Question Papers 1786. She placed most of her cli... A: 1. You may use online sources to write about the ratios. Question Papers 1786. The following is the balance sheet of Korver Supply Company at December 31, 2012. Q: Philadelphia Company has the following information for March: The debentures of X Ltd., and Y Ltd.,  Will be converted into equivalent number of debentures of XY Ltd. 55.From the following balance sheet of BCR Ltd as at 31st March, 2010 and 2011. Y Ltd. Issue of 3,50,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. 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. Question Papers 1786. a.shareholders' equity is increased. Rs. 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 … Journal: 31.3.2018 (₹) 31.3.2017 (₹) I.  Sales = $ 484,795 Advertisement Remove all ads. You may need to download version 2.0 now from the Chrome Web Store. Issue of 4,80,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of X Ltd. At 10% premium. General Motors Co. 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. Textbook Solutions 11268. (Delhi 2012; Modified) Ans. Find an answer to your question following is the balance sheet of GEC ltd as at 31st march 2019 prepare cash flow statement Concept Notes & Videos 439. 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. Issue of 3,50,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. Excess of claim over the reserve will be: Share capital Equity… Relevant costs are considered usefu... Q: Entries and Schedules for Unfinished Jobs and Completed Jobs 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 … Stock on 31st March, 2016 was valued at ₹ 46,000. Principle of Fairness: Another way to prevent getting this page in the future is to use Privacy Pass. View all GM assets, cash, debt, liabilities, shareholder equity and investments. Taking into account the following adjustments, prepare Trading and Profit & Loss Account and the Balance Sheet as at 31st March, 2016:- 1. Profit is part of capital or net worth. EQUITY AND LIABILITIES : 1. 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. Following is the balance sheet of Vertical Ltd. as on 31st March, 2013: Amount (`) I EQUITIES AND LIABILITIES 1. 31st March, 2019 (₹) 31st March, 2018 (₹) I. Time Tables 18. • Annual balance sheet by MarketWatch. Numerical. The claim on account of workmen's compensation was determined at ₹ 40,000. Median response time is 34 minutes and may be longer for new subjects. Question Bank Solutions 15386. CBSE CBSE (Commerce) Class 12. The statutory reserves are to be maintained for two more years. Note No. Form the following Balance Sheet of Star Ltd as at 31st, March 2019, prepare Cash Flow Statement: Additional Information : (i). Mona and Tina were partners in a firm sharing profits in the ratio of 3 : 2. Textbook Solutions 11268. Sales • Concept Notes & Videos 439. Cloudflare Ray ID: 606d55dd2a1e2325 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. 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. Please enable Cookies and reload the page. Rs. Additional Information : ? Following is the Balance sheet of R.S ltd as at 31st March, 2019. Particulars Rs. $484,795 Time Tables 18. 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. Syllabus . Advertisement Remove all ads. XY Ltd., is formed to take over X Ltd. and Y Ltd., for the following consideration. Question Bank Solutions 15386. Question Bank Solutions 15386. Syllabus. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of Y Ltd. At 10% premium. Important Solutions 3417. Variable Manufacturing Cost = $ 205,574 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. Your IP: 51.91.109.137 Find answers to questions asked by student like you. Variable cost of g... A: Given: Syllabus. Textbook Solutions 11268. Concept Notes & Videos & Videos 439. Prepare Cash Flow Statement. 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%. As a result of a stock split, 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. 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. From the Following Balance Sheet of Akash Ltd. as at 31st March 2014: CBSE CBSE (Commerce) Class 12. Shareholder’s Fund: 7,00,000 5,00,000 a. EQUITY AND LIABILITY : 1. Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019: - Accountancy . Shankar, a shareholder holding 5,000 shares did not pay the first call on the due date. The following items were extracted from the Balance Sheet of Xansa Ltd. as on 1st April, 2009: 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. Assets Rs. Shares… The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005. 1,00,000, 12% Debenture were issued on 31st March, 2019. From the Following Balance Sheet of Mishi Ltd. as at 31st March, 2019, Prepare Cash Flow Statement: - Accountancy. 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. From the Following Balance Sheet of Akash Ltd. as at 31st March 2014: - Accountancy . Time Tables 18. 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). Important Solutions 3417. - Accountancy . Fixed Manufacturing Cost = $ 76,27... Q: 16. The debentures of X Ltd., and Y Ltd.,  Will be converted into equivalent number of debentures of XY Ltd. Reserve and Surplus 3,50,000 2,00,000 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 … 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. You may use online sources to write about… From the Following Balance Sheet of Samta Ltd., as at 31st March, … Question Bank Solutions 15386. Performance & security by Cloudflare, Please complete the security check to access. Textbook Solutions 11268. Question By default show hide Solutions. Following is the Balance Sheets of Solar Power Ltd as at 31.3.2014 : Solar Power Ltd. Balance Sheet: … Following Was the Balance Sheet of M.M Ltd at on 31.3.2015. Get the annual and quarterly balance sheet of Great Elm Capital Group, Inc. (GEC) including details of assets, liabilities and shareholders' equity. Following Was the Balance Sheet of M.M Ltd at on 31.3.2015. Question Papers 1786. Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*. 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. Q: If sales commissions are increased, which cash budgets are affected? Time Tables 18. 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. 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. First Name * Email * How the Balance Sheet is Structured . Important Solutions 3417. From the following balance sheet of Sohel & Co Ltd as at 315 March 2013 and also comment on the ratios. Assets Rs. Solution for From the following balance sheet of Sohel & Co Ltd as at 31st March 2013 and also comment on the ratios. Concept Notes & Videos 439. Balance Sheet Template Download the free Excel template now to advance your finance knowledge! At the time of admission, Workmen's Compensation Reserve appeared in the Balance Sheet of the firm at ₹ 32,000. The Balance Sheet Page of Raymond Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. 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. The statutory reserves are to be maintained for two more years. - Accountancy . Question By default show hide Solutions. 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 Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Q: Explain the distinguishing features of managerial accounting. If you want any s... *Response times vary by subject and question complexity. Question By default show hide … From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. Advertisement Remove all ads. Advertisement Remove all ads. Show how Management Accounting benefit... A: Since you have asked multiple questions, we will solve the first question for you. Solution for The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. Syllabus. 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. 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. Naina was admitted with 1 6 th share in the profits of the firm. The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. Share Capital b. X Ltd. Issue of 4,80,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of Y Ltd. At 10% premium. From the Following Balance Sheet of Samta Ltd., as at 31st March, 2019, Prepare Cash Flow Statement: CBSE CBSE (Commerce) Class 12. Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019: CBSE CBSE (Commerce) Class 12. 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 - Showing your workings clearly Particulars Note No. Recording of a business transactions in a chronological order. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of X Ltd. At 10% premium. 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. Solutions in as fast as 30 minutes! * to access 2010 and 2011 31! ( ₹ ) I at ₹ 32,000 th share in the future to... Presents the key ratios, its comparison with the sector peers and 5 of. 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Assets, Cash, debt, Liabilities, shareholder equity and investments and investments of Akash Ltd. as 31st.