Common Size Statements — Accountancy STD 12 Commerce — Question

Calculate Operating Profit Ratio and Operating Ratio from the following:
Cash Revenue from Operations ₹ 2,00,000; Credit Revenue from Operations ₹ 1,30,000; Revenue from Operations Return (Sales Return) ₹ 10,000; Cost of Revenue from Operations ₹ 1,80,000; Office and Administration Expenses ₹ 40,000; Selling Expenses ₹ 36,000; Interest on Debentures ₹ 23,000.

Alfa Ltd. invited applications for issuing 75,000 equity shares of ₹ 10 each. The amount was payable as follows:
On application and allotment – ₹ 4 per share.
On first call – ₹ 3 per share
On second and final call – balance.
Applications for 1,00,000 shares were received. Shares were allotted to all the applicants on pro-rata basis and excess money received with applications was transferred towards sums due on first call. Vibha who was allotted 750 shares failed to pay the first call. Her shares were immediately forfeited. Afterwards the second call was made. The amount due on second call was also received except on 1000 shares, applied by Monika. Her shares were also forfeited. All the forfeited shares were reissued to Mohit for ₹ 9,000 as fully paid up.
Pass necessary journal entries in the books of Alfa Ltd. for the above transactions.

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.

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

Compute Current Ratio And Liquid Ratio.

Axis Ltd. has the following balances on 1st April 2013:

	₹
Statement of Profit & Loss	3,00,000
Debenture Redemption Reserve	5,00,000
General Reserve	7,00,000
Securities Premium Reserve	2,00,000

It earned a profit of ₹ 6,00,000 for the year ended 31st March 2014. It decided to transfer ₹ 3,00,000 towards General Reserve and ₹ 2,50,000 towards. Debenture Redemption Reserve.
Directors proposed a final dividend of ₹ 80,000.
Show how these items will appear in the Balance Sheet and notes to accounts.

From the following information related to Naveen Ltd., calculate (a) Return on Investment and (b) Total Assets to Debt Ratio:
Information: Fixed Assets ₹ 75,00,000; Current Assets ₹ 40,00,000; Current Liabilities ₹ 27,00,000; 12% Debentures ₹ 80,00,000 and Net Profit before Interest, Tax and Dividend ₹ 14,50,000.

Prepare a Comparative Statement of Profit & Loss from the following:

Interest on investments @ ₹ 2,00,000 and taxes payable @ 50%.

A company issued 20,000 equity shares of ₹ 10 each payable ₹ 3 on application, ₹ 3 on allotment, ₹ 2 on first call and ₹ 2 on second and the final call. The allotment money was payable on or before May 01, 2015; first call money on or before August Ist, 2015; and the second and final call on or before October Ist, 2015; ‘X’, whom 1,000 shares were allotted, did not pay the allotment and call money; ‘Y’, an allottee of 600 shares, did not pay the two calls; and ‘Z’, whom 400 shares were allotted, did not pay the final call. Pass journal entries and prepare the balance sheet of the company.

From the following Balance Sheet of Kumar Ltd. as at 31st March, 2018, prepare Cash Flow Statement: Notes to Accounts:
Additional Information:

1. During the year, a machinery costing ₹ 20,000 was sold for ₹ 6,000.
2. Dividend paid during the year ₹ 50,000.

From the following information, prepare Comparative Statement of Profit and Loss: