Cash Flow Statement — Accountancy STD 12 Commerce — Question

From the following Balance Sheet of Kumar Ltd. as at 31st March, 2018, prepare Cash Flow Statement: Notes to Accounts:
Additional Information:

1. During the year, a machinery costing ₹ 20,000 was sold for ₹ 6,000.
2. Dividend paid during the year ₹ 50,000.

On 31st March, 2016, W Ltd. had the following balances in its books:

	₹
9% Debentures.	6,00,000
Debentures Redemption Reserve.	50,000
Surplus,i.e., Balance in Statement of Profit and Loss.	3,00,000

On that date, the company decided to transfer ₹ 1,00,000 to Debentures Redemption Reserve. It also decided to redeem debentures of ₹ 3,00,000 on 30th June, 2016. Pass necessary journal entries in the books of the company.

New Company Ltd. has a nominal capital of ₹ 2,50,000 in shares of ₹ 10. Of these, 4,000 shares were issued as fully paid in payment of building purchased, 8,000 shares were subscribed by the public and during the first year ₹ 5 per share were called-up, payable ₹ 2 on application, ₹ 1 on allotment, ₹ 1 on first call and ₹ 1 on second call. The amounts received in respect of these shares were:

On 6,000 shares	Full amount called,
On 1,250 shares	₹ 4 per share,
On 500 shares	₹ 3 per share,
On 250 shares	₹ 2 per share.

The Directors forfeited the 750 shares on which less than ₹ 4 had been paid. The shares were subsequently reissued at ₹ 3 per share.
Pass journal entries recording the above transactions and prepare the company's Balance Sheet.

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.

Following information is available for the year ending 31st March, 2018. Calculate gross profit ratio:

Prepare a Cash-Flow Statement from the following Balance Sheets of Garden Honey Ltd.
Notes: Debentures were redeemed on 1st April, 2017

R.P. Ltd decided to set up a manufacturing unit in the rural area of Jharkhand, where people have very few job opportunities. Following is the Comparative Balance Sheet of the Company:
You are required to:

1. Fill in the missing figures in the Comparative Balance Sheet.
2. Compute the Debt Equity Ratio for both the years.
3. Identify the value involved.

R.K. Ltd. invited applications for issuing 70,000 Equity Shares off ₹ 10 each at a premium of ₹ 35 per share. The amount was payable as follows:

On Application	₹ 15 (including ₹ 12 premium)
On Allotment	₹ 10 (including ₹ 8 premium)
On First and Final Call	Balance

Applications for 65,000 shares were received and allotment was made to all the applicants. A shareholder, Ram, who was allotted 2,000 shares, failed to pay the allotment money. His shares were forfeited immediately after allotment Afterwards, the first and final call was made Sohan who had 3,000 shares failed to pay the first and final call. His shares were also forfeited. Out of the forfeited shares, 4,000 shares were re-issued at ₹ 50 per share fully paid up. The re-issued shares included all the shares of Ram.
Pass necessary journal entries for the above transactions in the books of R.K. Ltd.

Comment upon the short-term financial position of the Company on the basis of the following:
Goodwill ₹ 1,00,000; Sundry Debtors ₹ 2,50,000; Machinery ₹ 4,00,000; Inventory ₹ 5,00,000; Bills Payable ₹ 30,000; Sundry Creditors ₹ 4,20,000; Prepaid Expenses ₹ 25,000; Cash ₹ 40,000; Marketable Securities ₹ 80,000; Bills Receivable ₹ 30,000; Debentures ₹ 1,00,000; Expenses Payable ₹ 10,000; Live Stock ₹ 50,000; Patents ₹ 20,000 Provision for Taxation ₹ 40,000.

Raunak Ltd. is into the business of shoe manufacturing. On the occasion of its silver jubilee, it decided to distribute 1,000 shoe free of cost to the students belonging to economically weaker section of the socoety. Following is the Comparative Statement of Profit & Loss of the Company:
You are required to:

1. Fill in the missing figures in the Comparative Statement of Profit & Loss.
2. Compute Operating Ratio.
3. Identify the values involved.