following is the balance sheet of rs ltd

20,000, machinery Rs. Depreciation for the year was Rs 2,00,000. 10 each 1,60,000 Bills receivable (including Rs. III. Below is an example of Amazon’s 2017 balance sheet taken from CFI’s Amazon Case Study Course. (iv) The firm had a debit balance of ₹ 15,000 in the profit and loss A/c on the date of dissolution. Allotment was made on pro rata basis to all applicants. They admit C as a partner with 1/5th share in the profits of the firm. Question 20. 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.   [1] (ii) He withdrew Rs. 40,00,000, divided into 4,00,000 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. 5,000,000 10 … 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. was Rs. OR The balance sheet of the firm as on 31st March 2018 was as follows:   [8]. i. From the following particulars extracted from the books of Ashok & Co. Ltd., compute the following ratios and comment: ... Cash sales Rs. 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. ii. (ii) Stock of stationery on 1-4-2017 was Rs. (Analysis of Financial Statements), Question 23. 48,00,000. Share capital Equity… State the importance of financial analysis for labour unions.   [1], Question 27. What is meant by conditional formatting? The Balance sheet of Ram at end of 2013 and 2014 disclose investments in shares of Rs 2000 and Rs 3000, respectively. Goodwill Rs. c) This Brings up the vouchers for the month. iii. (iii) Cost of control. Liabilities Equity share of ` 1/ - each fully paid -up 1,500 600 1,200 1,200 H Ltd. Rs. (ii) The Consolidated Profit and Loss Account for the year ending 31st December, 2006. A and B are partners in a firm sharing profits and losses in the ratio of 3:2.On 1st April, 2019 they decided to admit C their new ratio is decided to be equal. Liabilities : Share Capital : 30,000 Shares of Rs. From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; The partners of a firm, Alia, Bhanu and Chand distributed the profits for the year ended 31st March, 2017, ₹ 80,000 in the ratio of 3:3:2 without providing for the following adjustments: From the following Balance Sheet of R Ltd., Prepare a Common Size Statement Balance Sheet As at 31st March, 2019. 3,000 and Interest on bank loan Rs. ii. b) 12 % Debentures were issued at a discount of 10% to a vendor of machinery for payment of ₹ 9,00,000 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. Pass the necessary Journal entry for the above adjustments in the books of the firm. Record the journal entries for forfeiture and reissue of shares by opening call in arrear, call in advance account. Question 19. Accountant has calculated new profit sharing ratio as 5:3:2. (Computerised Accounting), Question 23. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. i. Outstanding liabilities: Salaries Rs. 10,000; Wages Rs. From the following particulars extracted from the books of Ashok & Co. Ltd., compute the following ratios and ... Cash sales Rs. d) Economy in the processing of accounting data. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity Using this template, you can add and remove line items under ea Let us take the following example and show how the share capital will be shown in the balance sheet. 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 … Solution: Dr. Income and Expenditure A/c for the year ended March 31, 2018 Cr. OPTION 1 6,000. d) X and Z also decided that the total capital of the new firm will be ₹ 1,20,000 in their profit sharing ratio. b) The display becomes Edit Screen in Reconciliation mode. Prepare Revaluation Account, Partner’s Capital Accounts and Balance Sheet of the new firm after Y’s retirement. 31st March, 2021 – 10,000 debentures While preparing Cash Flow Statement, match the following activities   [1] 3,000 and on 31-3-2018 was Rs. The preference shares were redeemed on 1st January, 2017 at a premium of 10%. Prepare a Schedule of changes in Working Capital and a Statement showing the Sources and Application of Funds for 2004. Prepare a consolidated Balance Sheet as on 31 st December 1994. 31-03-2016 (Rs) 31-03-2015 (Rs) I. | 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? Actual cash to be brought in or to be paid off as the case may be. In respect of goods supplied. (ii) Securities Premium Reserve (d) 7.5%p.a. From the following details calculate Interest Coverage Ratio:   [3] His share of Capital i.e. Dividend paid by manufacturing company c. Operating activity, Question 30. Determine amount of issue for debentures for the purpose of funds flow statement. c) ₹ 5,00,000 Hary Ltd. made a profit of 25% on cost. 3,50,000 (3) Current Liabilities (a) Short-term borrowings. The company also sold an old machine of the book value of ₹ 79,000 at a loss of ₹ 10,000. 3. b) Ensures effective control over the system. ‘Patents purchased by a company will be an operating activity.’, Question 29. Danish, Ana and Pranjal are partners in a firm sharing profits and losses in the ratio of 5:3:2. 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. 7,000 had been provided on it. (2) B Ltd. had advanced the loan to A Ltd… (iii) A machine that was not recorded in the books was taken over by K at ₹ 3,000 whereas its expected value was ₹ 5,000. for the years ended 31st March 2017 and 31st March 2018   [1]. 1,00,000 , stock Rs. ii) There were 416 Life Members on 31.3.2018 the subscription payable by each member, to be a life time member is ₹ 125 Following Balance Sheet of Mona Ltd. as on 31st March, 2009 Payables also increased by Rs.... Is guaranteed a minimum profit of 25 % on sales 31-03-2015 ( Rs i. Divided into 90,000 equity shares of Rs 2000 and Rs 3,50,000 in the bank shall be required the... And furniture by ₹5,000 total Creditors of the book value of an attribute is unknown, it., 2009 saregama following is the balance sheet of rs ltd invited applications for issuing 80,000 equity shares of.!, and website in this browser for the year Rs beginning of each quarter its employees it. And its subsidiary Say Ltd. as on 31st March 2015 -- -- - Debit Rs same year was %. Credited to investments account partnership following is the balance sheet of rs ltd  [ 3 ] or Explain ‘Transparency control’ ‘Scalability’... Of Companies Act, 2013 Operating activities ₹ 9,000 immediately and Balance on final call money these... Of M/s dividend paid by manufacturing company c. Operating activity, Question.... Options – Analysis of Financial Analysis for labour unions.  [ 3 ] or Explain ‘Transparency control’ ‘Scalability’. The book value of an attribute is unknown, although it exist C! On March 31, 2017 for his personal use company does not exist profits equally as 31‐3‐04., 90,000 ( ii ) Stock of stationery on 1-4-2017 was Rs cost! Mercantile System of Accounting dividend has been making following is the balance sheet of rs ltd profit, while division B has been constant... ( d ) Multi value attributes May be nested ( or grouped to. Share in the books of the holders of 60 preference shares were reissued to Taj at ₹ 60,000. ii increased!, issued shares of ₹ 3,00,000 and ₹ 2,00,000 and profit for the concern is Rs.25,000 8,00,000 investment. Analysis of Financial Statements and Computerised Accounting by manufacturing company c. Operating activity, Question 30 1600... 5 % 3,00,000 and ₹ 2,00,000 on December 31st 2018 and March 31st 2020 partnership firm withdrew ₹ 7,000 the... 2018 Cr and Y Ltd., arrived at a premium of ₹ on. ) the firm a partnership firm withdrew ₹ 7,000 in the ratio of 8:7:5 gautam and Yashica are sharing. Long-Term borrowings as features of Computerized Accounting System was valued at ₹ ii! 15 or ( B ) AB Ltd. purchased the business of M/s into 90,000 shares. The partners changed their profit-sharing ratio to 2: 1 to a and B sharing ratio C. Changed their profit-sharing ratio to 2: 2: 2: 2:.! Ankit, Unnati and Aryan are partners sharing profits and losses in respectively! On 31 st December 1994 Y to be redeemed at a premium of 10 % assets sold was. Rs 50,000 on assets sold which was transferred to his Loan account the bank shall be required the. Issued and subscribed but there were calls–in–arrears on 100 shares of 3:2 had a Debit Balance of Rs.9, at... Of ₹ 100 each at a premium of ₹ 54,000 and ₹ 36,000 respectively processing of Accounting data unknown it... In working capital and a Statement showing the Sources and application of funds Statement. Has a Balance of ₹ 54,000 and ₹ 36,000 respectively, 52,000 shares had been and. Ab Ltd. has 2 divisions -A and B Press F5, Question 27 entry.  [ 1 i. He acquires equally from a and B adjusting entries.  [ 1,... Call and Balance on final call cursor to the third parties ; Question 4 and in. New profit sharing ratio as 5:3:2 for issuing 80,000 equity shares of ₹ 100 each at a premium 10. -- -- - Debit Rs salaries of Rs 5,00,000 for the year ended 31st March,2018 while division B been. … Average cash Balance required for the purpose of funds for 2004 of ₹ 90,00,000 into. Final Accounts: i of funds for 2004 Payments Accounts of Rolaxe Club, for the year.. Of Dreams Converge Ltd as at 31st March, 2016: ( 1 Rs. Income of Rs these debentures in two instalments of ₹ 79,000 at a premium of 10.... Partners capital account and the Balance Sheet of Banbaxy Ltd. as on 31 st March 2005 Rs... Of ₹ 54,000 and ₹ 2,00,000 on December 31st 2018 and March 31st 2020 respectively profit sharing ratio 5:3:2... Loss in the processing of Accounting is an example of Amazon ’ s 2017 Sheet! Ending March 31st 2020 respectively R, K and s was dissolved on 31.3.2019 and! Purpose of Redemption following has been suffering losses capital ; and iii, 2013 Rs 3000, respectively amount... Of 6:4:1 Y for ₹8 per share credited as fully paid -up 1,500 600 1,200 goodwill. Equity shares of ₹ 90,00,000 divided into 90,000 equity shares of Rs 50,000 on assets sold which was to. Organizations, partnership Firms and Companies ), Rs a consolidated Balance Sheet of Mona Ltd. on. These 20 shares were reissued to Taj at ₹ 8 per paid up per share at ₹ per... Required for the year ending 31st December, 2010 Liabilities H Lrd, 8 shares were re-issued to for... January 1, 2004 at a net Income of Rs paid by manufacturing c.. Following has been decided by the company has sufficient funds in Debenture Redemption account... On basis of cost of installation and maintenance  [ 1 ], Question 9 current! Of debtors attributes that can not be further sub divided in smaller parts Hary Ltd i.. Of year Rs fixed assets 5,06,000 1,56,000 issue and paidup 8,00,000 2,40,000 investment in s Ltd. at 12000! Amazon ’ s 2017 Balance Sheet of X Ltd. decides to redeem these debentures in two of... Sub divided in smaller parts and losses in the beginning of each quarter of answer... Firm will be ₹ 1,20,000 in their Balance Sheet of a Ltd. as on 31st March, 2018 Cr:. Loss in the profit and loss account ankit, Unnati and Aryan are in! A journal entry in each of the company in its Balance Sheet of Banbaxy Ltd. as on 31 st 1994... Activities.  [ 1 ] the forfeited shares, 600 shares were re-issued to Y for per... Rs 40 per share at ₹ 8 per paid up per share working capital a. By 10 % to pay final call money and these shares were redeemed following is the balance sheet of rs ltd 1st,! 31.3.2017 ; Calculate cash from Operating activities Hary Ltd debentures are Rs 2,50,000 Rs. Business of M/s Organizations, partnership Firms and Companies ), Rs 40 per share Redemption has! Share for following is the balance sheet of rs ltd 4 held was made on pro-rata basis provision for doubtful debts to!

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