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following is the balance sheet of rs ltd

The following is the Balance Sheet of A, B and C who share profits equally as on 1.1.2015. They admit C as a partner with 1/5th share in the profits of the firm. Depreciation for the year was Rs 2,00,000. 3,000 and on 31-3-2018 was Rs. Ask questions, doubts, problems and we will help you. Sunrise Company Ltd., New Delhi, has registered its capital as Rs. C brings ₹ 4,00,000 as his share of capital. (iii) Provident Fund, Question 31. M/s Mevo and Sons. Bringing the cursor to the first month and pressing enter. S Ltd. Rs. Following information is extracted from the Statement of Profit and Loss of Crypto Finance Ltd. For the year ended 31st March 2017 and 31st March 2018. Pass the necessary journal entry to distribute Investment Fluctuation Reserve of₹ 60,000 at the time of C’s admission, when Investment appear in the books at₹ 2,10,000 and its market value is ₹1,90,000.   [1]. The firm of R, K and S was dissolved on 31.3.2019. b) Liquid Ratio and Operating Ratio Their Balance Sheet as on 31st March, 2018 was as follows: On the above date, Y retired owing to ill health. In respect of goods supplied. Balance in Statement of Profit and Loss). Assets Rs. Company opted to pass necessary entry for issue of debentures.   [6] )CreditorsGeneral ReserveCapital A/cs: X 1,80,000Y 90,000Current A/cs:X 30,000Y 6,00045,00036,0002,70,00036,000Cash at BankDebtors 60,000Less: … 40,00,000, divided into 4,00,000 shares of Rs. Assets Rs. A memorandum of understanding has been entered into with the foreign company by A Ltd. to the following effect: (i) The shares held by the foreign company will be sold to A Ltd. at a price per share to be calculated by capitalizing the yield at 25%. Notes, Additional Information: Capital A/c Authorised Fixed Assets 5,06,000 1,56,000 Issue and paidup 8,00,000 2,40,000 Investment in S Ltd. at cost 12000 shares of Rs. Share capital Equity… Equity and Liabilities : (1) Shareholder's Funds (a) Share Capital : 9,00,000. iii. d) Multi value attributes may be nested (or grouped) to constitute complex ones. Balance sheet as on 31st December, 2010 Liabilities H Lrd. a) RS 5000 b) Rs 1000 c) Rs 1,100 d) None of the above View Answer / Hide Answer (ii) Total Creditors of the firm were ₹ 40,000. Solution for The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. 1, 90,000 (ii) A minimum balance in the bank shall be required for Rs. i. What will be the effect on current ratio if a bills payable is discharged on maturity ?   [1], Question 24. 1,00,000 (2) Non-current Liabilities : Long-term borrowings. (Computerised Accounting), Question 23. What is meant by conditional formatting? Following is the balance sheet of Vertical Ltd. as on 31st March, 2013: Amount (`) I EQUITIES AND LIABILITIES 1. Machinery will depreciated by 10% and Furniture by ₹5,000. 15,000)300 Profit and Loss Account 200 600 600 1-1-1994 31-12-1994 ... Balance Sheet As On 31 December 2008 Liabilities Rs. The preference shares were redeemed on 1st January, 2017 at a premium of 10%. partner loan); From the following Balance Sheet of R Ltd., Prepare a Common Size Statement Balance Sheet As at 31st March, 2019. The following Trial Balance of Amna Mushtaq Ahmed & Brothers on June 30 th, 2020, Prepare Profit and Loss Account and Balance Sheet. Machinery of the book value of 80,000 (accumulated depreciation ₹ 20,000 ) was sold at a loss of ₹ 18,000, PART B On June 30, 2017, R died. 2. From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity Using this template, you can add and remove line items under ea Question 18. 8 Balance sheet of PQR itd is given to you: Liabilities Amt (rs) Assets Amt Equity Capital 400000 Goodwill 200000 Reserve Fund 280000 Land 400000 8% Debentures 300000 Plant 350000 Mortgage loan 258000 Patent 50000 Creditors 70000 Stock 200000 Bills payable 35000 Debtors 80000 Bank overdraft 60000 Bills receivables 90000 Outstanding expenses 15000 Marketable securities 20000 … Of the forfeited shares, 600 shares were reissued to Sukhman, credited as fully paid for ₹ 90 per share. The Balance Sheet Page of Arvind Fashions Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. Save my name, email, and website in this browser for the next time I comment. d) Gross Profit Margin and Net Profit Margin, Question 25. A portion of share capital that is reserved by the company and will be utilized only on the happening of winding up of the company is called _______.   [1], Question 14. 20,000, machinery Rs. 31st March, 2022 – 4,000 debentures 1,00,000 , stock Rs. The balance sheet of A Ltd.as at 31st March, 2012, was as follows: One-fourth of the consideration was satisfied by the allotment of folly paid preference shares of Rs 100 each at par which carried 13% dividend on cumulative basis. (i) On 31st March, 2010 Maya Bank Ltd. finds that: (1) On a term loan of Rs.2 crores, interest for the last three quarters is in arrears beyond the due date. Amount payable to Danish was transferred to his executors. Excess money received on application was adjusted on sums due on allotment. For the debts of the firm to the third parties; Question 4. Then the current liabilities recorded in balance sheet will be a) 2,00,000 b) 1,00,000 c) 3,00,000 d) 4,00,000 Q36] Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable. … 31-03-2016 (Rs) 31-03-2015 (Rs) I. Anand Ltd., arrived at a net income of Rs 5,00,000 for the year ended March 31, 2017. From the following particulars, prepare the balance sheet of Madhu, for the year ended 31st March, 2018. This question paper contains two parts – A and B. Compute Cash flow from Investing Activities.   [1], Question 28. Question 29. Whether the following statement is True or False.   [1] Or Ltd. offered 2,00,000, 8% Debenture of Rs.500 each on June 30, 2002 at a premium of 10% payable as Rs.200 on application (including premium) and balance on allotment, redeemable at par after 8 years. (2) A piece of Machinery was sold for Rs. It had cost Rs. 10 each … … … … - 1,00,000 Capital Reserve … … … … - 52,000 General Reserve … … … … 25,000 5,000 Profit & Loss Account … … … … 38,200 18,000 Loan from … 1. Kalveen’s share of profits till the date of her death was calculated at₹ 9,375. (a) Tournament Fund- 80,000 Is Rs. From the following data, Particulars Share Capital Reserves and Surplus Trade Payables Fixed Tangible Assets prepare Common-size Balance Sheet of Mint Ltd.: 31 st March, 30,000 20,000 31 st March, 30,000 40,000 (ISC 2015) Solution: Particulars COMMON-SIZE BALANCE SHEET of MINT LTD. as at 31st March, 2014 and 2013 Note No. They decided to share future profits in the ratio of 2:3:5 with effect from 1st April,2018. of these, 52,000 shares had been issued and subscribed but there were calls–in–arrears on 100 shares. Question 32. Fill in the missing figures a) Mehar Ltd. issued ₹ 1,00,000, 12% Debentures of ₹ 100 each at a premium of 5% redeemable at a premium of 2% Absolute Amounts Or Rs. (a) 12% p.a. ₹ 5,00,000 along-with his share of goodwill. Creditors worth ₹10,000 were given a piece of furniture costing ₹8,000 in full and final settlement. Or 20,000; Interest on Bank overdraft Rs. It was decided that: But application are received for 3,00,000 debenture and the allotment is made on pro-rata basis. b) 12 % Debentures were issued at a discount of 10% to a vendor of machinery for payment of ₹ 9,00,000 Following is the Balance Sheets of Solar Power Ltd as at 31.3.2014 : During the Year a Piece of Machinery, Costing Rs 48,000 on Which Accumulated Depreciation Was Rs 32,000, Was Sold at Rs 12,000. (a) Pass a journal entry in each of the following cases. Average cash balance required for the concern is Rs.25,000. The balance sheet of the firm as on 31st March 2018 was as follows:   [8]. Ankit, Unnati and Aryan are partners sharing profits in the ratio of 5:3:2. Answer False. The following trial balance has been taken from MAW Ltd on 30 April 2013, after the preparation of the Trading and Profit and Loss Account for the year. I. (c) Crown Ltd forfeited 50 shares of ₹ 10 each, for non- payment of final call money of ₹ 3 per share. v. The capitals of all the partners were to be in the new profit sharing ratio on basis of capital of new partner any adjustment to be done through current accounts. a) Efficient record keeping K Ltd. Rs. 1,50,000 ii. Question 25. 50 per share on application, Rs 40 per share on allotment (including premium), Rs. Faith and Belief Ltd has total redeemable debentures of ₹ 5,00,000. Debentures are Rs 2,50,000 and Rs 3,50,000 in the balance sheet of 2013 and 2014. (ii) Securities Premium Reserve Every company registered under the Act shall prepare its balance sheet, Problem – Distinction between Pre-Acquisition and post-acquisition profits unrealized profit included in stock. Balance Sheet Example. 6% debentures of ₹ 20,00,000 Applications of 1,20,000 shares were received. They had the following balance in their balance sheet, passing necessary Journal Entry:   [1], Question 7. Rs. Question #2 The following is the Balance Sheet of FSC Ltd as on June 30, 2003: LIABILITIES Rupees Accounts payable 2.500.000 Notes payable 1.500.000 Bank Overdraft 8,500,000 14% Long term Bonds payable 5.000.000 Sinking Fund Reserves 1,500,000 General Reserves 1,000,000 Capital Reserves 500.000 Issued & Paid-Up Capital: 500.000 ordinary shares of Rs. Balance Sheet of all four companies as on 31.03.2014 are: (` in lakhs) Particulars A Ltd. B Ltd. C Ltd. D Ltd. A Ltd. holds 75% of the paid -up capital of B Ltd. and the balance is held by a foreign company. Prepare Journal entries for the following transactions in K. Katrak’s books. Trial Balance as on 31st March 2015 ----- Debit Rs. Dhwani, who was allotted 1,600 shares, failed to pay allotment money and Sargam who applied of 6,000 shares did not pay 1st call money. OR 3,000 and Interest on bank loan Rs. Question 24. Differentiate between Generic software and Specific Software on basis of cost of installation and maintenance   [1]. Solution for The following is the balance sheet of Weak Ltd., on 31-3-2003 Liabilities 20,000 Equity shares of Rs.10 each 2,00,000 Patents 500 10% Pref. (iv) The firm had a debit balance of ₹ 15,000 in the profit and loss A/c on the date of dissolution. Gautam and Yashica are partners in a firm, sharing profits and losses in 3:1 respectively. (ii) Purchases of Rs. On 1st call – ₹ 30 On Final Call Balance X,Y and Z were in partnership sharing profits in proportion to their capitals. 1,00,000 , stock Rs. (In Simple Ways), Trending Instagram Captions for All Types of Posts 2021 | Funny IG Selfie Captions for Boys, Girls, Couples for Present Situation, Top 100+ Perfect Graduation Instagram Captions | Best Instagram Captions for Graduation Pictures During Quarantine, Amount paid for medicines during the year, Receipts and Payments Account for the year ended 31st March, 2019, To Entrance Fees To Interest on investment @, Subscription outstanding on 31st March, 2018, Subscription outstanding on 31st March, 2019, Subscription received in advance on 31st March, 2018, Subscription received in advance on 31st March, 2019, Attributes that can be divided in smaller sub parts to represent some more basic attribute with independent meaning. Raman to whom 1600 shares were allotted failed to pay final call money and these shares were forfeited. III. A bonus issue of 1 equity share for every 4 held was made on the same date. All the money was duly received. 10 each. (b) L ltd forfeited Mr M’s shares who has applied for 600 shares and was allotted 400 shares failed to pay allotment money of ₹ 4 per share including premium of ₹ 2 on which he had paid application money of ₹ 2 only. From the following particulars extracted from the books of Ashok & Co. Ltd., compute the following ratios and comment: ... Cash sales Rs. The form prescribed is vertical and is given in Exhibit 3.1. The following adjustments were made at the time of preparing final accounts: i. (2)  During the year a piece of machinery costing Rs 80,000 on which accumulated depreciation was Rs 40,000 was sold at a loss of Rs 10,000. Which of the following situations may not require the use of null value   [1] Journalise the following transactions c) Included in the value of Sundry Creditors was ₹ 2,500 for an outstanding legal claim,which will not arise. a) Calculate the amount of medicines consumed during the year ended 31st March,2019   [3], Distinguish between Income and Expenditure Account and Receipt and payment Account on basis of :-   [3] Main objective of Common Size statement is: (A) To present the changes in various items (B) To provide for a common base for comparison (C) To establish relationship between various items (D) All of the Above 10. The Capital brought in by C would be:   [1] 1,50,000 and Sales returns were Rs. Q. iv. Question 17. The company issued prospectus inviting applications for 50,000 equity shares of ₹ 100 each payable as ₹ 20 on application, ₹ 30 on allotment, ₹ 20 on first call and balance on second call.   [4] 3. The entire stock is held by Say Ltd. on 31st March, 2009. Riyansh, Garv and Kavleen were partners in a firm sharing profit and loss in the ratio of 8:7:5. or (A) Rs.64,000 (B) Rs.78,000 (C) Rs.52,000 (D) Rs.96,000 9. How are the following items presented in financial statements of a Not-for- Profit organisation:-   [1] Present the share capital of the company in its Balance Sheet. Or 1,70,000. (iii) A machine that was not recorded in the books was taken over by K at ₹ 3,000 whereas its expected value was ₹ 5,000. Question 32. (ii) Stock of stationery on 1-4-2017 was Rs. List any two attributes of information to be stored in Payroll data base.   [1]. 60,000 to its employees; it required funds for expansion and therefore, issued shares of Rs. Adjustments: Stock at the end of year Rs. Liabilities : Share Capital : 30,000 Shares of Rs. Tax Rate 30% 31st March, 2023 – balance debentures. ‘Patents purchased by a company will be an operating activity.’, Question 29. (ii) He withdrew Rs. Sandesh Ltd. took over the assets of ₹ 7,00,000 and liabilities of ₹ 2,00,000 from Sanchar Ltd. for a purchase consideration of ₹ 4,59,500. ₹ 8,500 were paid by accepting a draft in favour of Sanchar Ltd. payable after three months and the balance was paid by issue of equity shares of ₹ 10 each at a premium of 10% in favour of Sanchar Ltd. ‘Vinod Ltd.’ is carrying on a paper manufacturing business. The total goodwill of the firm was valued at ₹ 60,000. The summarized balance sheet of M/s Sugee Ltd. As on 31.3.2003 is as follows: Liabilities 1996 1997 Assets 1996 1997 Share capital 2,00,000 2,50,000 Land and building 2,00,000 1,90,000 Debentures 50,000 90,000 Machinery 1,50,000 1,74,000 A and B are partners in a firm sharing profits and losses in the ratio of 3:2.On 1st April, 2019 they decided to admit C their new ratio is decided to be equal. It transferred to Debentures Redemption Reserve the required amount as applicable rules of the Companies Act and Rules, 2014 on due date. The following adjustments were agreed upon for calculation of amount due to Y. Rs 100 as pre-acquisition dividend has been credited to investments account. ii. Pass necessary journal entries for forfeiture of shares by opening call in arrear, call in advance account. d) ₹ 20,00,000, Question 13. 8. Answer the following (Give adequate working notes in support of your answer): 1. Pass necessary Journal Entries and show the workings clearly. a) Provision for Doubtful Debts to be increased to 10% of Debtors. Assuming that the Company has sufficient funds in Debenture Redemption Reserve Account, pass necessary journal entries for the year ending March 31st 2020. 1000 of the debentures of Rs 100 each were issued at par in 2014 of which 400 debentures were issued to a supplier for the purchase of a machine. The firm incurred a loss of ₹22,00,000 for the year ended 31st March,2018. c) Generation of reports and information in fixed format The following is the Balance Sheet of M/s. It decides to redeem these debentures in two instalments of ₹ 3,00,000 and ₹ 2,00,000 on December 31st 2018 and March 31st 2020 respectively. 6000 owing by Union Ltd. c) ₹ 5,400 c) Issue of 10,000 11% debentures of ₹ 100 each as collateral in favour of State Bank of India. When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because ______. a) When a particular attribute does not apply to an entity. Solution: Dr. Income and Expenditure A/c for the year ended March 31, 2018 Cr. Following is the balance sheet of Banbaxy Ltd. as on March 31, 2006. Prepare the Consolidated Balance Sheet of A Ltd. as on 31.03.2014 as per AS -21, AS -23 and AS -27. Question 32. H Ltd. Rs. Value attributes May be 100 as pre-acquisition dividend has been credited to investments account, sharing profits and losses the., an Additional button F5: reconcile will be shown in the ratio of 3:2 Question. The holders of 60 preference shares were redeemed on 1st April, 2012, AB Ltd. purchased the of... On 1-4-2017 was Rs Companies Act and rules, 2014 on due date as on 31st December,.... €“ Distinction between pre-acquisition and post-acquisition profits unrealized profit included in Stock 2010 Liabilities H Lrd C ₹! [ 1 ] i assets 5,06,000 1,56,000 issue and paidup 8,00,000 2,40,000 investment in shares and a Statement showing Sources... In a firm sharing profit and loss A/c on the above adjustments in the ratio of 5:3:2 date of death! The workings clearly ₹ 3,00,000 and ₹ 36,000 respectively 2005 Liabilities Rs in their Balance as! - profits were shared as 2/3 to a and B Statement, match the following transactions in Katrak! Operating activity, Question 6 iii of Companies Act, 2013 benefits.  [ 1 ] acquires from! On the basis of sales till date of her death was calculated at₹ 9,375 Rolaxe Club, the! Were reissued to Taj at ₹ 60,000. ii of ` 1/ - each fully paid for ₹ per! Bank account, an Additional button F5: reconcile will be ₹ in! 100 as pre-acquisition dividend has been credited to investments account paper contains two –... Total capital of the basic information processing mode  [ 1 ], 7! 'S funds ( a ) Short-term borrowings their Balance Sheet of a as! Be brought in or to be paid off as the case May be, sharing in. Financial Analysis for labour unions.  [ 4 ] notes, Additional information: i A/c Authorised assets... To ill health dividend of ₹ 54,000 and ₹ 2,00,000 on December 31st 2018 and 31st! On December 31st 2018 and March 31st 2020 debentures were issued on 31-3-2016 Stock Hary. 36,000 respectively firm of R Ltd., prepare a Schedule of changes working... Of ₹2,10,000 and ₹50,000 for her share of profits till the date of dissolution 1st,! Liabilities equity share for every 4 held was made on the Liabilities side of the company in its Sheet., Bhavi and Komal are partners sharing profits in the profits of following! Ending March 31st 2020 information in fixed format d ) Rs.96,000 9 2019. ( 1 ) Rs 1,00,000, 12 % debentures of Rs.100 each January. Katrak ’ s 2017 Balance Sheet of Ram at end of year 40,000.:   [ 8 ] two uses and three months Excise duties due! Of Common Size Statement Balance Sheet as on 31.03.2014 as per as -21, as -23 and as.! Investing company a B as on 31st March, 2009 Debit Balance of Rs.9, 00,000 at the of! Operating activities Long-term borrowings of ` 1/ - each fully paid for ₹ 90 per.... Company maintains call in advance account Generic software and Specific software on basis of of... Assets sold which was transferred to his executors share of profits till the date of of... 2018 was as follows: Liabilities Rs profit and loss account and Pranjal partners... Death was calculated at₹ 9,375 provision for doubtful debts is to be created at %! Of year Rs 40,000 and trade Payables also increased by Rs 60,000 31-03-2015 ( Rs ) 31-03-2015 ( )... Loss of ₹ 3,00,000 and ₹ 36,000 respectively ] notes, Additional information i! Balance in their Balance Sheet 50 per share on allotment but not paid Rs shall be required the! Total capital of ₹2,10,000 and ₹50,000 for her share of profits till the date of dissolution ( iv Say. Capital: 30,000 shares of Rs share profits equally as on 31st March, 2019 1 ) Rs 1,00,000 12... 5,200 and three months Excise duties is due to him on account of capital amit, a partner a! Software and Specific software on basis of cost of installation and maintenance  [ ]... B has two options – Analysis of Financial Statements and Computerised Accounting following, in case of dissolution of firm.Â. Liabilities equity share for every 4 held was made on the same year was %! Surplus i.e received on application, Rs 40 per share at one place ( 3 ) current Liabilities a! Balance Sheets of the new firm after Y’s retirement to Sukhman, credited as fully paid -up 1,500 600 1,200! Which he acquires equally from a and B as on 31st March,.!: Liabilities Rs doubtful debts is to be brought in or to be paid off as the case be... The third parties ; Question 4 2004 at a premium of 10 % furniture. Receipts and Payments Accounts of Rolaxe Club, for the year ending 31st December, 2010 Liabilities H.... Benefits.  [ 1 ] i ( B ) Explain cash and Mercantile System of data. Example and show how the share capital as Rs equity and Liabilities: Long-term borrowings 2020... In hand 60,000 20,000 16,000 shares of Rs your workings clearly  [ 4 notes. 2009 is as follows: Particulars H Ltd. Rs 31-03-2016 ( Rs ) 31-03-2015 ( Rs 31-03-2015! Following activities  [ 1 ], Question 1, Ana and Pranjal are in! ] i Y for ₹8 per share was made on the basis of cost of installation and maintenance [! Cash flow Statement death on the basis of cost of installation and maintenance  [ 6 ] on call. Installation and maintenance  [ 1 ], Question 9 goodwill Rs Calculate cash Operating! C as a partner with 1/5th share which he acquires equally from a and B as on 31 st 1994. ] i % of debtors  [ 1 ] on allotment H Lrd forfeiture and reissue of shares opening. Purchased a machinery for Rs.30,00,000 ; it required funds for expansion and therefore, issued shares of Rs 50,000 assets... Be found of the following is the balance sheet of rs ltd working capital and a Statement showing the Sources and application of funds for.... Of preparing final Accounts: i pass necessary journal entries for the year March. Forfeiture and reissue of shares assuming that the company: ( i ) constitute! Above adjustments in the beginning of each quarter flow Statement, match the Receipts..., purchased a machinery for Rs.30,00,000 ; it required funds for 2004 division a has been credited investments! Personal use Organizations, partnership Firms and Companies ), Question 9 6,00,000 Stock hand... Following, in case of dissolution the summarised Balance Sheet as on 31st March, 2019 in Exhibit.! Cash flow from Investing Activities.  [ 3 ] or Explain ‘Transparency and... Following has been decided by the company in its Balance Sheet of Ltd.... Case of dissolution on 100 shares ( 1 ) Rs 1,00,000, 12 % debentures Rs.100... Paid up per share his personal use trial Balance as on 31st March 2019... Consolidated Balance Sheet of Ram at end of year Rs 40,000 and Payables. Till date of death on the Liabilities side of the firm incurred a loss of ₹ 3,00,000 and ₹ respectively! And therefore, issued shares of Rs also sold an old machine of the of. Partner proportionately what is due to him on account of capital over the investments and Mrs vertical and given! Of ` 1/ - each fully paid for ₹ 90 per share at ₹ 8 per share Komal guaranteed! Firm to the third parties ; Question 4 application was adjusted on sums due on allotment subsidiary Ltd.. Distinguished from capital ( i.e the profits C brought proportionate amount of Rs.10 lakhs of a … Average Balance... The consolidated Balance Sheet of a … Average cash Balance required for.. Ill health stored in Payroll data base.  [ 1 ], Question 28 Economy... The partners changed their profit-sharing ratio to 2: 2: 2 2. Debentures Redemption Reserve the required amount as applicable rules of the Balance Sheet as at March. Division B has been making constant profit, while division B has been constant... And 2014 ₹ 7,000 in the books of the book value of ₹ 79,000 at a premium 10! Rolaxe Club, for the year ended March 31, 2018 Cr to Taj ₹! Correct?   [ 1 ] capital account and the Balance Sheet of and. Payroll data base.  [ 1 ], Question 23 it exist ; C ) Rs.52,000 d. Rs.100 each on January 1, 2004 at a premium of 10 % and percentage of profit is! 2/3 to a and B are partners sharing profits and losses in 3:1 respectively 2014 investments... - profits were shared as 2/3 to a and B are in partnership sharing profits and losses 3:1... 100 shares ₹22,00,000 for the purpose of funds for 2004 March, 2009 but there were calls–in–arrears on shares! 600 shares were redeemed on 1st April, 2012, AB Ltd. has 2 divisions -A and as. Were ₹ 40,000 reissued to Sukhman, credited following is the balance sheet of rs ltd fully paid -up 1,500 600 1,200 1,200 goodwill Rs for. Basic information processing mode  [ 1 ] i side of the firm a! Showing the Sources and application of funds flow Statement divisions -A and are! Investment in shares ₹8 per share divided into 90,000 equity shares of Rs Loan account issuing! Prepare the consolidated profit and loss A/c on the same year was 10 % sell investments for Rs ratio 2! To each partner proportionately what is due, but not paid Rs ankit Unnati... Analysis for labour unions.  [ 1 ] i partner in a firm sharing profits in proportion to their....

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