Common Size Statements — Accountancy STD 12 Commerce — Question

Explain briefly the meaning and significance of any two of the following ratios:

1. Debt-Equity Ratio.
2. Operating Ratio.
3. Trade Receivables Turnover Ratio.

A Ltd. company with registered capital of ₹ 5,00,000 in shares of ₹ 10 each issued 20,000 of such shares payable ₹ 2 on application, ₹ 4 on allotment, ₹ 2 on final call. All the money payable on allotment was duly received but on the first call being made, one shareholder paid the entire balance on his holding of 300 shares and five shareholders with a total holding of 1,000 shares failed to pay their dues on the first call. These shares were forfeited for non-payment of first call money. Final call was made and all the money due was received. Later on, forfeited shares were reissued @ ₹ 6 per share as fully paid-up.
Record the above in the company's journal and prepare the Balance Sheet.

From the following Balance Sheets of Vijaya Ltd. as at 31.3.2018 and 31.3.2017 prepare a Cash Flow Statement.
Note:
Additional Information:

1. Depreciation on Fixed Assets for the year 2017-2018 was ₹ 14,700.
2. An interim dividend ₹ 1,000 has been paid to the shareholders during the year

The following balances appeared in the books of Z. Ltd. on April 01, 2016

	₹
12% Debentures	1,50,000
Debentures Redemption Fund	1,25,000
Debentures Redemption Fund Investment	1,25,000
(Represented by ₹ 1,47,500, 3% Govt. Securities)	1,25,000

The annual instalment added to the fund is ₹ 20,575. On March 31, 2017, the Bank balance after the receipt of interest on the investment was ₹ 39,100. On that date, all the investments were sold at 83 per cent and the debentures were duly redeemed.
Show the necessary ledger accounts for the year 2016–17.

From the following Balance Sheet of CPT Ltd. as at 31st March, 2018, Prepare a Comparative Balance Sheet and also compute debt to Equity Ratio:

'BMY Ltd.' invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 10 per share. The amount was payable as follows: The issue was fully subscribed. A shareholder holding 300 shares paid the full share money with application. Another shareholder holding 200 shares failed to pay the allotment money. His shares were forfeited. Later on these shares were re-issued for ₹ 4,000 as fully paid up.
Pass necessary journal entries for the above transactions in the books of BMY Ltd.

ABC Ltd. is a leading manufacturing Company. Encouraged by the spurt in its profits, Company decided to give 15% interim dividend to the equity shareholders of the Company. Following is the comparative Statment of Profit and Loss of the Company:

You are required to:

1. Fill in the missing figures in the Comparative Statment of Profit & Loss.
2. Compute the Net Profit Ratio for both the years.
3. Identif y the values involved in paying the interim dividend.

Following is the Common-Size Statement of Profit and Loss:

You are required to:

1. Fill in the missing figures.
2. Compute the following ratios:

1. Operating Ratio.
2. Operating Profit Ratio.

Prepare Common Size Balance Sheet of Vishal Paper Ltd. from the following information:

Better Prospect Ltd. acquired land costing ₹ 1,00,000 and in payment allotted 1,000 Equity Shares of ₹ 100 each as fully paid. Further, the company issued 4,000 Equity Shares to public. The shares were payable as: ₹ 30 on application; ₹ 30 on allotment; ₹ 40 on first and final call.
Applications were received for all shares which were allotted. All the money was received except the call on 200 shares.
Pass journal entries and prepare Balance Sheet of the company.