Cash Flow Statement — Accountancy STD 12 Commerce — Question

Operating Cycle and the period when payment is received is given below. How will you classify the asset?

Particulars	(i)	(ii)	(iii)	(iv)	(v)	(vi)
Operating Cycle (Months)	10	10	10	15	15	20
Expected Period when payment is received (Months)	9	12	14	14	18	18

Pass journal entries in the following cases:
A Co.Ltd. issued ₹ 40,000; 12% Debentures at a premium of 5% redeemable at par.

A Company has a loan of ₹ 30,00,000 as part of its capital employed. Interest payable on the loan is 12% and the R.O.I. of the company is 25%. The rate of income tax is 40%. What is the gain to shareholders due to the loan raised by the company?

Deepak Ltd purchased furniture of ₹ 2,20,000 from M/s. Furniture Mart. 50% of the amount was paid to M/s. Furniture Mart by accepting a Bill of Exchanged and for the balance the company issued 9% Debenture of ​₹ 100 each at a premium of 10% in favour of M/s. Furniture Mart.
Pass Journal entries in the books of Deepak Ltd.

The Directors of a company forfeited 300 shares of ₹ 10 each issued at a premium of ₹ 3 per share, for the non-payment of the first call money of ₹ 2 per share. The final call of ₹ 2 per share has not been made. Half the forfeited shares were reissued at ₹ 1,500 as fully paid-up. Record the journal entries for the forfeiture and reissue of shares.

From the following information, calculate Change in inventory of work-in-Progress:
Opening and Closing Work-in-Progress ₹ 1,50,000 and ₹ 1,45,000 respectively.

Journalise the following:
Y Ltd. forfeited 700 shares of ₹ 100 each, issued at a premium of, 5 per share for non-payment of allotment money of ₹ 35 per share (including premium) and first call of ₹ 20 per share. The second and final call of ₹ 20 has not yet been called 500 of these shares were re-issued as ₹ 80 paid-up for ₹ 92 per share.

A Company has a loan of ₹ 15,00,000 as part of its Capital employed. The interest payable on loan is 15% and the R.O.I. of the Company is 25%. The rate of lncome Tax is 60%. What is the gain to shareholders due to the loan raised by the Company?

Trade Payables ₹ 50,000, Working Capital ₹ 9,00,000, Current Liabilities 3,00,000. Calculate Current Ratio.
[Hint: Trade Payables are already included in Current Liabilities.]

Vishwas Ltd. issued 2,000; 9% Debentures of ₹ 100 each payable as follows:
₹ 25 on application; ₹ 25 on allotment and ₹ 50 on first and final call.
Applications were received for all the debentures along with the application money did allotment was made. Call money was also received on the due date.
Pass necessary Journal entries in the books of the company.