Common Size Statements — Accountancy STD 12 Commerce — Question

Prepare a comparative Statement of Profit of Varun Ltd. with the help of the following information:

State who may be interested in the analysis of financial statements and Why?

Following is the Balance Sheet of Crescent Chemical Works Limited as at 31st March, 2018:

Compute Current Ratio And Liquid Ratio.

X Ltd. took a loan of ₹ 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of ₹ 100 each as a collateral security for the same. Show how these items will be presented in the Balance Sheet of the company.

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

From the following information:

Calculate any three of the following:

1. Operating ratio.
2. Inventory turnover ratio.
3. Return on Capital Employed.
4. Liquid Ratio.

X Ltd. invited applications for 40,000 shares of ₹ 10 each at 5% premium, payable as ₹ 3 on application, ₹ 3.50 on allotment (including premium) and balance on first and final call. Applications were received for 90,000 shares and allotment was made on pro-rata basis. The excess money received on application was to be adjusted against allotment only. A shareholder, who applied for 4,500 shares, could not pay the call money and his shares were accordingly forfeited.
Pass necessary journal entries and show the items in company's Balance Sheet.

From the following information, prepare cash flow statement:
Additional Information: Depreciation charged on plant amount to ₹ 80,000.

XYZ Ltd. invited applications for issuing 50,000 Equity Shares of ₹ 10 each. The amount was payable as:

On Application	-	₹ 3 per share,
On Allotment	-	₹ 4 per share,
On First Call and Final Call	-	₹ 3 per share,

Applications were received for 75,000 shares and pro rata allotment was made as: Ramu, to whom 1,200 shares were allotted out of the group applying for 40,000 shares, failed to pay the allotment money. His shares were forfeited immediately after allotment.
Shamu, who had applied for 700 shares out of the group applying for 35,000 shares, failed to pay the first and final call. His shares were also forfeited. Out of the forfeited shares, 1,000 shares were reissued @ ₹ 8 per share as fully paid-up. The reissued shares included all the forfeited shares of Shamu.
Pass necessary Journal entries to record the above transactions.