Question Papers 1786. Question By default show hide Solutions. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of X Ltd. At 10% premium. Advertisement Remove all ads. Close the books of X Ltd. And Y Ltd. And show the opening entries and balance sheet of XY ltd. On the assumption that the amalgamation is in the nature of merger. Rs. Balance Sheet as at 31st March, 2019 In terms of our report attached For Deloitte Haskins & Sells Chartered Accountants P. R. RAMESH Partner Gurugram, 13th May, 2019 The accompanying notes 1 to 30 are an integral part of the Financial Statements. 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. Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019: - Accountancy . Excess of claim over the reserve will be: Question Papers 1786. Recording of a business transactions in a chronological order. Question Bank Solutions 15386. Close the books of X Ltd. And Y Ltd. And show the opening entries and balance sheet of XY ltd. On the assumption that the amalgamation is in the nature of merger. $484,795 EQUITY AND LIABILITIES : 1. Question Bank Solutions 15386.  Sales = $ 484,795 Following is the Balance Sheets of Solar Power Ltd as at 31.3.2014 : Solar Power Ltd. Balance Sheet: … Note No. a.shareholders' equity is increased. Question Papers 1786. Liabilities Amount (RO) Assets Amount (RO) Equity shares capital 100,000 Cash in hands 3,000 %Preference share capital 100,000 Cash at bank 9,000 7%Debentures 40,000 Bills Receivable 30,000 8%. Sales You may use online sources to write about the ratios. Question Bank Solutions 15386. At the end of every month the cash b... A: The cash budget shows the estimated cash receipts and payments during a given period. Issue of 4,80,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. Y Ltd. Issue of 3,50,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. Following is the Balance sheet of R.S ltd as at 31st March, 2019. From the Following Balance Sheet of Samta Ltd., as at 31st March, … EQUITY AND LIABILITY : 1. From the following Balance Sheet of Mishi Ltd. as at 31st March, 2019, prepare Cash Flow Statement: Particulars. 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. Annual balance sheet by MarketWatch. If you want any s... *Response times vary by subject and question complexity. From the following data relating to the liabilities side of balance sheet of X Ltd., for the period March 31, 2012 to 2015, asked Nov 8, 2019 in Accounts … General Motors Co. Tybee Industries Inc. uses a job order ... A: Introduction: Syllabus . The following is the balance sheet of ABC Ltd. on 31 December 2010: Liabilities Assets Capital: Land & Buildings 4,80,000 80,000 Share of 8,00,000 Plant & 6,00,000 710 Each Machinery Debentures 4,00,000 Work-In-Progress 1,20,000 Sundry Creditors 1,20,000 Stock … Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of Y Ltd. At 10% premium. You may need to download version 2.0 now from the Chrome Web Store. Find an answer to your question following is the balance sheet of GEC ltd as at 31st march 2019 prepare cash flow statement Textbook Solutions 11268. First step in ... Q: Vertical Analysis of Balance Sheet Vertical Analysis of Balance Sheet Balance sheet data for Alvar... A: Balance sheet: This statement shows the assets and liabilities held by a company on a particular dat... Q: Company wants to prepare a cash budget for May, June, and July. The claim on account of workmen's compensation was determined at ₹ 40,000. Rs. The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005. Balance Sheet Template Download the free Excel template now to advance your finance knowledge! Form the following Balance Sheet of Star Ltd as at 31st, March 2019, prepare Cash Flow Statement: Additional Information : (i). View all GM assets, cash, debt, liabilities, shareholder equity and investments. Time Tables 18. The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. The Balance Sheet Page of Arvind Fashions Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. The statutory reserves are to be maintained for two more years. Profit is part of capital or net worth. From the Following Balance Sheet of Mishi Ltd. as at 31st March, 2019, Prepare Cash Flow Statement: - Accountancy. The following is the balance sheet of Korver Supply Company at December 31, 2012. (Delhi 2012; Modified) Ans. Solution for The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. Following is the balance sheet of Vertical Ltd. as on 31st March, 2013: Amount (`) I EQUITIES AND LIABILITIES 1. Shareholders’ funds (a) Share Capital Authorised, Issued subscribed and paid up capital 8% Preference shares of ` 100 each 7,50,000 Equity shares of ` 10 each, fully called up and paid up 10,00,000 17,50,000 (b) Reserve and surplus General reserve 14,00,000 2. Showing your workings clearly Particulars Note No. The debentures of X Ltd., and Y Ltd.,  Will be converted into equivalent number of debentures of XY Ltd. Show how Management Accounting benefit... A: Since you have asked multiple questions, we will solve the first question for you. From the Following Balance Sheet of Akash Ltd. as at 31st March 2014: CBSE CBSE (Commerce) Class 12. - Accountancy . Textbook Solutions 11268. Q: Philadelphia Company has the following information for March: Syllabus. 31st March, 2019 (₹) 31st March, 2018 (₹) I. From the Following Balance Sheet of Samta Ltd., as at 31st March, 2019, Prepare Cash Flow Statement: CBSE CBSE (Commerce) Class 12. Concept Notes & Videos & Videos 439. Relevant costs are considered usefu... Q: Entries and Schedules for Unfinished Jobs and Completed Jobs Variable cost of g... A: Given: According to this principle, there should be complete transparency and hon... Q: (Show the Cashflow Diagram if needed)  A machine part to be fabricated may be made from alloy of eit... A: Relevant costs are those which differ in different alternatives. 31.3.2018 (₹) 31.3.2017 (₹) I. Leasehold property 16,00,000 Bank balance 1,05,000 Share Capital 20,65,000 Plant & Machinery 9,00,000 Staff Provident fund 8,00,000 Goodwill 3,00,000 Capita redemption reserve … 55.From the following balance sheet of BCR Ltd as at 31st March, 2010 and 2011. Advertisement Remove all ads. Syllabus. Important Solutions 3417. They allow investors to calculate days of Working It is possible to use "tricks" to move money around from one statement to the other to make either the income statement or the balance sheet appear healthier. Get the annual and quarterly balance sheet of Great Elm Capital Group, Inc. (GEC) including details of assets, liabilities and shareholders' equity. Illustration 4 Prepare Balance sheet of Darshan Ltd., in the prescribed pro forma as on 31st March 2015 from the following Trial balance Trial Balance as on 31st March 2015 Particulars Rs. 54.From the following balance sheet of JN Ltd as on 31st March, 2010 and 2011, prepare a cash flow statement. Important Solutions 3417. 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. Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*. Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019: CBSE CBSE (Commerce) Class 12. Advertisement Remove all ads. Fixed Manufacturing Cost = $ 76,27... Q: 16. Shankar, a shareholder holding 5,000 shares did not pay the first call on the due date. The Balance Sheet Page of Raymond Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. You may use online sources to write about… From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. XY Ltd., is formed to take over X Ltd. and Y Ltd., for the following consideration. Rs. Important Solutions 3417. Question Papers 1786. Numerical. Additional Information : ? The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity Using this template, you can add and remove line items under ea . 5,000,000 10 each 50.000 … 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. Reserve and Surplus 3,50,000 2,00,000 Rs. Syllabus. Performance & security by Cloudflare, Please complete the security check to access. Additional Information During the year a building having book value Rs 1,25,000 was sold at a loss of Rs 8,000 and depreciation charged on building was Rs 20,000. • Metacaf Ltd. issued 50,000 shares of ₹100 each payable ₹20 on application (on 1st May 2012); ₹30 on allotment (on 1st January 2013); ₹20 on first call (on 1st July 2013) and the balance on final call (on 1st February 2014). Time Tables 18. Time Tables 18. Following Was the Balance Sheet of M.M Ltd at on 31.3.2015. Assets Rs. Textbook Solutions 11268. Concept Notes & Videos 439. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of X Ltd. At 10% premium. From the following Balance Sheets of Tiger Super Steel Ltd., prepare Cash Flow Statement: Balance Sheet of Tiger Super Steel Ltd. as at 31st March 2014 and 31st March 2017 Share Capital b. Median response time is 34 minutes and may be longer for new subjects. Shareholder’s Fund: 7,00,000 5,00,000 a. Important Solutions 3417. Your IP: 51.91.109.137 The debentures of X Ltd., and Y Ltd.,  Will be converted into equivalent number of debentures of XY Ltd. The statutory reserves are to be maintained for two more years. Q: Explain the distinguishing features of managerial accounting. Please enable Cookies and reload the page. Concept Notes & Videos 439. Following Was the Balance Sheet of M.M Ltd at on 31.3.2015. The following items were extracted from the Balance Sheet of Xansa Ltd. as on 1st April, 2009: Rs. 13½% Preference Share capital 4,00,000 Equity Share Capital fully paid up 5,00,000 Equity Share Capital 60% partly paid up 3,00,000 Securities Premium 7,00,000 15% Debentures 10,00,000 Profit before interest on debentures and before payment of tax @ 30% is Rs. From the Following Balance Sheet of Akash Ltd. as at 31st March 2014: - Accountancy . Sloution of answer s 76 Analysis of Financial Statements—CBSE XII Q 20 Following is the Balance Sheet of Sreshtha Ltd as on 31st March, 2014: Note No 31st March, 31st Mart,: Particulars i EQUITY ANDLIABILITIES 1 Shareholders' Funds (a) Share Capital (b) Reserves - Accountancy - Prepare Cash Flow Statement. Stock on 31st March, 2016 was valued at ₹ 46,000. From the following balance sheet of Sohel & Co Ltd as at 315 March 2013 and also comment on the ratios. b.the stated value of ea... A: Stock splits means splitting the stock of the company in desired ratio, so the stock split increases... Q: Marion was a CFP® professional who was a general partner of a hedge fund. Shares… Assets Rs. Naina was admitted with 1 6 th share in the profits of the firm. At the time of admission, Workmen's Compensation Reserve appeared in the Balance Sheet of the firm at ₹ 32,000. Principle of Fairness: Taking into account the following adjustments, prepare Trading and Profit & Loss Account and the Balance Sheet as at 31st March, 2016:- 1. CBSE CBSE (Commerce) Class 12. Journal: • Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of Y Ltd. At 10% premium. Cloudflare Ray ID: 606d55dd2a1e2325 Question By default show hide Solutions. Question By default show hide … Share capital Equity… Find answers to questions asked by student like you. Q: If sales commissions are increased, which cash budgets are affected? Particulars Rs. Mona and Tina were partners in a firm sharing profits in the ratio of 3 : 2. Textbook Solutions 11268. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. 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. Solution for From the following balance sheet of Sohel & Co Ltd as at 31st March 2013 and also comment on the ratios. Advertisement Remove all ads. Following is the Balance Sheets of Solar Power Ltd as at 31.3.2014 : During the Year a Piece of Machinery, Costing Rs 48,000 on Which Accumulated Depreciation Was Rs 32,000, Was Sold at Rs 12,000. - Accountancy . Variable Manufacturing Cost = $ 205,574 As a result of a stock split, 1,00,000, 12% Debenture were issued on 31st March, 2019. Time Tables 18. Issue of 3,50,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. Another way to prevent getting this page in the future is to use Privacy Pass. Concept Notes & Videos 439. She placed most of her cli... A: 1. Question Bank Solutions 15386. Share capital Equity shares of Rs.10 14 % preference shares of Rs.100 General reserve Export profit Reserve (required under Income Tax Act) Investment Allowance Reserve (statutory) P & L A/c 13% debentures of Rs.100 Trade creditors Other current liabilities   50,00,000 22,00,000 5,00,000 3,00,000   --     7,50,000 5,00,000 4,00,000 2,00,000   30,00,000 17,00,000 -- 2,50,000   2,00,000     1,00,000 5,00,000 3,50,000 1,50,000 Land & building Plant& machinery Furniture & fittings Investments Stock Sundry debtors Cash and Bank   25,00,000 32,50,000 5,75,000 7,00,000 12,50,000 9,00,000 7,25,000 15,50,000 17,00,000 3,50,000 5,00,000 9,50,000 10,30,000 5,20,000   99,00,000 66,00,000   99,00,000 66,00,000 XY Ltd., is formed to take over X Ltd. and Y Ltd., for the following consideration. First Name * Email * How the Balance Sheet is Structured . X Ltd. Issue of 4,80,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. 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.