Ltd. Applications for 30% shares were rejected and money refunded. Raju belonged to category II. 3. 3. In other M&A deals, the parties may have believed an issue presented on the … A brief financial summary of SRS Ltd as well as the most significant critical numbers from each of its financial reports. Dow Jones, a News Corp company. From the following Balance Sheet of SRS Ltd. and the additional information as on 31/3/2016, Prepare a Cash flow Statement: Balance Sheet of SRS Ltd. as on 31.3.2016. Thus, financial statements are the summarised reports of recorded facts and are prepared the following accounting concepts, conventions and requirements of Law. The forfeited shares of Deepak and Raju were reissued at 11 per share fully paid up.Pass necessary journal entries for the above transactions in the books of the company. Prepare a master budget balance sheet. Operating Profit before Working Capital Adjustments, Add: Decrease in Current Assets and Increase in Current Liabilities, Less : Increase in Current Assets and Decrease in Current Liabilities, Net Cash Flows from (or used in) Operating Activities, Net Cash Flows (or used in) Investing Activities, Net Increase or Decrease in Cash and Cash Equivalents (I+ II+III), Add: Cash and Cash Equivalents in the beginning of the period, (includes Current Investments of Rs 35,000), Cash and Cash Equivalents at the end of the period, (Includes Current Investments of Rs 20,000), Concept: Statement of Profit and Loss and Balance Sheet in the Prescribed Form with Major Headings and Sub Headings, 2016-2017 (March) All India Set 2 (with solutions), 2016-2017 (March) All India Set 3 (with solutions), 2016-2017 (March) All India Set 1 (with solutions), CBSE Previous Year Question Paper With Solution for Class 12 Arts, CBSE Previous Year Question Paper With Solution for Class 12 Commerce, CBSE Previous Year Question Paper With Solution for Class 12 Science, CBSE Previous Year Question Paper With Solution for Class 10, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Arts, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Commerce, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Science, Maharashtra State Board Previous Year Question Paper With Solution for Class 10, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Arts, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Commerce, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Science, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 10. SRS Holdings Co. Ltd. annual balance sheet for 8163.JP company financials. Liabilities Amount (RO) Assets Amount (RO) Equity shares capital 100,000 Cash in hands 3,000 %Preference share capital 100,000 Cash at bank 9,000 … 3.3 Objectives of Financial Statements Financial statements are the basic sources of information to the shareholders and other external parties for understanding the … SRS Real Infrastructure Ltd. annual balance sheet for 533305.IN company financials. Following was the Balance Sheet of M.M Ltd at on 31.3.2015. Balance Sheet of SRS Ltd. Company, including its equity share capital, secured loans, net block, unsecured loans and more. Its current market capitalisation stands at Rs 0 Cr. 50,000, 12% debentures were issued on 31/3/2016. Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of new firm. It gave its directors and employees right to buy 10,000 of the above shares. i) Reserve and profit and loss account (cr.) 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. ... (not 35,000 1% Other planned outlays of cash Capital expenditures Dividends 200,000 S 50,000 S 90,000 SRS Educational Supply Company Balance Sheet Previous Year End Currest assets Cash Accounts receivable 40,000 40,000 50,000 Prepaid insurance Total current assets … Click here👆to get an answer to your question ️ From the following Balance Sheet of JY Ltd. as at 31st March 2017, prepare a Cash Flow Statement: Balance Sheet of JY Ltd. as at 31.03.2017ParticularsNote No.31.3.2017Rs.31.3.2016Rs.I - Equity and Liabilities: - 1.Share holder's Funds:(a) Share Capital5,00,0005,00,000(b) Reserve … 31.3.2016 Rs. Following is the Balance Sheet of R.S. Statement Balance sheet. VXN Ltd invited application for issuing 50,000 equity shares of ₹ 10 each as a premium of 8 per share. 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. Share holding. Results Quarterly. More Dividend. You may use online sources to write about the ratios. (iv) A provision of 5% was to be created for doubtful debts. Latest SRS Ltd News and Updates, Special Reports, Videos & Photos of SRS Ltd on The Hindu BusinessLine. Sameer,Yasmin and Saloni were partners in a firm sharing profits and losses in the ratio of 4:3:3. Share Capital b. Articles on SRS Ltd, Complete Coverage on SRS Ltd 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. Click here👆to get an answer to your question ️ From the following Balance Sheet of SRS Ltd. and the additional information as on 31/3/2016, Prepare a Cash flow Statement:Additional information : - (i) Rs. (ii) During the year a piece of machinery costing Rs. From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. Ltd. as at 31st March, 2016 : Concept: Accounting for Revaluation of Assets and Reassessment of Liabilities. Note No. View 8163.JP financial statements in full. 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 … Name the type of issue. 2020 Zigya Technology Labs Pvt. 31.3.2018 (₹) 31.3.2017 (₹) I. I - Equity and Liabilities: 1. Numerical. Its current market capitalisation stands at Rs 18.64 Cr. Gopal's Shares were immediately forfeited after allotment, Afterwards, the first call was made Krishna, a holder of 100 shares, failed to pay the first call money and Giridhar, a holder of 300 shares, paid the second call money also along with the first call. The Balance Sheet Page of SRS Ltd. presents the key ratios, its comparison with the sector peers and 5 years of Balance Sheet. (0) Salary outstanding was 5,000. Sloution of answer s 76 Analysis of Financial Statements—CBSE XII Q 20 Following is the Balance Sheet of Sreshtha Ltd as on 31st March, 2014: Note No 31st March, 31st Mart,: Particulars i EQUITY ANDLIABILITIES 1 Shareholders' Funds (a) Share Capital (b) Reserves - Accountancy - From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements : (Surplus i.e. (ii) An unrecorded creditor of 20,000 will be recorded. SRS Finance Balance Sheets - Get the latest Financial Reports, Balance Sheets of SRS Finance on The Economic Times. Practice to excel and get familiar with the paper pattern and the type of questions. P&L. Krishna's shares were forfeited immediately after the first call. The rate of tax deducted at source is 10%.Pass necessary journal entries for the issue of 9% debentures and debenture interest for the year ended 31.3.2016. Add to watchlist . M.M. From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. Shares of both Deepak and Raju were forfeited immediately after allotment. (iii) Patents will be completely written off and 5% depreciation will be charged on stock, machinery and building. Balance sheet (Rs crore) Mar ' 19 Mar ' 18 Mar ' 17 Mar ' 16 Mar ' 15; Sources … Anurag Ltd. decided to issue 50,000 equity shares. Its today's share price is 0. On 31-3-2019, their Balance Sheet was as … Question 32. Ratio. SRS Ltd. - Research Center. Bonus. Delhi - 110058. 40,000 on which … Dr Cr Ordinary shares (£1) 310,000 10% preference shares 100,000 10% debenture 2010 120,000 Profit for year ended 30/04/2013 137,000 Profit for year ended … Showing your workings clearly [4] Notes. Its today's share price is 0.19. Santosh Limited has the following balance appearing in the Balance sheet Security premium Rs 3600,000, 90% debenture – Rs 1,20,000, … SRS Real Estate Ltd. was incorporated in the year 2005. Ltd Balance Sheet as at 31-3-2015 The company closes its books on 31st March every year. 232, Block C-3, Janakpuri, New Delhi, In addition, some financial ratios derived from these reports are featured. Raju, a shareholder holding 100 shares, also failed to pay the allotment money. 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 R Ltd., Prepare a Common Size Statement Balance Sheet As at 31st March, 2019. Cash flow. From the following Balance Sheet of Mishi Ltd. as at 31st March, 2019, prepare Cash Flow Statement: Particulars. Get the annual and quarterly balance sheet of Apple Inc. (AAPL) including details of assets, liabilities and shareholders' equity. Sometimes facts relevant to the proper preparation of financial statements are not known at closing or even during the 90-120 days following closing when the final closing balance sheet is due and working capital adjustments are to be finalized. Half yearly. Second and final call was made afterwards and was duly received. Shareholder’s Fund: 7,00,000 5,00,000 a. From the Following Balance Sheet as Srs Ltd and the Additional Information as in 31.3.2016, Prepare a Cash Flow Statements : Interest on 9%debentures is payable on 30th September and 31st March every year. (iii) Stock was over valued by 20,000. Check you answers with answer keys provided. © Illustration: 4 (Revaluation of Fixed Assets) From the following balance sheet of H. Ltd. and its subsidiary S Ltd. drawn up at 31.12.2010. SRS Holdings Co. Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Particulars: Note No. Cash Flow Margin -69.8 bps Amount paid at time of application = 1,000 x 2 = 2000, https://www.zigya.com/previous-year-papers/CBSE/12/Accountancy/2017/CBSE2017028, ₹50,000 12% debentures were issued on 31.3.2016, ₹40,000 on which accumulated depreciation was, CBSE Class 12 Accountancy Solved Question Paper 2017, Class 11 NCERT Political Science Solutions, Class 11 NCERT Business Studies Solutions, Class 12 NCERT Political Science Solutions, Class 12 NCERT Business Studies Solutions, https://www.zigya.com/share/QUNFTjEyMTYyMzUw. The amount was payable as follows: On Application: ₹4 per share (including ₹ 3 premiums)On Allotment: ₹6 per share (including ₹ 3 premiums)On First Call: ₹5 per share (including ₹ 1 premium)On second and final call: Balance AmountThe issue was fully subscribed Gopal a shareholder holding 200 shares did not pay the allotment money and Madhav, a holder of 400 shares paid his entire share money along with the allotment money. Tradewell Securities Is India’s financial information source NSE/BSE Sensex Nifty, Indian Stock/Share Market, Live Stock Exchange/Investment, Stock Trading, Trading Tips, Stocks to Buy, Penny Stocks,ipo Capital structures. Afterwards, first and final call was made and was duly received. Allotment was made to the remaining applicants as follows:     Category                              No of Shares Applied                   No of shares Allotted       I                                                 80,000                                  40,000      II                                                 25,000                                  10,000Excess money paid by the applicants who were allotted shares was adjusted towards the sums due on allotment.Deepak, a shareholder belonging the Category I, who had applied for 1,000 shares, failed to pay the allotment money. The amount was payable as follows:On Application: ₹ 2 per shareOn Allotment :  ₹ 4 per shareOn First and Final Call: Balance AmountThe issue was oversubscribed three times. and Y were partners in a firm sharing profits in the ratio of 3: 2. Its today's share price is 0.19. On 1.4.2015, KVK Ltd. issued 15,000, 9% debentures of ₹ 100 each at a discount of 7%, redeemable at a premium of 10% after 10 years. All the forfeited shares were reissued at ₹ 9 per share fully paid up.Pass necessary journal entries for the above transaction in the books of the company. 2. Download the PDF Sample Papers Free for off line practice and view the Solutions online. Balance in Statement of Profit and Loss), 1) Rs 50,000, 12% debentures were issued on 31.3.2016. of S. Ltd. stood at Rs. EQUITY AND LIABILITY : 1. 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. SRS Ltd. was incorporated in the year 2000. (iv) Yasmin and Saloni will share future profits in the ratio of 3:2(v)  Goodwill of the firm on Sameer's retirement was valued at ₹5,40,000.Pass necessary journal entries for the above transactions in the books of the firm on Sameer’s retirement. Annual. Question 7. Showing your workings clearly Particulars Note No. From the following Balance Sheet of SRS Ltd. and the additional information as on 31st March, 2016, prepare a Cash Flow Statement: SRS Ltd. BALANCE SHEET as on 31st March, 2016 2) During the year a piece of machinery costing Rs40,000 on which accumulated depreciation was Rs 20,000 was sold at a loss of Rs 5,000. 31.3.2015 Rs. Question By default show hide Solutions. Back to Company Page. On 31.3.2016, their Balance Sheet was as follows:On the above date, Sameer retired and it was agreed that:(i) Debtors of 4,000 will be written off as bad debts and a provision of 5% on debtors for bad and doubtful debts will be maintained. Prepare a consolidated Balance sheet as on that date having regard to the following. Its current market capitalisation stands at Rs 5.29 Cr. SRS Finance Ltd. was incorporated in the year 1994. 533569 SRSLTD Group (Z) BSE data. 50,000 and 30,000 … JJK Ltd invited application or issuing 150,000 equity shares of 10 each at par. 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 … From the Following Balance Sheet of Mishi Ltd. as at 31st March, 2019, Prepare Cash Flow Statement: - Accountancy. Note Number: The Cash Flow Statement of SRS Ltd. presents the key Cash Flow ratios, its comparison with the sector peers and 5 years of Cash Flow Statement. 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