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Write a note of 'Debentures issued at a discount'.
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From the following information of ‘I’ Ltd. calculate current ratio and liquid ratio.
→| Particulars | Amt.(₹) | Particulars | Amt. (₹) |
| Cash and Cash equivalent | $1,80,000$ | Creditors | $2,00,000$ |
| Debtors | $1,20,000$ | Bills Payables | $1,00,000$ |
| Bill receivables | $60,000$ | Outstanding expenses | $80,000$ |
| Stock | $1,40,000$ | Taxation Provision | $80,000$ |
| Current Investments | $1,00,000$ |
Determine the value of goodwill based on $5$ years purchase of last $4$ years average profit, from the following information of a partnership firm of Nilesh and Nikunj :
→| Year | Profit/Loss $(₹)$ |
| $2012-18$ | $1,00,000$ |
| $2013-19$ | $1,20,000$ |
| $2014-20$ | $(40,000)$ |
| $2015-21$ | $60,000$ |
$(1)$ Prepare a statement of cash flows from operations based on the following details of India Company:
→| particuls | $₹$ |
| Profit before changes in working capital | $4,95,000$ |
| Increase in debtors | $75,000$ |
| Decrease in accounts receivable | $40,000$ |
| Decrease in stock | $30,000$ |
| Increase in prepaid expenses Decrease in payable $($increase$)$ creditors | $25,000$ |
| Increase in prepaid expenses Decrease in payable $($increase$)$ creditors | $15,000$ |
| Increase in prepaid expenses Decrease in payable $($increase$)$ creditors | $20,000$ |
From the following information of Akshat Ltd. calculate operating ratio and operating profit ratio :
Calculate stock turnover ratio from the following information of ‘Yash’ company Ltd.
→| Particulars | Amount (₹) |
| Opening stock | $2,00,000$ |
| Sales | $40,00,000$ |
| Purchase expenses | $1,00,000$ |
| Closing stock | $1,50,000$ |
| Purchases | $22,00,000$ |
| Wages | $2,50,000$ |
From the following information of Anant Co. Ltd. calculate the creditors turn over, payment period in days, weeks and months :
Balance sheets of Sunrise Ltd. as on $31-3-2018$ and $31-3-2019$ are as follows. From it prepare comparative statement :
→Riya, Dilip and Kirtan are partners of a partnership firm. The share of Kirtan is $\frac{1}{5}$ th of share of Dilip and share of Riya is double of share of Kirtan. Determine the amount of profit of each partner, if the profit of the firm at the end of the year was $₹ 1,92,000$.
→Sharda, Jamna and Ganesh are the partners of a firm. On $1-4-2016$ their capital was $Rs. 72,000, Rs. 48,000$ and $Rs. 24,000$ respectively.
As per the partnership deed :
$(1)5 \%$ per annum interest is payable on the opening capital of partners.
$(2)8 \%$ per annum interest will be charged on drawings.
$(3)$ Monthly salary of $Rs. 700$ is payable to Sharda.
$(4)$ Half profit will be distributed amongst the partners in equal proportion and the remaining half profit in the proportion of their opening capital.
On $31-12-2016$ Ganesh has withdrawn $Rs. 6000$ from the firm for his personal use. Profit of the firm for the year ending on $31-3-2017$ after charging interest on drawings but before consideration of the above-mentioned adjustment was $Rs. 81,600.$ Before the distribution of the profit to the partners but after consideration of the above-mentioned adjustments from the surplus of profit $20 \% ($but not less than $Rs. 18,000)$ are to be transferred to the general reserve. From the above information for the year ending on $31-3-2017,$ prepare profit-loss appropriation account and partners' capital accounts.
→As per the partnership deed :
$(1)5 \%$ per annum interest is payable on the opening capital of partners.
$(2)8 \%$ per annum interest will be charged on drawings.
$(3)$ Monthly salary of $Rs. 700$ is payable to Sharda.
$(4)$ Half profit will be distributed amongst the partners in equal proportion and the remaining half profit in the proportion of their opening capital.
On $31-12-2016$ Ganesh has withdrawn $Rs. 6000$ from the firm for his personal use. Profit of the firm for the year ending on $31-3-2017$ after charging interest on drawings but before consideration of the above-mentioned adjustment was $Rs. 81,600.$ Before the distribution of the profit to the partners but after consideration of the above-mentioned adjustments from the surplus of profit $20 \% ($but not less than $Rs. 18,000)$ are to be transferred to the general reserve. From the above information for the year ending on $31-3-2017,$ prepare profit-loss appropriation account and partners' capital accounts.
From the following information of Mina Ltd. calculate the stock turn over ratio :
Purchases $₹ 19,20,000$ Sales $₹ 51,60,000$
Sales—return $₹ 3,60,000$ Gross profit rate $40 \%$
Closing stock $₹ 2,68,000$ Opening stock $₹ 3,72,000$
Current assets $₹ 22,75,000$ Current liabilities $₹ 16,35,000$
→Purchases $₹ 19,20,000$ Sales $₹ 51,60,000$
Sales—return $₹ 3,60,000$ Gross profit rate $40 \%$
Closing stock $₹ 2,68,000$ Opening stock $₹ 3,72,000$
Current assets $₹ 22,75,000$ Current liabilities $₹ 16,35,000$