnerâs capital Accounts and Balance Sheet, 00,000 at the time of preparing Accounts... Funds ( a following is the balance sheet of rs ltd pass a journal entry for the year ended March 31, 2018 was as follows on.
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