Accounting for Share Capital — Accountancy STD 12 Commerce — Question

(Forfeiture and Reissue of shares).
Complete the following Journal entries:

From the following information, calculate value of Opening Inventory:

		₹
Car Closing Inventory.	=	68,000
Total Sales	=	4,80,000 (including Cash Sales ₹ 1,20,000)
Purchases.	=	3,60,000 (including Credit Purchases ₹ 2,39,200)

Goods are sold at a profit of 25% on cost.

From the following particulars extracted from P&L A/c of Prashanth Ltd., you are required to calculate trend percentages

Calculate Cash Flow from Investing Activities from the following information:

Particulars	31st March, 2018 ₹	31st March, 2017 ₹
Investments in Land Shares in Z Ltd. 12% Long-term Investments Plant and Machinery Patents Goodwill	3,00,000 1,50,000 80,000 7,50,000 70,000 1,50,000	3,00,000 1,50,000 50,000 6,00,000 1,00,000 1,00,000

Additional Information:

1. A plece of land was purchased as an investment out of surplus. It was let out for commercial purpose and the rent received was ₹ 20,000.
2. Dividend received from Z Ltd. @ 12%.
3. Patents written off to the extent of 20,000. Some patents were sold at a profit of ₹ 10,000.
4. A machine costing ₹ 80,000 (depreciation provided thereon ₹ 30,000) was sold for ₹ 35,000. Depreciation charged during the year was ₹ 70,000.
5. During the year 12% investments were purchased for ₹ 1,00,000 and some investments were sold at a profit of ₹ 10,000. Interest on investments for the year was duly received.

Explain the different terms for the issue of debentures with reference to their redemption.

From the following, ascertain Debt-Equity Ratio and Proprietary Ratio:

X Ltd. purchased assets of ₹ 8,40,000 and purchase consideration was paid by the issue of debentures at 5% Premium. Pass Journal entry.

From the following, ascertain Debt-Equity Ratio and Proprietary Ratio:

Following information is related to ABC Ltd.: Notes to Account:

Other Informatiom:	Balance as on 31st march, 2018 (₹)	Balance as on 31st march, 2017 (₹)
Trade paybles	2,78,000	2,50,000
Trade receivables	4,52,000	4,15,000
inventories	3,00,000	2,84,000
Office expenses Outstanding.	-	5,000
Selling expenses Outstanding.	25,000	22,000

From the following data, calculate Inventory Turnover Ratio:
Total Revenue from Operations (Total Sales) ₹ 4,00,000; Revenue from Operations Returns (Sales Returns) ₹ 34,000; Gross Profit ₹ 80,000; Closing Inventory ₹ 52,000; Excess of Closing Inventory over Opening Inventory ₹ 16,000.