Ans. 2. From the information given below you are required to calculate the cash paid for the inventory: Ans. 3. For each of the following transactions, calculate the resulting cash flow and state the nature of cash flow, viz., operating,…
Particulars ₹ Particulars ₹ Equity Share Capital Inventories Trade Receivables Advance Tax 8,00,000 1,00,000 1,20,000 24,000 Cash & Cash Equivalents Trade Payables Sort-term Borrowings (Bank Overdraft) 10% Investments 56,000 60,000 40,000 80,000 Solution:- Current ratio= Current assets / Current…
Solution – 2. Following are the Balance Sheets of Beta Ltd., as at March 31, 2016 and 2017. Prepare a Comparative Balance Sheet. Solution – 3. Prepare Comparative Statement of Profit and loss from the following information. Solution – Working…
Solution – 2. On April 1, 2017, Jumbo Ltd., issued 10,000; 12% debentures of Rs.100 each a discount of 20%, redeemable after 5 years. The company decided to write-off discount on issue of such debentures on March 31, 2018. Show…
Numerical Questions Solution:- Books of G. Ltd. Journal 2. Y. Ltd., issued 2,000, 6% Debenture on Rs.100 each payable as follows: RS.25 on application; Rs.50 on allotment and Rs.25 on first and final call. Solution:- Books of Y. Ltd. Journal…
Solution:- Books of Ashis Limited 2. The Adarsh control Device Ltd. Was registered with the authorized capital of Rs.3,00,000 divided into 30,000 shares of Rs.10 each, which offered to the public. Amount payable as Rs.3 per share on application, Rs.4…
The actual amount of realisation expenses amounted to Rs.3,000. Solution:- 2. Record necessary journal entries in the following cases: Solution:- Journal 3. There was an old computer which was written-off in the books of accounts in the previous year. The…
Solution:- Old Ratio of Aparna, Manisha and Sonia 3:2:1. Manisha retires New ratio of Aparna & Sonia = 3:2 Aparna gain = 3/5 – 3/6 = 18 -15 /30 = 3/30 Sonia gain = 2/5 – 1/6 …
Solution- Old profit sharing ratio of A and B = 3:2 C admitted for 1/6th share Remaining share would be shared by A and B their profit sharing ratio i.e. 3:2 A’s new share = 5/6 x 3/5 =…
Solution:- 2. Anubha and Kajal are partners of a firm sharing profits and losses in the ratio of 2:1. Their capital, were Rs.90,000 and Rs.60,000. The profit during the year were Rs.45,000. According to partnership deed, both partners are allowed…