Corporate Accounting — Summer 2023

What is financial statement ? Explain any two statement from it .

from the following information calculate the value of goodwill on the basis of 3 years purchase of super profit method : Capital employed Rs. 50000 , trading profit (after tax ) ,rate of return 10% Years 2012 2013 2014 2015 Profit 12200 15000 -2000 21000

what do you mean by share ? Explain types of share .

write in detail specimen formate of corporate P& L A/Cand corporate Balance sheet with all schedules .

Dharti ceramic ltd. issued 300000 euity shares of rs.10 each at a premium of 150 per share. Amount called up per share was as under : On application Rs. 74 (including 70 Rs. For premium ) On allotment Rs. 44 (including 40 Rs. For premium ) On final call Rs. 42 (including 40 Rs. For premium ) Company received application for 300000 shares . all accounts due were received except final call on 2000 shares held by vijay . company forfeited vijay ’s shares after carrying out , necessary formalities and reissued those shares to Avani as full paid up at Rs. 80 per share . Pass necessary journal entries for the above transaction in the books of company .

what is goodwill ? Explain methods of goodwill .

Aravindkumar ltd. of ankleshwar issued 30000 , 12% debentures of Rs. 100 each , on which the amount per debenture was payable as under : On application Rs. 35 on allotment Rs. 40 on first and final call Rs. 25 All the debenture were applied . mansi , the holder of 1000 debentures paid the entire amount on his holding on allotment . where , Rima the holder of 400 debentures failed to pay the allotment and call amount . all the amount on allotment and call were duly received on all remaining debentures . Pass necessary journal entries for the above transaction in the books of company .

Write the journal entries in the books of Ram ltd . I) Issue 8500 , 9.5% debentures of Rs. 100 each at par , redeemable also at par II) Issue 9500 , 9.5% debentures of Rs. 100 each at discount of 10% , redeemable at par III) Issue 8000 , 10% debentures of Rs. 200 each at premium of 10% , redeemable at par IV) Issue 12000 , 8% debentures of Rs. 100 each at par , redeemable at 115 Rs.par debenture. Page 1 of

Explain in detail types of share capital with example .

The Following are the balance sheet of john engineering ltd. as on 31st march ,2016 : Liabilities Amount Assets Amount 150000 equity shares of Rs. 1500000 Land and building 2300000 10 each (fully paid up ) 200000 equity shares of 1200000 Furniture 390000 Rs.10 each ,rs.6 paid up 60000,12% cumulative pref. 600000 Profit loss a/c 1300000 shares of Rs.10 each , fully paid up Long term loan 1400000 Inventories 830000 Trade payable 650000 Trade receivables 410000 Bank 120000 The current value of land and building is Rs. 3000000 and furniture is Rs. 250000 , stock Rs. 911000 . calculate the intrinsic value per equity share by the net assets method .

Explain in detail difference between fund flow statement and cash flow statement .

write a short note on :( any 2 )

Calls in arrears ii) Calls in advance iii) Sources and application A/C iv) Cash flow activities

Balance sheet of X Ltd. on 31st march 2016 was as under : Liabilities Amount Assets Amount Capital 250000 Land 180000 Creditors 80000 Machinery 110000 Bills payable 20000 Furniture 2000 Stock 8000 Cash and bank 50000 The profit of business last five years are respectively 40000 , 42000, 45000,50000, 53000. The assets are revalued such as land 19400 , machinery 118000,furniture 1000 . Find out goodwill by capitalization of super profit method .

Explain in detail Non profit organization with hypothetical example .

Write in detail statements including in NPO .

Diffreciate Income – Expenditure statement and Receipt –payment statement .

write difference between Equity shares and Preference share . Page 2 of