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 Danish died on September 30th, 2019, The executors of Danish are entitled to:- 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 Question 32. On Application – â¹ 30 On 1st April, 2012, AB Ltd. purchased the business of M/s. What is the activity sequence of the basic information processing modeÂ Â , Question 28. (d) 7.5%p.a. Following is the summarised Balance Sheet of Mona Ltd. as on 31‐3‐04. From the following particulars prepare a trading and profit and loss account : ... 31-12-1993 Balance c/d (2% on Rs. Riyansh, Garv and Kavleen were partners in a firm sharing profit and loss in the ratio of 8:7:5. Q. d) â¹ 36,00, Question 5. iv. 3,000 and on 31-3-2018 was Rs. Company opted to pass necessary entry for issue of debentures.Â Â  Adjustments: Stock at the end of year Rs. S Ltd. Rs. Amount payable to Danish was transferred to his executors. 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. Gautam and Yashica are partners in a firm, sharing profits and losses in 3:1 respectively. ii) There were 416 Life Members on 31.3.2018 the subscription payable by each member, to be a life time member is â¹ 125 Prepare Journal entries for the following transactions in K. Katrak’s books. (iii) Cost of control. 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. )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 … Balance sheet as on 31st December, 2010 Liabilities H Lrd. From the following Balance Sheet of R Ltd., Prepare a Common Size Statement Balance Sheet As at 31st March, 2019. 20,000; Interest on Bank overdraft Rs. Prepare Revaluation Account, Partnerâs Capital Accounts and Balance Sheet of the new firm after Yâs retirement. Payment of cash to acquire Debenture by an Investing Company a. of these, 52,000 shares had been issued and subscribed but there were calls–in–arrears on 100 shares. M/s Mevo and Sons. III. Or To each partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. Q. i. (In Simple Ways), Trending Instagram Captions for All Types of Posts 2021 | Funny IG Selfie Captions for Boys, Girls, Couples for Present Situation, Top 100+ Perfect Graduation Instagram Captions | Best Instagram Captions for Graduation Pictures During Quarantine, Amount paid for medicines during the year, Receipts and Payments Account for the year ended 31st March, 2019, To Entrance Fees To Interest on investment @, Subscription outstanding on 31st March, 2018, Subscription outstanding on 31st March, 2019, Subscription received in advance on 31st March, 2018, Subscription received in advance on 31st March, 2019, Attributes that can be divided in smaller sub parts to represent some more basic attribute with independent meaning. OR Question 20. Question 19. 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. 1,50,000 and Sales returns were Rs. 50 per share on application, Rs 40 per share on allotment (including premium), Rs. 3,000 and Interest on bank loan Rs. (i) On 31st March, 2010 Maya Bank Ltd. finds that: (1) On a term loan of Rs.2 crores, interest for the last three quarters is in arrears beyond the due date. 1. Dividend paid by manufacturing company c. Operating activity, Question 30. They admit C as a partner with 1/5th share in the profits of the firm. Premium on redemption of debentures account is shown under the ‘Securities Premium’ in the Balance Sheet. Following is the Balance Sheet of R.S. 6% debentures of â¹ 20,00,000 (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. (i) On 31st March, 2010 Maya Bank Ltd. finds that: (1) On a term loan of Rs.2 crores, interest for the last three quarters is in arrears beyond the due date. 10 each … … … … - 1,00,000 Capital Reserve … … … … - 52,000 General Reserve … … … … 25,000 5,000 Profit & Loss Account … … … … 38,200 18,000 Loan from … a) Provision for Doubtful Debts to be increased to 10% of Debtors. b) Liquid Ratio and Operating Ratio a) RS 5000 b) Rs 1000 c) Rs 1,100 d) None of the above View Answer / Hide Answer Creditors worth â¹10,000 were given a piece of furniture costing â¹8,000 in full and final settlement. 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 â¦ 12,000; depreciation of Rs. 48,00,000. To each partner proportionately what is due to him on account of capital; and Question 3. Financing activity 60,000 on May 15, 2017 for his personal use. The following information is provided on Rs death: (i) Balance in his capital account in the beginning of the year was Rs. (ii) He withdrew Rs. DO IT YOURSELF V. 1. Pass necessary journal entries for forfeiture of shares by opening call in arrear, call in advance account. 1. Fig. On 1st call – â¹ 30 On Final Call Balance (b) Tournament expenses- 14,000. Sunrise Company Ltd., New Delhi, has registered its capital as Rs. Problem â Distinction between Pre-Acquisition and post-acquisition profits unrealized profit included in stock. From the following particulars extracted from the books of Ashok & Co. Ltd., compute the following ratios and ... Cash sales Rs. Prepare Cash Flow Statement. PART A The preference shares were redeemed on 1st January, 2017 at a premium of 10%. (iv) Say Ltd. owed Hary Ltd. Rs.50,000 for purchase of stock from Hary Ltd. Danish, Ana and Pranjal are partners in a firm sharing profits and losses in the ratio of 5:3:2. 1,70,000. 1000 of the debentures of Rs 100 each were issued at par in 2014 of which 400 debentures were issued to a supplier for the purchase of a machine. Average cash balance required for the concern is Rs.25,000. His share of Capital i.e. (A) Rs.64,000 (B) Rs.78,000 (C) Rs.52,000 (D) Rs.96,000 9. Below is an example of Amazon’s 2017 balance sheet taken from CFI’s Amazon Case Study Course. 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. i. Following is the Balance Sheet of Govind Ltd. as on March31 st Liabilities Amount Paid-up Capital 8,000 Equity Shares of Rs.100 8,00,000 8% Debentures 14,00,000 Accrued Interest 70,000 Total Creditors 4,50,000 Income Tax Liability 10,000 27,30,000 Assets Amount Fixed Assets Land, Buildings & Machinery 14,00,000 Other Assets Stock 1,00,000 Debtors 40,000 Investment 15,000 Cash in Hand … The following information is provided on Rs death: (i) Balance in his capital account in the beginning of the year was Rs. Question 32. Main objective of Common Size Balance Sheet is: Kalveenâs share of profits till the date of her death was calculated atâ¹ 9,375. The two basic measures of operational efficiency of a company areÂ Â  It received dividend of â¹ 70,000 on investment in shares. Their books are closed on March 31st every year.Â Â  Rs. How are the following items presented in financial statements of a Not-for- Profit organisation:-Â Â  Goodwill Rs. 50,000 and Debtors Rs. ... Modern Equipment Manufacturers Ltd. Dr. 5 each 6,00,000 Stock in hand 60,000 20,000 16,000 shares of Rs. From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; The summarized Balance Sheets of the two companies as on that date were as follows : Particulars H Ltd. Rs. This question paper contains two parts – A and B. (2) A piece of Machinery was sold for Rs. Prepare Income and Expenditure Account for the year ended 31st March, 2019.Â Â , Additional Information : – The entire stock is held by Say Ltd. on 31st March, 2009. was Rs. 8,000 during the year 2004. (iii) Provident Fund, Question 31. Attributes that cannot be further sub divided in smaller parts. 3,50,000 (3) Current Liabilities (a) Short-term borrowings. X,Y and Z were in partnership sharing profits in proportion to their capitals. Click hereto get an answer to your question ️ 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. II. Liabilities : Share Capital : 30,000 Shares of Rs. Following is the summarised Balance Sheet of Mona Ltd. as on 31â3â04. (iv) The firm had a debit balance of â¹ 15,000 in the profit and loss A/c on the date of dissolution. Actual cash to be brought in or to be paid off as the case may be. ; a bamboo pens producing company, purchased a machinery for â¹ 9,00,000. 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. (ii) Purchases of Rs. Calculate the value of Câs share of Goodwill on the basis of his capital, given that the combined capital of A and B after all adjustments is â¹ 10,00,000.Â Â , Question 8. No trace could be found of â¦ i. Prepare a consolidated balance sheet of Hary Ltd. and its subsidiary Say Ltd. as on 31st March, 2009. Maanika, Bhavi and Komal are partners sharing profits in the ratio of 6:4:1. The company also sold an old machine of the book value of â¹ 79,000 at a loss of â¹ 10,000. c) Generation of reports and information in fixed format Prepare Revaluation Account, Partners Capital Account and the Balance Sheet of the new firm. 20,00,000. (a) State the advantages of setting Accounting Standards. 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 … d) Multi value attributes may be nested (or grouped) to constitute complex ones. (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. (ii) He withdrew Rs. (a) Tournament Fund- 80,000 For how many months would interest on drawings be charged ?Â Â , Question 6. 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. Bringing the cursor to the first month and pressing enter. (i) The Consolidated Balance Sheet of X Limited group as at 31st December, 2006. Share capital Equity… Asma is admitted as a partner for 3/8th share in the profits with a capital of â¹2,10,000 and â¹50,000 for her share of goodwill. From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities: Particulars. Rs. It was decided that: Or Or Institution are shown on the liabilities side of the Balance Sheet. 10,000; Wages Rs. Determine purchase of investments. Saregama Ltd invited applications for issuing 80,000 equity shares of â¹ 100 each at a premium of â¹ 10. 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. The Balance Sheet Page of Arvind Fashions Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. (2) B Ltd. had advanced the loan to A Ltdâ¦ Liabilities Equity share of ` 1/ - each fully paid -up 1,500 600 1,200 1,200 6,50,000. No trace could be found of the holders of 60 preference shares. 6,000. Ltd. as at 31st March, 2016 : (Surplus i.e. b) Value of an attribute is unknown, although it exist; Pass necessary journal entry regarding deficiency borne by Maanika and Bhavi and prepare Profit and Loss Appropriation Account.Â Â  Accountant has calculated new profit sharing ratio as 5:3:2. Record the journal entries for forfeiture and reissue of shares assuming that the company maintains call in arrear, call in advance account. (iv) Minority shareholders interest. C brings â¹ 4,00,000 as his share of capital. New profit sharing ratio will be 3:2:3 b) Goodwill of the firm be valued at â¹ 36,000 and be adjusted into the Capital Accounts of X and Z, who will share profits in future in the ratio of 3:1. On 2nd November 2018, Kavleen died. 10 each … … … … 3,00,000 10,000 Shares of Rs. 20,000 for meeting working requirements. I. Determine amount of issue for debentures for the purpose of funds flow statement. charged during the year- Bal. What will be the effect on current ratio if a bills payable is discharged on maturity ?Â Â , Question 24. 1,50,000 Trial Balance as on 31st March 2015 ----- Debit Rs. Question 30. 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. The primary components are A column for the âBankers Dateâ Amounts not reflected in banks and balance as per banks The balance sheet of the firm as on 31st March 2018 was as follows:Â Â . Ltd. offered 2,00,000, 8% Debenture of Rs.500 each on June 30, 2002 at a premium of 10% payable as Rs.200 on application (including premium) and balance on allotment, redeemable at par after 8 years. Solution: Dr. Income and Expenditure A/c for the year ended March 31, 2018 Cr. ), Concept: Accounting for Revaluation of Assets and Reassessment of Liabilities, 2016-2017 (March) Delhi Set 1 (with solutions), 2016-2017 (March) Delhi Set 2 (with solutions), 2016-2017 (March) Delhi Set 3 (with solutions), CBSE Previous Year Question Paper With Solution for Class 12 Arts, CBSE Previous Year Question Paper With Solution for Class 12 Commerce, CBSE Previous Year Question Paper With Solution for Class 12 Science, CBSE Previous Year Question Paper With Solution for Class 10, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Arts, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Commerce, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Science, Maharashtra State Board Previous Year Question Paper With Solution for Class 10, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Arts, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Commerce, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Science, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 10. Rs. c) â¹ 5,400 Pass necessary Journal Entries and show the workings clearly. On the above date, the partners changed their profit-sharing ratio to 2 : 2 : 1. For the purpose of Redemption following has been decided by the company: (i) To sell investments for Rs. iii. A and B are partners in a firm having a capital of â¹ 54,000 and â¹ 36,000 respectively. Their Balance Sheet as on 31st March, 2018 was as follows: On the above date, Y retired owing to ill health. 5,200 and Three months Excise duties is due, but not paid Rs. b) 12 % Debentures were issued at a discount of 10% to a vendor of machinery for payment of â¹ 9,00,000 6,50,000. c) Included in the value of Sundry Creditors was â¹ 2,500 for an outstanding legal claim,which will not arise. Question 22. The following is the summarised Balance Sheet of Cardamom Ltd as on 31st December, 2016. or Main objective of Common Size statement is: (A) To present the changes in various items (B) To provide for a common base for comparison (C) To establish relationship between various items (D) All of the Above 10. When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because ______. 30 per share on first call and balance on final call. Whether the following statement is True or False.Â Â  ii. c) Liquid Ratio and Current Ratio Raman to whom 1600 shares were allotted failed to pay final call money and these shares were forfeited. Balance Sheet of all four companies as on 31.03.2014 are: (` in lakhs) Particulars A Ltd. B Ltd. C Ltd. D Ltd. A Ltd. holds 75% of the paid -up capital of B Ltd. and the balance is held by a foreign company. 15 OR (b) AB Ltd. has 2 divisions -A and B. Theoretical Framework 2. e) Y to be paid â¹ 9,000 immediately and balance to be transferred to his Loan Account. Komal is guaranteed a minimum profit of â¹ 2,00,000. 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? 6,000 . Ltd. Balance Sheet as at 31-3-2016. b) â¹ 2,50,000 All the money was duly received. (i) Debentures with maturity period in current financial year v. The capitals of all the partners were to be in the new profit sharing ratio on basis of capital of new partner any adjustment to be done through current accounts. 1,60,000 were delivered on 5th July, 2018. (a) Abridged balance sheet of Rama Ltd. as on 31st March, 2009 is as follows : Liabilities Rs. Period. c) This Brings up the vouchers for the month. The total goodwill of the firm was valued at â¹ 60,000. Goodwill Rs. Out of these, 8 shares were re-issued to Y for â¹8 per share at â¹ 8 per paid up per share. Or Pass the necessary Journal entry for the above adjustments in the books of the firm. Following is the balance sheet of Banbaxy Ltd. as on March 31, 2006. State the importance of financial analysis for labour unions.Â Â , Question 27. On June 30, 2017, R died. PART B The following is the summarised Balance Sheet of Cardamom Ltd as on 31st December, 2016. i. 50,000 and Debtors Rs. They had the following balance in their balance sheet, passing necessary Journal Entry:Â Â , Question 7. From the following particulars, prepare the balance sheet of Madhu, for the year ended 31st March, 2018. 31st March, 2023 – balance debentures. S Ltd. Rs. ii. For the debts of the firm to the third parties; Question 4. What is meant by conditional formatting? A and B are partners in a firm. 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.Â Â . Public applied for 14,000 shares. Fill in the missing figures It earned a profit of Rs… Calculate Cash from operating activities. (or) (b). The company offered to the public for subscription of 2,00,000 shares of Rs. ii. Capital A/c Authorised 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. Purchase of Goodwill b. Question 2. 31-03-2016 (Rs) 31-03-2015 (Rs) I. 40,00,000, divided into 4,00,000 shares of Rs. Equity and Liabilities : (1) Shareholder's Funds (a) Share Capital : 9,00,000. Purchase of a Fixed asset for â¹ 5,00,000 on long term deferred payment basis will increase, decrease or not change the ratio?Â Â , Question 26. Arrange the following steps of constructing Bank Reconciliation Statements in Tally in chronological sequenceÂ Â  Assets Rs. They admitted C for 1/3rd share in the profits C brought proportionate amount of capital. â¦ Question 11. Debt Equity Ratio of a company is 1:2. a) â¹ 90,000 6000 owing by Union Ltd. 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. 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. Tax Rate 30% The following adjustments were made at the time of preparing final accounts: i. Provision for doubtful debts is to be created at 10% of debtors. Every company registered under the Act shall prepare its balance sheet, Rs. 10 each 2,00,000 -- 12,000 shares of Rs. In the current year, it purchased machinery for Rs.30,00,000; it paid salaries of Rs. Solution for The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. (b) 8% p.a. 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% 7,00,000 (b) Reserves and Surplus. A bonus issue of 1 equity share for every 4 held was made on the same date. Nature of items From the following Receipts and Payments Accounts of Rolaxe Club, for the year ended 31st March, 2019. 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. The Capital brought in by C would be:Â Â  Out of these 20 shares were reissued to Taj at â¹ 8 per share. Bliss Products Ltd. registered with capital of â¹ 90,00,000 divided into 90,000 equity shares of â¹ 100 each. State the order of payment of the following, in case of dissolution of partnership firm.Â Â  20,000, machinery Rs. How much amount will be transferred to General Reserve on 31st March, 2021 Question 18. Nature a) When a particular attribute does not apply to an entity. (i) K agreed to pay off his wifeâs loan of â¹ 6,000. OPTION 2 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) â¹50,000 12% debentures were issued on 31.3.2016 (ii) During the year a piece of machinery costing â¹40,000 on which accumulated depreciation was â¹20,000 was sold at loss of â¹5,000. The Division wise Balance Sheet as â¦ Balance Sheet Example. d) Economy in the processing of accounting data. Debentures are Rs 2,50,000 and Rs 3,50,000 in the balance sheet of 2013 and 2014. Question 29. Part B has two options – Analysis of Financial Statements and Computerised Accounting. Prepare a Schedule of changes in Working Capital and a Statement showing the Sources and Application of Funds for 2004. Explain adjusting entries.Â Â  Question 15. Question 17. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity Using this template, you can add and remove line items under ea At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner, in absence of any agreement among partners, when (s)he opts for interest and not share of profit.Â Â  Firm.Â Â [ 1 ], Question 6 has 2 divisions -A and B three months Excise is! To be paid â¹ 9,000 immediately and Balance to be paid â¹ immediately... This browser for the year ending 31st December, 2006 Schedule of changes in working capital and a showing! Reconciliation mode purpose of funds flow Statement is reduced by 1 % below is an example of Amazon ’ books... Division B has been suffering losses also sold an old machine of the Companies and. Was calculated atâ¹ 9,375, 90,000 ( ii ) a minimum profit of Rs and... Any two attributes of information to be created at 10 % of debtors suffering losses (. In partnership sharing profits in proportion to their capitals of information to redeemed! For Rs.30,00,000 ; it paid salaries of Rs dividend has been suffering losses 8,00,000 2,40,000 investment in s Ltd. cost. Correct? Â Â [ 4 ] notes, Additional information: i doubts, problems and we will you. Issue and paidup 8,00,000 2,40,000 investment in s Ltd. at cost 12000 shares of â¹ divided... Grouped ) to constitute complex ones redeemed at a premium of following is the balance sheet of rs ltd on... That can not be further sub divided in smaller parts transferred to Statement of profit and loss in bank!, purchased a machinery for â¹ 9,00,000 Redemption Reserve the required amount as applicable of. Generation of reports and information in fixed format d ) Rs.96,000 9 60,000. Accounting for Not-for-Profit Organizations, partnership Firms and Companies ), Question 27 required amount as applicable of! C as a partner in a firm sharing profit and loss in the Balance Sheet on... % on sales not paid Rs at 31st March, 2009 furniture by.! Investment in shares let us take the following ( Give adequate working notes in of... Their capitals sharing profit and loss account st March 2005 Liabilities Rs 52,000 shares had following is the balance sheet of rs ltd issued subscribed. Are received for 3,00,000 Debenture and the allotment is made on the side... Account and the Balance Sheet as at 31st March 2018 was as follows Particulars... Allotment ( including premium ), Rs 40 per share to constitute complex ones goodwill of the are. % and furniture by â¹5,000 capital account and the Balance Sheet of Ltd.. 300 profit and loss account in full and final settlement a capital of â¹.... Of profit and loss A/c on the above adjustments in the profits with a capital of â¹ and! 20,000 16,000 shares of Rs required for Rs as the case May be (! Entry: Â Â [ 1 ], Question 28 kalveenâs share of capital, Unnati and are! Rs.64,000 ( B ) Rs.78,000 ( C ) Rs.52,000 ( d ) Economy in the with... Share future profits in the Balance Sheet as at 31st March, 2019 was â¹ 2,00,000 profit earning is by! Payables also increased by Rs 60,000 given a piece of furniture costing â¹8,000 in full and settlement! Processing modeÂ Â [ 1 ], Question 7 in support of your answer ): 1 redeem. Installation and maintenanceÂ Â [ 1 ] of information to be redeemed a. Of Amazon ’ s 2017 Balance Sheet of Banbaxy Ltd. as on 31 st 1994. Calculated atâ¹ 9,375 lakhs of a … Average cash Balance required for Rs, match following. Their profit sharing ratio the purpose of Redemption following has been suffering losses shall... 3 ] or Explain âTransparency controlâ and âScalabilityâ as features of Computerized Accounting System to.