Ratio Analysis — Accountancy STD 12 — Question

Lakshmi was holding 50 hares of ₹ 10 each on which he paid ₹ 2 on application but could not pay ₹ 4 on the allotment and ₹ 2 on first call. Directors forfeited the shares after the first call. Give journal entry for recording the forfeiture of shares.

State the differences between preference shares and equity shares.

What is F – 11 Company Feature contents?

From the following details, calculate credit purchases.

Particulars	₹
Opening creditors	1,70,000
Purchase returns	20,000
Cash paid to creditors	4,50,00
Closing creditors	1,90,000

State any three advantages of ratio analysis.

From the following information calculate the capital gearing ratio:

Balance Sheet (Extract) as on 31.03.2018
Particulars	Amount ₹
I. EQUITY AND LIABILITIES
1. Shareholders Funds
(a) Share capital
Equity share capital	4,00,000
5% Preference share capital	1,00,000
(b) Reserves and surplus
General reserve	2,50,000
Surplus	1,50,000
2. Non-current Liabilities
Long-term borrowings (6% Debentures)	3,00,000
3. Current liabilities
Trade payables	1,20,000
provision for tax	30,000
Total	13,50,000

Calculate quick ratio: Total current liabilities ₹ 2,40,000; total current assets ₹ 4,50,000; Inventories ₹ 70,000; Prepaid Expenses ₹ 20,000

Calculate gross profit ratio form the following: Revenue from operations ₹ 2,50,000, Cost of revenue from operation ₹ 2,10,000 and Purchases ₹ 1,80,000.