Cash Flow Statement — Accountancy STD 12 Commerce — Question

Shyam Ltd invited applications for issuing 80,000 Equity Shares of ₹ 10 each at a premium of ₹ 40 per share. The amount was payable as follows: Applications for 77,000 shares were received. Shares were allotted to all the applicants. Sundram to whom 7,000 shares were allotted failed to pay the allotment money. His shares were forfeited immediately after allotment. Afterwards the first and final call was made. Satyam the holder of 500 shares failed to pay the first and final call. His shares were also forfeited. Out of the forfeited shares 1,000 shares were re-issued at ₹ 50 per share fully paid up. The re-issued shares included all the shares of Satyam.
Pass necessary Journal Entries for the above transactions in the books of Shyam Ltd.

Kanpur Gas Ltd. issued 40,000 equity shares of ₹ 10 each at a premium of ₹ 1 per share. Amounts were payable as follows:

1. ₹ 2.50 on Application;
2. ₹ 4.50 on Allotment (including premium);
3. ₹ 2 on First Call and
4. ₹ 2 on Final Call.

Applications were received for 37,000 shares.
Give Journal Entries assuming that all sums have been received on due dates.

From the following Balance Sheets of Samta Ltd. as at 31.3.2018 and 31.3.2017 prepare a Cash Flow Statement:
Additional Information:

1.	Contingent Liability:	31.3.2018	31.3.2017
		₹	₹
	Proposed Dividend	2,00,000	1,00,000
2.	During the year ₹ 80,000 depreciation was charged on fixed tangible assets.
3.	A piece of machinery included in fixed tangible assets costing ₹ 20,000 on which depreciation charged was ₹ 8,000, was sold fort ₹ 10,000.

Prepare a Cash-Flow Statement from the following Balance Sheets of Nilgiri Tea Ltd.
Notes: Interest paid on debentures amounted to ₹ 9,000.

The following is the Balance Sheet of Arvind Mills Ltd. as at 31st March, 2018: Note:

		₹
(a)	Net Revenue from Operations	30,00,000
(b)	Cost of Revenue from Operations	25,80,000
(c)	Operating Exp.	2,20,000

You are required to calculate:

1. Quick Ratio.
2. Total Assets to Debt Ratio.
3. Current Ratio.
4. Gross Profit Ratio.
5. Operating Ratio.
6. Net Profit Ratio.

Better Prospect Ltd. acquired land costing ₹ 1,00,000 and in payment allotted 1,000 Equity Shares of ₹ 100 each as fully paid. Further, the company issued 4,000 Equity Shares to public. The shares were payable as: ₹ 30 on application; ₹ 30 on allotment; ₹ 40 on first and final call.
Applications were received for all shares which were allotted. All the money was received except the call on 200 shares.
Pass journal entries and prepare Balance Sheet of the company.

Iron Products Ltd. issued 5,000; 9% Debentures of ₹ 100 each at a premium of ₹ 40 payable as follows;

1. ₹ 40, including premium of ₹ 10 on applications.
2. ₹ 45, including premium of ₹ 15 on allotment.
3. Balance as first and final call.

The issue was subscribed and allotment made. Calls were made and due amount was received.
Pass Journal entries.

Following particulars are given to you:

Calculate (i) Debt Equity Ratio, (ii) Total Assets to Debt Ratio and (iii) Proprietary Ratio.

From the above Common-size Balance Sheet as at 31st March, 2018, compute current Ratio, Quick Ratio, Total Assets to Debt Ratio, and Dept to Equity Ratio.

From the following Balance Sheets of Enclotek Ltd. as at 31st March and the additional information provided, calculate:

1. Cash from 'Operating Activities'
2. Cash from 'Financing Activities':

Notes:

Additional Information:

1. Depreciation provided on Fixed Assets ₹ 60,000.
2. Preference shares were redeemed at a premium of 5% on 31st March, 2018.
3. Additional debentures were issued on 1st October, 2017.
4. Proposed dividend on equity share capital for previous year ended 31st March, 2017 was paid @ 8%.