Financial Statement Of a Company — Accountancy STD 12 Commerce — Question

Vijay Laxmi Ltd. invited applications for 10,000; 12% Debentures of ₹ 100 each at a premium of ₹ 70 per debenture. The full amount was payable on application.
Applications were received for 13,500 debentures. Applications for 3,500 debentures were rejected and application money was refunded. Debentures were allotted to the remaining applications.
Pass necessary journal entries in the books of vijay Laxmi Ltd. for the above transaction.

Winona Ltd. issued ₹ 80,000, 11% debentures of ₹ 100 each at a premium of 5% redeemable at a premium of 10%.

NK Ltd., a truck manufacturing company, is registered with an authorised capital of ₹ 1,00,00,000 divided into equity shares of ₹ 100 each. The subscribed and paid up capital of the company is ₹ 50,00,000. The company decided to open technical schools in the Jhalawar district of Rajasthan to train the specially abled children of the area. It is planning to provide them employment in its various production units and industries in the neighbourhood area.
To meet the capital expenditure requirements of the project, the company offered 20,000 shares to the public for subscription. The shares were fully subscribed and paid.
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 wants to communicate.

Calculate following ratios from the following information:

1. Current ratio
2. Acid test ratio
3. Operating Ratio
4. Gross Profit Ratio

Current Assets	₹ 35,000
Current Liabilities	₹ 17,500
Inventory	₹ 15,000
Operating Expenses	₹ 20,000
Revenue from Operations	₹ 60,000
Cost of Goods Sold	₹ 30,000

Explain the major Cash Inflows and outflows from financing activities.

R.Ltd. offered 20,00,000, 10% Debenture of ₹ 200 each at a discount of 7% redeemable at premium of 8% after 9 years. Record necessary entries in the books of R. Ltd.

From the given notes to accounts and cash flow statement of Water Purifier Ltd. complete the missing figures:
Notes to Accounts:

Additional Information:

1. Depreciation charged on plant & Machinery for the year 2017-18 was ₹ 1,75,000. During the year 2017-18, Plant and Machinery of ₹ 7,25,000 was purchased.
2. Interest on Mortgage Loan paid during the year amounted to ₹ 35,000.
3. Interim Divident paid during the year ₹ 44,000.

Gagan Ltd. is registered with an authorised capital of ₹ 15,00,00,000 divided into 1,50,00,000 equity shares of ₹ 10 each. Subscribed and fully paid up share capital of the company was ₹ 5,00,00,000. For providing employment to the local youth and for the development of rural areas of Jharkhand State, the company decided to set up a food processing unit in Hazaribagh. The company also decided to set up skill development centres at Ranchi, Hazaribagh and Ramgarh. To meet its new financial requirements the company decided to issue 2,00,000 equity shares of ₹ 10 each and 2000, 12% debentures of ₹ 1,000 each. The issue of shares and debentures was fully subscribed. A shareholder holding 500 shares failed to pay the final call of ₹ 3 per share.
Show 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 wants to propagate.

Following is the Balance Sheet of Title Machine Ltd. as on March 31, 2006.

Calculate Current Ratio and Liquid Ratio.

Deepak Ltd. purchased furniture for ₹ 2,20,000 from M/s Furniture Mart. 50% of the amount was paid to Furniture Mart by accepting a bill of exchange and for the balance the company issued 9% debentures of ₹ 100 each at a premium of 10% in favour of Furniture Mart.
Pass necessary journal entries in the books of Deepak Ltd. for the above transactions.