Tools for Financial Analysis: Comparative Statements — Accountancy STD 12 Commerce — Question

From the following statement of profit and loss of star Ltd. for the year ended 31st march 2015 and 2016 prepare the commom size statement:

X Ltd. issued 2,000, 15% debentures of ₹ 100 each at Par, payable as follows: ₹ 25 on Application; ₹ 25 on Allotment and ₹ 50 on First and Final Call.
Applications were received for 3,000 debentures. Applications for 1,600 debentures were accepted in full. Applications for 600 debentures were allotted 400 debentures and the rest were rejected. All moneys due were received except final call on 100 debentures.
Pass necessary journal entries.

A company issued 10,000 shares of the value of ₹ 10 each, payable ₹ 3 on application, ₹ 3 on allotment and ₹ 4 on the first and final call. All amounts are duly received except the call money on 100 shares. These shares are subsequently forfeited by Directors and are resold as fully paid-up for ₹ 500.
Give necessary journal entries for the transactions.

'Ananya Ltd.' had an authorised capital of ₹ 10,00,00,000 divided into 10,00,000 equity shares of ₹ 100 each. The company had already issued 2,00,000 shares. The dividend paid per share for the year ended 31st March, 2007 was ₹ 30. The management decided to export its products to African countries. To meet the requirements of additional funds, the finance manager put up the following three alternate proposals before the Board of Directors:

1. Issue 47,500 equity shares at a premium of ₹ 100 per share.
2. Obtain a long-term loan from bank which was available at 12% per annum.
3. Issue 9% Debentures at a discount of 5%.

After evaluating these alternatives, the company decided to issue 1,00,000, 9% Debentures on 1st April, 2008. The face value of each debentures was ₹ 100. These debentures were redeemable in four instalments starting from the end of third year, which were as follows:

Year	III	IV	V	VI
Amount (₹)	10,00,000	20,00,000	30,00,000	40,00,000

Prepare 9% Debenture Account form 1st April, 2008 till all the debentures were redeemed.

Briefly explain the meaning and significance of any two of the following Ratios:

1. Debt-Equity Ratio.
2. Inventory Turnover Ratio.
3. Tarde Receivables Turnover Ratio.

From the following Balance sheet of Depth Ltd as at 31 march, 2018, prepare comparative Balance sheet:

Following is the Financial Statement of Garima Ltd., prepare cash flow statement.
Notes to accounts:
Additional Information.

1. Interest paid on Debenture ₹ 600
2. Dividend paid during the year ₹ 4,000
3. Depreciation charged during the year ₹ 32,000

KS Ltd. invited applications for issuing 1,60,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount was payable as follows:
On Application4 per share (including premium ₹ 1 per share)
On Allotment6 per share (including premium ₹ 3 per share)
One First and Final Call – Balance.
Applications for ₹ 3,20,000 shares were received. Applications for ₹ 80,000 share were rejected and application money refunded. Shares were allotted on pro-rata basis to the remaining applicants. Excess money received with applications was adjusted towards sums due on allotment. Jain holding 800 shares failed to pay the allotment money. His shares were forfeited immediately after allotment. Afterwardsthe final call was made. Gupta who had applied for 1200 shares failed to pay the final call. This shares were also forfeited. Out of the forfeited shares 1000 shares were re-issued at ₹ 8 per share fully paid up. The re-issued shares included all the forfeited shares of Jain.
Pass necessary journal entries for the above transactions in the books of KS Ltd.

X Ltd. offered 25,000 shares of ₹ 100 each payable as ₹ 25 on application, ₹ 20 on allotment, ₹ 30 on first call and the balance on final call.
Applications were received for 40,000 shares out of which shares were allotted to the applicants for 35,000 shares on a pro-rata basis. All shareholders paid the allotment money excepting Mr. Gopal who was allotted 500 shares. These shares were forfeited immediately. The first call was made thereafter. The forfeited shares were re-issued @ ₹ 78 per share ₹ 75 paid up. The final call was not made.
Prepare Cash Book and pass journal entries.