Accounting Ratios — Accountancy STD 12 Commerce — Question

Akash Ltd. is registered with an authorized Capital of ₹ 8,00,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully paid up share capital of the company was ₹ 4,00,00,000. For providing employment to the local youth and for the development of the rural areas of the Jammu and Kashmir State the company decided to set up a food processing unit in Anantnag District. The Company also decided to open skill development centres in Ladakh, Srinagar and Punch. To meet its new financial requirements the company decided to issue 1,00,000 equity share of ₹ 10 each and 10,000, 9% debentures of ₹ 100 each. The debentures were redeemable after five years. The issue of equity shares and debentures was fully subscribed. A shareholder holding 1,000 shares failed to pay the final call of ₹ 2 per share.
Present the share capital in the Balance Sheet of the company as per the provisions of Schedule III of the Companies Act, 2013. Also identify any two values that the company wishes to propagate.

Following are the Balance Sheets of Solar Power Ltd. as at 31st March,2014 and 2013:
Notes to Accounts:
Additional Information:
During the year, a piece of machinery costing ₹ 48,000 on which accumulated depreciation was ₹ 32,000, was sold for ₹ 12,000.
Prepare Cash Flow Statement.

Rich sugar Ltd. issued ₹ 20 Lakh, 8% Debentures divided into debentures of ₹ 100 each on 1st April, 2013, redeemable in four equal annual instalments starting from 31st March, 2016. The company decided to transfer to Debentures Redemption Reserve ₹ 2,50,000 each year on 31st March, 2014 and 2015.
The company invested ₹ 3,00,000 in Government securities as required by the Companies Act, 2013.
Pass necessary journal entries for the above transactions.

ABC Company Ltd. offered for subscription 20,000 shares of ₹ 10 each payable ₹ 3 on application and ₹ 5 on allotment for each share. Applications were received for 30,000 shares. Letters of regret were issued to applicants for 5,000 shares and their application money was refunded. Application money for other 5,000 shares was applied towards the payment for allotment money. The balance of allotment money was also received in due time.
You are to prepare the journal, Cash Book, Ledger Accounts and the Balance Sheet of the company.

Under which heads the following items are shown in the Balance Sheet of a company:

1. Calls-in-Arrears.
2. Commission Received in Advance.
3. Debentures.
4. Stores and Spare Parts.
5. Land and Building.
6. Forfeited Shares Account.
7. Government Securities.
8. Uncalled Liability on partly paid shares?

The following balance sheets relate to Modem Computers Ltd. convert these into common size balance sheet and interpret the same:

Calculate Operating Profit Ratio and Operating Ratio from the following:
Cash Revenue from Operations ₹ 2,00,000; Credit Revenue from Operations ₹ 1,30,000; Revenue from Operations Return (Sales Return) ₹ 10,000; Cost of Revenue from Operations ₹ 1,80,000; Office and Administration Expenses ₹ 40,000; Selling Expenses ₹ 36,000; Interest on Debentures ₹ 23,000.

Himalaya Company Limited issued for public subscription 1,20,000 equity shares of ₹ 10 each at a premium for ₹ 2 per share payable as under:

With Application	-	₹ 3 per share,
On allotment (including premium)	-	₹ 5 per share,
On First call	-	₹ 2 per share
On Second and Final call	-	₹ 2 per share.

Applications were received for 1,60,000 shares. Allotment was made on pro rata basis. Excess money on application were adjusted against the amount due on allotment.
Rohan to whom 4,800 shares were allotted failed to pay for the two calls. These shares were subsequently forfeited after the second call was made. All the shares forfeited were reissued to Teena as fully paid at ₹ 7 per share.
Record journal entries and show the transactions relating to share capital in the company's Balance Sheet.

prepare a Common Size Statement of Profit & Loss from the following Statements of Profit & Loss:

From the information given below, calculate any three of the following ratios:

1. Gross Profit Ratio.
2. Working Capital Turnover Ratio.
3. Debt to Equity Ratio.
4. Proprietary Ratio.

	₹
Revenue from Operations (Net Sales).	5,00,000
Cost of Revenue from Operations (Cost of Goods Sold).	3,00,000
Current Assets.	2,00,000
Current Liabilities.	1,40,000
Paid-up Share Capital.	2,50,000
13% Debentures.	1,00,000