Cash Flow Statement — Accountancy STD 12 Commerce — Question

Govind Ltd., issued a prospectus inviting applications for 20,000 shares of ₹ 10 each at a premium of ₹ 3 per share, payable as to ₹ 4 on application; ₹ 5 on allotment (including premium); ₹ 2 on First call; and ₹ 2 on Final call.
Applications were received for 27,000 shares. Directors allotted the shares as follows:

To applicants of 16,000 shares	full allotment
To applicants of 6,000 shares	4,000 shares
To applicants of 5,000 shares	Nil

Give entries in the Cash Book and Journal, assuming that all sums due on allotment and calls have been received.

Kamal Ltd. was formed on 1st April, 2010 with an authorised capital of ₹ 2,00,000, divided into 2,000 Equity Shares of ₹ 100 each. 1,000 shares were issued as fully paid to the vendors of building for payment of the purchase consideration. The remaining 1,000 shares were offered or public subscription at a premium of ₹ 5 per share payable as:

On application	₹ 10 per share,
On allotment	₹ 25 per share(including premium),
On first call	₹ 40 per share,
On final call	₹ 30 per share.

Applications were received for 900 shares which were duly allotted and the allotment money was received in full. At the time of the first call, a shareholder who held 100 shares failed to pay the first call money and his shares were forfeited. These shares were reissued @ ₹ 60 per share, ₹ 70 per share paid-up.
Final call has not been made.
You are required to,

1. Give necessary journal entries to record the above transactions.
2. Show how share capital would appear in the Balance Sheet of the company.

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.

Following are the Balance Sheets of X Ltd. Notes:

Additional Information:

1. A piece of machinery was sold for ₹ 8,000 during the year 2018. Its original cost was ₹ 20,000 and depreciation of ₹ 15,000 has been provided on it.
2. Non-Current Investments were sold at a loss of 40%.
3. Land was sold for ₹ 1,50,000
4. Interest paid on public deposits amounted to ₹ 6,000.

You are required to prepare Cash-Flow Statement.

Convert the following statement of profit and loss into common size statement of profit and loss:

Following information is given to you:


Notes:

On the basis of the informations given above, calculate any two of the following ratios:

1. Liquid Ratio.
2. Inventory Turnover Ratio.
3. Debt Equity Ratio.

Under which major head of Statement of Profit and Loss the following items will be shown:

1. Consumption of Loose Tools.
2. Sale of Services.
3. Trade Marks written off.
4. Trade Payables written off.
5. Canteen Expenses.
6. Purchase of Stock in Trade.
7. Courier Charges.
8. Revenue from Project Consultancy.
9. Computer Hiring Charges.
10. Commitment Charges.

Prepare a Cash-Flow Statement from the information given below:

Calculate (i) Debt Equity Ratio, (ii) Proprietary Ratio and (iii) Total Assets to Debt Ratio from the following information:

On the basis of the following information, calculate:

1. Debt to Equity Ratio.
2. Working Capital Turnuover ratio.

Information		₹
Revenue from operation:	a. Cash Sales b. Credit Sales	40,00,000 20,00,000
Cost of Goods Sold.		35,00,000
Other Current Assets.		8,00,000
Current Liabilities.		4,00,000
Paid-up Share Capital.		17,00,000
6% Debentures		3,00,000
9% Loan from Bank.		7,00,000
Debntures Redemption Reserve.		3,00,000
Closing Inventory.		1,00,000