from the following balance sheet of kiero ltd

Following is the summarised Balance Sheet of Mona Ltd. as on 31‐3‐04. From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement: Kiero Ltd. Balance Sheet as at 31-03-2018 During the year ended 31st March, 2018 Jay earned fee of Rs.1,75,000 and the profits of the firm amounted to Rs.15,00,000. Question 32. starting from 31st March, 2017. Sonu withdrew Rs.20,000 on 1st December, 2017 and Rajat withdrew Rs.5,000 at the end of each month. The heading includes the business name and date. 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 DO IT YOURSELF II. Aisko Club: Ans. Pass necessary journal entries for die above transactions in the books of Sonu and Rajat. The Operating ratio of a company is 60%. In the equity section of the balance sheet, you'll see terms including par value (the nominal value of the company's stock) and shareholders' equity (the difference between total assets and total liabilities), and proprietorship reserves. (iii) Stock was over valued by 20,000. From the following Receipts and Payments Account and additional information, prepare Income and Expenditure Account and Balance Sheet of Sears Club, Noida as on March 31, 2018. On 31st March, 2018 their Balance Sheet was as follows : (8), Balance Sheet of Akul, Bakul and Chandan as on 31-3-2018. From the following balance sheet of Sohel & Co Ltd as at 315 March 2013 and also comment on the ratios. Showing your workings clearly prepare Profit and Loss Appropriation Account and the Capital Account of Jay, Vijay and Karan for the year ended 31st March, 2018. How are Specific donations treated while preparing final accounts of a ‘Not-For-Profit Organisation’? March 31, 2017 (Rs) March 31, 2016 (Rs) I) Equity and Liabilities 1. From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement : (6) Kiero Ltd. Balance Sheet as at 31-3-2018 and Y were partners in a firm sharing profits in the ratio of 3: 2. (Accounting for Not-for-Profit Organizations, Partnership Firms and Companies), What is meant by ‘Gaining Ratio’ on retirement of a partner? Seema paid allotment money along with the first call. The turnover of the firm for the year ended 31st March, 2018 amounted to Rs.20,00,000. State under which major headings and sub-headings will the following items be presented in the Balance Sheet of a company as per Schedule-III, Part-I of the companies Act,2013. Question 7. Shareholders' Equity. Stock was to be increased by 20% and furniture was to be reduced to 90%. Particulars: Note No. Topic 3 Financial Statements - Balance sheet solutions. 31-3-2011. Sahaj’s shares were forfeited and subsequently reissued to Geeta for Rs.60 per share, Rs.50 per share paid up. They contributed Rs.8,00,000 and Rs.6,00,000 respectively as their capitals and decided to share profits and losses in the ratio of 3 : 2. Accounting Theory (ACGGC3040) Uploaded … 31-3-18 (Rs.) Physics. (0) Salary outstanding was 5,000. Please enable Cookies and reload the page. The partnership deed provided that Sonu was to be paid a salary of Rs.20,000 per month and Rajat a commission of 5% on turnover. NCERT DC Pandey Sunil Batra HC Verma Pradeep Errorless. Anurag Ltd. decided to issue 50,000 equity shares. Santosh Limited has the following balance appearing in the Balance sheet Security premium Rs 3600,000, 90% debenture – Rs 1,20,000, Underwriting commission – Rs 10,000,00. • Issued 6,000 12% Debentures of ` 100 each at par redeemable at a premium of 7%. Prepare Revaluation account, Partners’ Capital accounts and the Balance Sheet of the reconstituted firm. This question paper contains two parts- A and B. Trial Balance as on 31st March 2015 ----- Debit Rs. Following is the balance sheet of Kalpataru Construction Ltd. as on 31 st M arch, 2011 . 32. Prepare Zubin’s Executors Account till he is finally paid. The company had a balance of Rs. Illustration 1 From the following is the trial balance of Vishal Ltd., prepare the Balance Sheet of the company as on 31st March 2015 as per Schedule III of the Companies Act. Note Number: From the following Balance sheet of DCX Ltd and the additional information as at 31March 2018prepare a Cash Flow Report ; Posted by Dinesh Gilla 1 year, 9 months ago. 50,000 as Depreciation was Rs. On 1st April 2015, P Ltd. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Showing your workings clearly [4] Notes. A comparative balance sheet analysis is a method of analyzing a company’s balance sheet over time to identify changes and trends. d)           Capital Account of old partner. Preferred shares, $0.10, cumulative, 100,000 shares authorized, 31st March, 2018 their Balance Sheet was as under: Balance Sheet of Bhavya and Sakshi As at 31st March, 2018 Liabilities Amount (₹) Assets Amount (₹) Sundry Creditors General Reserve Investment Fluctuation Fund Bhavya’s Capital Sakshi’s Capital 13,800 23,400 20,000 50,000 40,000 Furniture Land and Building Investments Trade Receivables Sanjana and Alok were partners in a firm sharing profits and losses in the ratio 3: 2. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Dividend paid on Share was Rs. Fundamentals of Partnership Firms 3. Credit Rs. The amount of allotment due from the shareholders to whom shares were allotted on prorata basis was fully received. (6). This just a demo text widget, you can use it to create an about text, for example. Under U.S. GAAP, what should the Balance Sheet report for Inventory? topic financial statements balance sheet solutions: comprehension questions discuss if the following statements are true or false. Ans. (or) (b). Applications for 20,000 shares were rejected and pro-rata allotment was made to the remaining applicants. Example 1: Preparation of Balance Sheet – Horizontal and Vertical Style: The following trial balance is prepared after preparation of income statement for F. Green as at 31 March 2015.. Explain "Null Values and Complex attributes". (1). The executor was paid Rs.10,300 in cash immediately and the balance in two equal annual instalments with interest @ 6% p.a. From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement: Kiero Ltd. Balance Sheet as at 31-03-2018 R agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. Change in Profit sharing ratio of Partners 5. From the following Balance Sheet of Yogeta Ltd., prepare cash flow statement: Notes of accounts: Additional Information: Net Profit for the year after charging Rs. Calculate the new profit sharing ratio. Physics. Land and building (book value Rs.3,00,000) was sold for Rs.4,00,000 through a broker who charged 2% commission. c)            Summarised reports of only cash transactions. Federation University Australia. The remaining creditors were paid Rs.76,000 in full settlement of their claim and the remaining assets were taken over by Vaibhav for Rs.17,000. Accounts are closed on 31st March each year. Sonu and Rajat started a partnership firm on April 1, 2017. (6), AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2020. From the following Balance Sheet of R Ltd., Prepare a Common Size Statement Balance Sheet As at 31st March, 2019. Pass necessary journal entry for charging interest on drawings. Home - Q&A - Accounting - Financial Accounting - Accounting: Concepts and Principles - Q.1 From the following balance sheet of Mohan Ltd… The assets are made up of fixed and intangible assets, bank, stock and debtors The company is owed 5500 of liabilities; this includes 3000 from customers and 2500 in a loan. NCERT P Bahadur IIT-JEE Previous Year Narendra Awasthi MS … (3), Present the following information for the year ended 31st March, 2018 in the financial statement of a not-for-profit organisation. They decided to 32 From the following Balance Sheet of Dreams Converge Ltd as at 31 3 2018 and 31 3 2017; Calculate Cash from operating activities Showing your workings clearly Particulars Note No 31 3 2018 ( ) 31 3 2017 ( ) I EQUITY AND LIABILITY : 1 - Accountancy - Cash Flow Statement Issue of Debentures 10. Directors decided to forfeit those shares on which allotment and call money was due. (a) Fill in the blanks with appropriate word / words:                    1x4=4   1)           Unrecorded liabilities when paid are debited to _______ Account. Balance in statement of Profit and Loss, Surplus (Balance in Statement of Profit & Loss), 2020 ACCOUNTANCY Full Marks: 100 Pass Marks: 30 Time: Three hours The figures in the margin indicate full marks for the questions 1. Seema, holding 4,000 shares failed to pay the allotment money. A firm earned average profit of Rs.3,00,000 during the last few years. Half of the forfeited shares were re-issued @ Rs.8 per share fully paid up. Afterwards the first call was made. e. Prior to the Enron scandal in the early 2000s, companies would put verbal information in their annual reports, along with … The balance sheet of the firm as at 31 December 2001 is as follows: Sh. 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. (6), Akul, Bakul and Chandan were partners in a firm sharing profits in the ratio of 2 : 2 : 1. You may use online sources to write about the ratios. Choose the right answer : 1. Pass necessary journal entries for redemption of debentures in the books of Krishna Ltd. for the year ended 31st March, 2018. Part A (Accounting for Partnership Firms and Companies) 1. Below is an example of Amazon’s 2017 balance sheet taken from CFI’s Amazon Case Study Course. 2016 and 31 Mar. Gaurav, Saurabh and Vaibhav were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. 12% debentures were issued on 1st September, 2017. From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. State whether 'Issue of bonus shares' will increase, decrease or not change the Debt Equity Ratio. The following elements of shareholders' equity are adapted from the balance sheet of Brzynski Marketing Ltd.:. Shareholder’s Fund: 7,00,000 5,00,000 a. P, Q and R were partners in a firm. (1), Garvit Ltd. invited applications for issuing 3,000, 11% Debentures of Rs.100 each at a discount of 6%. Six friends started a partnership business by investing Rs. It's not as complicated as it sounds. Balance Sheet Heading. From the following Balance Sheet of Mohan Ltd. Another way to prevent getting this page in the future is to use Privacy Pass. The assets of the business were Rs.17,00,000 and its liabilities were Rs.2,00,000. Financial Statements of a Company 12. The gross profit was Rs 60,000. Goodwill of the firm was valued at Rs.4,00,000 and Nidhi brought the necessary amount in cash for her share of goodwill premium, half of which was withdrawn by the old partners. Course. FS of Non profit Organisation 2. the terms ‘accounts (ii) Inventory at 31 December 2016, £94,300. University. 23. On 31-3-2019, their Balance Sheet was as follows: NCERT DC Pandey Sunil Batra HC Verma Pradeep Errorless. Question 32. Goodwill of the firm was valued at Rs.2,00,000. Under IAS 2, what should the Balance Sheet report for Inventory? The goodwill has been determined to have an indefinite useful life. 31.3.2018 (₹) 31.3.2017 (₹) I. They admitted Mitali as a new partner. Giriija, Yatin and Zubin were partners sharing profits in the ratio 5 : 3 : 2 . Share Capital b. For this purpose it was agreed that : (4). From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement : Notes to Accounts Rs.1,20,000 were received on first call. Required: Prepare balance sheet for F. Green as at 31 March 2015 in both horizontal and vertical style.. Accounting for Share Capital 9. The format of the date is: as at date. These debentures were redeemable at a premium of 10% in two equal installments starting from 31st March, 2018. (ii) He withdrew Rs. On June 30, 2017, R died. K Ltd., a manufacturing company obtained a loan of Rs.6,00,000, advanced a loan of Rs.1,00,000 and purchased machinery for Rs.5,00,000. On the date of death of a partner the partnership deed provided for the following: (4). Debentures were allotted to the remaining applicants. Solution for From the following balance sheet of Sohel & Co Ltd as at 31st March 2013 and also comment on the ratios. (1). (3), Krishna Ltd. had outstanding 20,000, 9% debentures of Rs.100 each on 1st April, 2014. The management of Afro Quatro Ltd. want to establish the amount of financial needs for the next two years. The Balance Sheet Page of Raymond Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. The balance sheet of Crimpson Solutions Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450. Issued 6,000 12% Debentures of Rs.100 each at par redeemable at a premium of 7%. Application for 70,000 shares were received. Pass the necessary journal entries for the above transactions in the books of Garvit Ltd. OR. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Any deficiency arising because of guarantee to Karan will be borne by Jay and Vijay in the ratio of 3 : 2. Rs.1,11,000 were received on account of allotment. 2)           Life membership Fee is a _______ receipt. Your IP: 195.222.122.20 A balance sheet is one of the three financial statements that businesses need to prepare. The Debentures were to be redeemed at the end of third year. From the following Balance Sheet of Computer India Ltd., prepare cash flow statement. The club has 200 members each paying an annual subscription of Rs.1,000. Cash Flow Statement. Chemistry. Dissolution of Partnership 8. Interest on drawings was charged @ 6% p.a. 31 st March 2019 31 st March 2018; Equity and Liabilities Share capital; Non-current Liabilities Long–term borrowings:8% debentures (secured) Current Liabilities Trade payables; 18,00,000 6,00,000 6,00,000: 12,00,000 Sahaj who had applied for 2,500 shares failed to pay the first call money. On 1 July 2020 Bob Ltd Reviews The Value Of Assets. From the following Balance sheet of Exe Ltd. As at 31st March, 2019,prepare Comparitive Balance sheet: Books. The following trial balance has been taken from MAW Ltd on 30 April 2013, after the • Capital of the new firm was to be in the new profit sharing ratio of the continuing partners. ... the balance sheet, and maybe some sight of the components of the management accounts might be apt. (3). The Balance Sheet Page of Arvind Fashions Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. Chemistry. Prepare Revaluation Account, Partners Capital Accounts and the Balance Sheet of the reconstituted firm on Nidhi’s admission. Question # 00332504 Subject Accounting Topic Accounting Tutorials: 1. Q.1 From the following balance sheet of Mohan Ltd. Prepa. State whether ‘Purchase of goods costing Rs.20,000’ will increase, decrease or not change the operating ratio. Prepare a Cash Flow Statements: Liabilities. X Ltd. issued 20,000 shares of 100 each at a premium of 10% paya25 on application, 50 on allotment and * 35 … 3)           A partner acts as _______ of the firm. The Balance Sheet example shows the following information. Books of Garvit Ltd. You may use online sources to write about… The Fair Value Of Land Is Reassessed As $2,100,000 And The Fair Value Of Building Is Reassessed As $800,000. You may need to download version 2.0 now from the Chrome Web Store. (4). CBSE > Class 12 > Accountancy 2 answers; Parth Modi 1 year, 9 months ago. P, Q and R were partners in firm sharing profits in the ratio of 1 : 1 : 2 on 31st March, 2018, their balance sheet showed a credit balance of Rs.9,000 in the profit and loss account and a Workmen Compensation Fund of Rs.64,000. More liquid accounts, such as Inventory, Cash, and Trades Payables, are placed in the current section before illiquid accounts (or non-current) such as Plant, Property, and Equipment (PP&E) and Long-Term Debt. At the end of the year, interest on Chhavi’s drawings amounted to Rs.900. TEST YOUR UNDERSTANDING – II. 3) Part B has two options- ‘Analysis of Financial Statements’ and ‘Computerised Accounting’. (4), Explain briefly any four objectives of ‘Analysis of Financial Statements’. A claim on account of workmen compensation of Rs.30,000 was admitted. From the following Trial Balance of ZeeP Ltd for the year ended 31 st March 2014, prepare the Income Statement and Balance Sheet. (b) Choose the correct alternative:                      1x2=2 1)           When a new partner does not bring in his share of goodwill in cash, the amount of premium is debited to: a)           Premium Account. i) Reserve and profit and loss account (cr.) Calculate Revenue from operations of BN Ltd. From the following information : (3+1=4). b)           Detailed reports of recorded facts. From the following information extracted from the Statement of Profit and Loss for the years ended 31st March, 2017 and 2018, prepare a Comparative Statement of Profit & Loss. March 31 every year. 2,00,000 each. Goodwill of the firm was valued at Rs.3,00,000 and Bakul’s share was to be. (1). From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. 4) Attempt any one option of Part B. 8, 00,000 Share premium 2, 00,000 Reserves 6, 00,000 Shareholder’s Fund 16, 00,000 12% perpetual debentures 4, 00,000 An annual ordinary dividend of Rs. Chhavi withdrew a fixed amount at the beginning of each quarter. … Trial Balance as on 31st March 2015 ----- Debit Rs. c)            Capital Account of new partner. Goods were sold at a profit of 25% on cost. 50,000, Tax Provision created during the year amounted to Rs 60,000. Prepare Loss on issue of 12% Debentures Account. From the following Balance Sheet of Kiero Ltd. and the additional information as on 31 - 3 - 2018. prepare a Cash Flow Statement: Kiero Ltd. Balance Sheet as at 31 - 3 - 2018ParticularsNoteNo.31 - 3 - 18 (Rs. DEBT EQUITY RATIO 0.14 chg. Applications were received for 3,600 debentures. 52.Following is the balance sheet of Wisben Ltd as on 31st March, 2012 Additional Information During the year, a piece of machinery of the book value of Rs 80,000 was sold for Rs 65,000. Karan was guaranteed a profit of Rs.5,00,000 and Jay guaranteed that he will earn an annual fee of Rs.2,00,000. I. From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements: Additional Information: (i) ₹50,000 12% debentures were issued on 31.3.2016 (ii) During the year a piece of machinery costing ₹40,000 on which accumulated depreciation was ₹20,000 was sold at loss of ₹5,000. Q. From the following details, prepare the balance sheet of ABC Ltd: 1. Applications for 1,20,000 shares were received. Thus, financial statements are the summarised reports of recorded facts and are prepared the following accounting concepts, conventions and requirements of Law. From the following Balance Sheet of R Ltd., Prepare a Common Size Statement Balance Sheet As at 31st March, 2019. Notes to ... Information: Interest paid on Debenture Rs. Part B has two options : Analysis of Financial Statement and Computerized Accounting. Treatment of the Income / Expenses in the Profit and Loss account, Impact of the Income / Expenses in the Balance Sheet. From the following Balance Sheet of Gopal Ltd. and the additional information as at 31 st March, 2019, prepare a Cash Flow statement when cash flows from financing activities is ` 2,32,000. information as at 31 st March, 2019, prepare a Cash Flow statement when cash flows from financing activities is … 51.Prepare a cash flow statement on the basis of the information given in the balance sheet of Simco Ltd as at 31st March, 2013 and 2012 Ans. Performance & security by Cloudflare, Please complete the security check to access. Stock of stationery on 1-4-2017 was Rs.3,000 and on 31-3-2018 was Rs.4,000. 6,50,000. The company owns 18500 in Assets. Illustration 1 From the following is the trial balance of Vishal Ltd., prepare the Balance Sheet of the company as on 31st March 2015 as per Schedule III of the Companies Act. 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%. From the following Balance Sheets of Sonam Ltd as on 31-3-2012 and 31-3-2011. 2017 Particulars Note No. Rs. From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement : (6). Final call was not made. After transferring Sundry assets (other than cash in hand and cash at Bank) and third party liabilities to realisation account, the assets were realized and liabilities were paid off as follows: (4). The trial balance extracted from the books of Tailor Times Ltd at 31 December 2016 was as follows: You are given the following additional information: (i) The authorised and issued share capital is divided into 400,000 ordinary shares of 50p each. 60,000 on May 15, 2017 for his personal use. From the following information extracted from the Statement of Profit and Loss for the years ended 31st March, 2017 and 2018, prepare a Comparative Statement of Profit & Loss. DF Ltd. invited applications for issuing 50,000 shares of Rs.10 each at a premium of Rs.2 per share. From the following balance sheet of X Ltd. as at 31 st March 2019, prepare comparative balance sheet:-Particulars Note no. The following are the balance sheets of A Ltd. and B Ltd as on 31st March, 2012: Fixed Assets of both the companies are to be revalued at 20% above book value. 31-3-17 (Rs.) What is meant by ‘Employees Stock Option Plan’? It also provided that interest on capital be allowed @ 8% p.a. The following information is provided on Rs death: (i) Balance in his capital account in the beginning of the year was Rs. RCalls in Arrears and Interest there on16. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and statement of stockholders' equity. From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements: Additional Information: (i) ₹50,000 12% debentures were issued on 31.3.2016 (ii) During the year a piece of machinery costing ₹40,000 on which accumulated depreciation was ₹20,000 was sold at loss of ₹5,000. (iv) A provision of 5% was to be created for doubtful debts. 5) All parts of a question should be attempted at one place. Balance Sheet Example. Nidhi brought Rs.3,00,000 as her capital and the capitals of Sanjana and Alok were adjusted in the new profit sharing ratio. From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements: Additional Information: (i) ₹50,000 12% debentures were issued on 31.3.2016 (ii) During the year a piece of machinery costing ₹40,000 on which accumulated depreciation was ₹20,000 was sold at loss of ₹5,000. State the basis of accounting of preparing ‘Income and Expenditure Account’ of a Not-For-Profit Organisation. On 31st March, 2018 R retired. 2)           Financial statements are: a)           Summarised reports of recorded facts. b)           Cash Account. Calculate the amount of Cash Flow from financing and investing activities. Offered Price: $ 6.00 Posted By: rey_writer Posted on: 07/06/2016 05:42 AM Due on: 07/06/2016 . Cloudflare Ray ID: 606d225119f938be On 1st April 2015, P Ltd. From the following Balance Sheet as at 31st March, 2019 and Statement of Profit and Loss for the year ended 31st March, 2019 of RSB Ltd. and additional information, prepare … From the following Balance sheet of Grow More Ltd as at 31st March, 2019 perpare Cash Flow Statement : Additional Information: (i) ) During the year a … Pass the necessary journal entries for the above transactions in the book of DF Ltd. EF Ltd. invited applications for issuing 80,000 equity shares of Rs.50 each at a premium of 20%. You may use online sources to write about… Absolute Amounts 2 per share has just been paid. Furniture was to be decreased to Rs.87,000. Admission of a Partne r 6. Buster Ltd had purchased goodwill to the value of $100,000 recorded in its consolidated financial statements. A few shareholders to whom shares were allotted in full, failed to pay the allotment money. Bank loan of Rs.3,00,000 was paid along with interest of Rs.21,000. They decided to dissolve the firm on 31st March, 2018. (1), Chhavi and Neha were partners in a firm sharing profits and losses equally. Allotment was made on the following basis. DO IT YOURSELF II. Name and explain the function which returns the future value of an investment which has constant payment and interest. From 1st April, 2018 they decided to share profits in the ratio of 2 : 2 : 1. Rs. You may use online sources to write about the ratios. 4)           A company is required to publish its _______ every year. A Ltd. holds 75% of the paid -up capital of B Ltd. and the balance is held by a foreign company. A comparative balance sheet usually has two columns of amounts that appear to the right of the account titles or other descriptions such as Cash and Cash Equivalents, Accounts Receivable, Accounts Payable, etc. An example might show ABC Computers – Balance Sheet as at 30 th June 2019.. Assets – Fixed Assets, Current Assets, intangible assets, stock, cash, money owed from customers (accounts receivable ledger) and prepayments.. The full amount was payable on application. The amount was payable as follows : On Application: Rs.20 per share (including premium Rs.5), On Allotment: Rs.15 per share (including premium Rs.5). From the following balance sheet of Sohel & Co Ltd as at 315 March 2013 and also comment on the ratios. From the following Balance sheet of Soni Company Ltd. Goodwill of the firm was valued at Rs.4,00,000. The net profit as per Profit and Loss Account for the year ended 31st March, 2018 was Rs.4,89,950. Final call was not made. The following are the Balance Sheets of Harsha Ltd. as on March 31, 2006 and March 31, 2007. Calculate the goodwill of the firm by capitalisation of average profits.

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