Particular31st March, 2019Amount (Rs.)31st March, 2018Amount (Rs.)Equity Share Capital12,00,00010,00,00012% Debentures2,00,0001,00,000 Additional Information:1.Interest paid on debentures Rs. 19,000.2. Dividend paid in the year Rs. 50,000.3. During the year, XYZ Ltd. issued bonus shares…
Particular31st, March, 2018,Amount (Rs.)31st, March, 2019,Amount (Rs.)Surplus, i.e., Balance in Statement of Profit and Loss2,50,00010,00,000Provision for Tax75,00075,000Trade Payables1,00,0003,75,000Current Assets (Trade Receivables and Inventories)11,50,00013,00,000Fixed Assets (Tangible)21,25,00023,30,000Accumulated Depreciation10,62,50011,00,000 Additional Information:(1.) A machine…
Particulars31st March 2019Amount (Rs.)31st March 2018Amount (Rs.)Machinery (At cost)50,00040,000Accumulated Depreciation12,00010,000Capital35,00030,000Bank Loan...10,000 During the year, a machine costing Rs. 10,000 was sold at a loss of Rs. 2,000. Depreciation on machinery charged during…
Particulars31st March, 2019Amount (Rs.)31st March, 2018Amount (Rs.)Equity Share Capital5,25,0004,00,00010% Preference Share Capital4,00,0005,50,000Securities Premium Reserve2,25,0001,00,00012% Debentures4,00,0003,00,000 Additional Information:1. Equity Shares were issued on 31st March, 2019.2. Interim dividend on Equity Shares was paid…
Particulars1st April, 2018Amount (Rs.)31st March, 2019Amount (Rs.)Long-term Loan2,00,0002,50,000 During the year, the company repaid a loan of Rs. 1,00,000. SOLUTION
ParticularsPurchased (Amount)Sold (Amount)Machinery6,20,0002,00,000Investments2,40,00080,000Goodwill1,00,000...Patents...1,50,000 Additional Information:1. Interest received on debentures held as investment Rs. 8,000.2. Interest paid on debentures issued Rs. 20,000.3. Dividend received on shares held as investment Rs. 20,000.4.…
Particulars31st March, 2019Amount (Rs.)31st March, 2018Amount (Rs.)Machinery (At cost)5,50,0005,00,000Accumulated Depreciation1,70,0001,00,000 During the year, a machinery costing Rs. 50,000 (accumulated depreciation provided thereon Rs. 20,000) was sold for Rs. 26,000. SOLUTION
Particular31st March, 2019Amount (Rs.)31st March, 2018Amount (Rs.)Investment in Land3,00,0003,00,000Shares in Damodar Ltd.1,50,0001,50,00012% Long-term Investments80,00050,000Plant and Machinery7,50,0006,00,000Patents70,0001,00,000Goodwill1,50,0001,00,000 Additional Information:1. A piece of land was purchased as an investment out of surplus. It was…
Particular31st March, 2019Amount (Rs.)31st March, 2018Amount (Rs.)Goodwill75,0001,00,000Patents1,00,00075,000Land90,0001,00,000Furniture2,46,00021,000Plant and Machinery (Net)2,00,0002,00,00010% Investments1,80,0002,00,000Accrued Interest on Investments6,000... SOLUTION