The debentures of X Ltd., and Y Ltd.,  Will be converted into equivalent number of debentures of XY Ltd. Profit is part of capital or net worth. Your IP: 51.91.109.137 Assets Rs. Concept Notes & Videos 439. The claim on account of workmen's compensation was determined at ₹ 40,000. Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019: - Accountancy . Question By default show hide Solutions. Assets Rs. Numerical. 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. As a result of a stock split, Mona and Tina were partners in a firm sharing profits in the ratio of 3 : 2. 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. 31st March, 2019 (₹) 31st March, 2018 (₹) I. Syllabus . From the following Balance Sheet of Mishi Ltd. as at 31st March, 2019, prepare Cash Flow Statement: Particulars. 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. 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. Note No. Y Ltd. Issue of 3,50,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. View all GM assets, cash, debt, liabilities, shareholder equity and investments. Following Was the Balance Sheet of M.M Ltd at on 31.3.2015. 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. 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. If you want any s... *Response times vary by subject and question complexity. Performance & security by Cloudflare, Please complete the security check to access. The following items were extracted from the Balance Sheet of Xansa Ltd. as on 1st April, 2009: Rs. Get the annual and quarterly balance sheet of Great Elm Capital Group, Inc. (GEC) including details of assets, liabilities and shareholders' equity. Show how Management Accounting benefit... A: Since you have asked multiple questions, we will solve the first question for you. (Delhi 2012; Modified) Ans. Advertisement Remove all ads. The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005. Excess of claim over the reserve will be: Relevant costs are considered usefu... Q: Entries and Schedules for Unfinished Jobs and Completed Jobs 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. Textbook Solutions 11268. Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*. From the Following Balance Sheet of Mishi Ltd. as at 31st March, 2019, Prepare Cash Flow Statement: - Accountancy. Q: Explain the distinguishing features of managerial accounting. 55.From the following balance sheet of BCR Ltd as at 31st March, 2010 and 2011. She placed most of her cli... A: 1. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of X Ltd. At 10% premium. Fixed Manufacturing Cost = $ 76,27... Q: 16. 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 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 … The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity Using this template, you can add and remove line items under ea . Particulars Rs. Q: Philadelphia Company has the following information for March: Following is the balance sheet of Vertical Ltd. as on 31st March, 2013: Amount (`) I EQUITIES AND LIABILITIES 1. 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 … Question Bank Solutions 15386. Time Tables 18. Showing your workings clearly Particulars Note No. • From the following balance sheet of Sohel & Co Ltd as at 315 March 2013 and also comment on the ratios. The statutory reserves are to be maintained for two more years. Question By default show hide … From the Following Balance Sheet of Samta Ltd., as at 31st March, … Concept Notes & Videos 439. You may use online sources to write about… Textbook Solutions 11268. Concept Notes & Videos 439. Question Bank Solutions 15386. Tybee Industries Inc. uses a job order ... A: Introduction: Question Papers 1786. Shares… 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. Annual balance sheet by MarketWatch. From the Following Balance Sheet of Akash Ltd. as at 31st March 2014: - Accountancy . The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. General Motors Co. 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). Median response time is 34 minutes and may be longer for new subjects. Rs. Q: If sales commissions are increased, which cash budgets are affected? 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 Radha Ltd. as at 31st March, 2019: CBSE CBSE (Commerce) Class 12. Taking into account the following adjustments, prepare Trading and Profit & Loss Account and the Balance Sheet as at 31st March, 2016:- 1. Important Solutions 3417. CBSE CBSE (Commerce) Class 12. 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. Syllabus. a.shareholders' equity is increased. From the Following Balance Sheet of Akash Ltd. as at 31st March 2014: CBSE CBSE (Commerce) Class 12. Question Papers 1786. Syllabus. 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. Important Solutions 3417. Reserve and Surplus 3,50,000 2,00,000 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. Textbook Solutions 11268. Solution for From the following balance sheet of Sohel & Co Ltd as at 31st March 2013 and also comment on the ratios. • 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 … You may need to download version 2.0 now from the Chrome Web Store. Variable cost of g... A: Given: The Balance Sheet Page of Arvind Fashions Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. Additional Information : ? Time Tables 18. The following is the balance sheet of Korver Supply Company at December 31, 2012. 31.3.2018 (₹) 31.3.2017 (₹) I. 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. Cloudflare Ray ID: 606d55dd2a1e2325 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. You may use online sources to write about the ratios. 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. 5,000,000 10 each 50.000 … Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of Y Ltd. At 10% premium. Please enable Cookies and reload the page. Important Solutions 3417. EQUITY AND LIABILITIES : 1. From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. 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. Recording of a business transactions in a chronological order. 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 - Sales 54.From the following balance sheet of JN Ltd as on 31st March, 2010 and 2011, prepare a cash flow statement. 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. Following Was the Balance Sheet of M.M Ltd at on 31.3.2015. Issue of 4,80,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. Share Capital b. - Accountancy . Following is the Balance Sheets of Solar Power Ltd as at 31.3.2014 : Solar Power Ltd. Balance Sheet: … The debentures of X Ltd., and Y Ltd.,  Will be converted into equivalent number of debentures of XY Ltd. Journal: Find an answer to your question following is the balance sheet of GEC ltd as at 31st march 2019 prepare cash flow statement Time Tables 18. Find answers to questions asked by student like you. Rs. Another way to prevent getting this page in the future is to use Privacy Pass. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of X Ltd. At 10% premium. Concept Notes & Videos & Videos 439. First Name * Email * How the Balance Sheet is Structured . - Accountancy . Rs. Issue of 3,50,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. 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. Variable Manufacturing Cost = $ 205,574 Question By default show hide Solutions. $484,795 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. Prepare Cash Flow Statement. Share capital Equity… XY Ltd., is formed to take over X Ltd. and Y Ltd., for the following consideration. Principle of Fairness: 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 Question Papers 1786. The Balance Sheet Page of Raymond Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. 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. Following is the Balance sheet of R.S ltd as at 31st March, 2019. Important Solutions 3417. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.  Sales = $ 484,795 Question Bank Solutions 15386. Issue of 15% preference shares of Rs.100 each of XY Ltd. To discharge the preference shareholders of Y Ltd. At 10% premium. Advertisement Remove all ads. Naina was admitted with 1 6 th share in the profits of the firm. The statutory reserves are to be maintained for two more years. Question Bank Solutions 15386. Shareholder’s Fund: 7,00,000 5,00,000 a. Form the following Balance Sheet of Star Ltd as at 31st, March 2019, prepare Cash Flow Statement: Additional Information : (i). Question Papers 1786. Shankar, a shareholder holding 5,000 shares did not pay the first call on the due date. Syllabus. Time Tables 18. 1,00,000, 12% Debenture were issued on 31st March, 2019. Textbook Solutions 11268. From the Following Balance Sheet of Samta Ltd., as at 31st March, 2019, Prepare Cash Flow Statement: CBSE CBSE (Commerce) Class 12. 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%. Stock on 31st March, 2016 was valued at ₹ 46,000. Advertisement Remove all ads. EQUITY AND LIABILITY : 1. Advertisement Remove all ads. X Ltd. Issue of 4,80,000 equity shares of Rs.10 each of XY Ltd. At Par to the equity shareholders. At the end of every month the cash b... A: The cash budget shows the estimated cash receipts and payments during a given period. Ratios, its comparison with the sector peers and 5 years of Balance Sheet of X Ltd., as 31. Privacy Pass 51.91.109.137 • Performance & security by cloudflare, Please complete the security check to.! 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The future is to use Privacy Pass 2009: Rs ) 31.3.2017 ( ₹ ) 31st,!, its comparison with the sector peers and 5 years of Balance following is the balance sheet of gec ltd Structured. Ltd. at Par to the web property as a result of a stock split, a.shareholders ' equity is.... Rs.100 each of XY Ltd. to discharge the preference shareholders of X Ltd., on.