Analysis of Financial Statements — Accountancy STD 12 Commerce — Question

X company issued ₹ 10,00,000 shares for subscription of ₹ 100 each at a premium of ₹ 20 per share payable as:
₹ 10 per share on application,
₹ 40 per share and ₹ 10 premium on allotment, and
₹ 50 per share and ₹ 10 premium on final payment.
Over-payments on application were to be applied towards amount due on allotment and over-payments on application exceeding amount due on allotment was to be returned. Issue was oversubscribed to the extent of 13,000 shares. Applicants for 12,000 shares were allotted only 1,000 shares and applicants for 2,000 shares were sent letters of regret. All the money due on allotment and final call was duly received.
Pass necessary entries in the company's books to record the above transactions. Also, prepare company's Balance Sheet on completion of the above transactions.

Janata Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a discount of 10%. The amount was payable as follows:
On Application - ₹ 2 per share
On Allotment - ₹ 3 per share
On First and Final call - balance amount
The issue was undersubscribed to the extent of 20,000 shares. Shares were allotted to all the applicants. All calls were made and were duly received. ‘A’ to whom
1,500 shares were allotted, failed to pay allotment and call money and ‘B’ to whom 1,200 shares were allotted paid the full amount due at the time of allotment. The shares on which allotment and call money was not received were forfeited. The forfeited shares were re-issued at ₹ 8 per share fully paid up.
Pass necessary journal entries in the books of Janata Ltd. for the above transactions.

From the following calculate:

1. Current Ratio.
2. Working Capital Turnover Ratio.

	₹
Revenue from Operations.	1,50,000
Total Assets.	1,00,000
Shareholders' Funds.	60,000
Non-current Liabilities.	20,000
Non-current Assets.	50,000

Following information is given to you:

Trade Receivables on 1st April, 2017	₹ 6,80,000
Trade Receivables on 31st March, 2018	₹ 8,20,000
Trade Receivables Turnover Ratio	6 times
Credit Revenue from Operations	80% of Revenue from Operations
Working Capital Turnover Ratio	9 times
Current Ratio	2.25

Calculate:

1. Revenue from Operations.
2. Working Capital.
3. Current Assets.

On October 1, 2018 X Ltd. offered 1,00,000 shares of ₹ 10 each payable as follows :

On Application	₹ 3 per share
On Allotment (November 1, 2016)	₹ 2 per share
On First Call (December 1, 2016)	₹ 3 per share
On Second and Final Call (One month after first call)	₹ 2 per share

Applications were received for 1,25,000 shares on October 15, 2018. Applications for 1,20,000 shares were allotted 1,00,000 shares and the remaining applications were rejected.
Give journal entries assuming that all amounts have been received and the company maintains a combined account for application and allotment.

Jeevan Dhara Ltd. invited applications for issuing 1,20,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share.
The amount was payable as follow:

On Application	-	₹ 2 per share,
On Allotment	-	₹ 5 per share (including premium),
On First and Final call	-	Balance

Applications for 1,50,000 shares were received. Shares were allotted to all the applicants on pro rata basis. Excess money received on applications was adjusted towards sums due on allotment. All calls were made. Manu who had applied for 3,000 shares failed to pay the amount due on allotment and first and final call. Madhur who was allotted 2,400 shares failed to pay the first and final call. Shares of both Manu and Madhur were forfeited. The forfeited shares were reissued at ₹ 9 per share as fully paid-up.
Pass necessary journal entries for the above transactions in the books of Jeevan Dhara Ltd.

From the following Balance Sheets of Vijaya Ltd. as on 31-3-2009 and 31-3-2010 prepare a Cash Flow Statement.Additional Information:

1. Depreciation on Fixed Assets for the year 2009-2010 was ₹ 14,700.
2. An interim dividend ₹ 7,000 has been paid to the shareholders during the year.

Under which head following revenue items of a financial company will be classified or shown:

1. Gain (Profit) on Sale of Building.
2. Revenue from Project Consultancy Rendered.
3. Sale of Scrap.
4. Interest earned on Loans.
5. Gain (Profit) on Sale of Investments?

Closing Trade Receivables ₹ 1,00,000; Cash Sales being 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables ₹ 40,000; Revenue from Operations, i.e., Net Sales ₹ 6,00,000. Calculate Trade Receivables Turnover Ratio.

From the following Balance Sheets of B.C.R. Ltd. as at 31-3-2018 and 31-3-2017 prepare a Cash Flow Statement:
Notes:

Additional Information:
Proposed Dividend for the year ended 31st March 2018 was 12% and for the year ended 31st March, 2017 was 10%. During the year Equipment costing ₹ 1,00,000 was purchased. Loss on sale of Equipment amounted to ₹ 12,000. ₹ 18,000 depreciation was charged on Equipment.