Advertisement Question No 31 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 31. A trader carries an average stock 40,000 [cost]. His stock turnover is 8 times. If he sells goods at a profit of 20% on sales, Read More …
Category: Unimax Accountancy Class 12 Part 2
Advertisement
Question No 30 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 30 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 30. From the following calculate stock turnover ratio: Particulars ₹ Opening stock 24,000 Closing stock 26,000 purchase 73,000 wages 20,000 Sales 1,20,000 Carriage Inwards 9,000 The Read More …
Question No 29 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 29 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 29. From the following information calculate inventory turnover ratio: Particulars ₹ Fixed assets (original cost) 4,00,000 Opening stock 58,000 purchase 4,84,000 Sales 6,40,000 Gross profit ratio Read More …
Question No 28 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 28 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 28. From the following calculate stock turnover ratio: Particulars ₹ Opening stock 29,000 Closing stock 31,000 Sales 3,00,000 Gross profit ratio 25% on cost The Read More …
Question No 27 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 27 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 27. From the following calculate stock turnover ratio: Particulars ₹ Opening stock 29,000 Closing stock 31,000 Sales 3,20,000 Gross profit ratio is 25% The solution Read More …
Question No 26 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 26 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 26. From the following particulars from the balance sheet of Khamish Ltd. As at 31st March 2022. Particulars ₹ Equity share capital 9,00,000 10% preference share Read More …
Question No 25 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 25 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 25. From the following details, from the financial statements of Kiya Ltd for the year ended 31st March 2022. Calculate interest coverage ratio. Net profit after Read More …
Question No 24 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 24 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 24. From the following information calculate shareholders funds : Particulars ₹ Current ratio 2.5 Liquid ratio 1.5 Proprietary ratio 0.75 Working capital 60,000 Reserve and surplus Read More …
Question No 23 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 23 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following information, calculate (1) debt-equity (2) Proprietory ratio Particulars ₹ Equity share capital 20,00,000 Reserve and surplus 5,00,000 6% debenture 15,00,000 Loan from ICICI Read More …
Question No 22 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 22 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following information, calculation total assets to debt ratio: Particulars ₹ Equity share capital 10,00,000 General reserve 2,00,000 10% debenture 3,60,000 Sales for the year Read More …
Question No 21 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 21 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 Calculated debt-equity ratio from the following information: Particulars ₹ Current liabilities 50,000 Total debts 2,00,000 Total assets 3,25,000 The solution of Question No 21 Chapter 7 Read More …
Question No 20 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 20 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 Calculate debt-equity ratio from the following information: Particulars ₹ Equity share capital 5,00,000 General reserve 1,00,000 50,000 10% debenture 1,30,000 Current liabilities 1,00,000 Preliminary expenses Read More …
Question No 19 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 19 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following ascertain debt-equity ratio Particulars ₹ Equity share capital 2,00,000 General reserve 1,60,000 10% debenture 1,50,000 Current liabilities 1,00,000 Preliminary expenses 10,000 The solution Read More …
Question No 18 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 18 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 The debt-equity ratio of X Ltd. is 1:2. Which of the following would increase, decrease or not change the debt-equity ratio. (a) Issue of equity shares(b) Read More …
Question No 17 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 17 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following information calculation the debt-equity ratio and the current ratio: Particulars ₹ Debenture 1,40,000 Long Term Loans 70,000 Bank balance 30,000 Debtors 70,000 General Read More …
Question No 16 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 16 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following information calculation the debt-equity ratio and the current ratio: Particulars ₹ Share capital 1,00,000 Bills payable 18,000 Bank balance 40,000 General reserve 60,000 Read More …
Question No 15 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 15 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following information calculation the debt-equity ratio: Particulars ₹ Share capital 1,50,000 Bills payable 13,000 Creditors 57,000 Debenture 2,75,000 Debtors 95,000 Bank balance 45,000 Long Read More …
Question No 14 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 14 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 Current assets of a company are ₹ 5,00,000: Current ratio 2.5:1 and quick ratio 1:1. Calculation the value of current liabilities, liquid asset and stock. The Read More …
Question No 13 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 13 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 Current ratio 2.5:1 working capital is ₹ 60,000. Calculate the amount of current assets and current liabilities. The solution of Question No 13 Chapter 7 – Read More …
Question No 12 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 12 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 The current ratio is 2:1. State giving reasons which of the following transactions would improve, reduce and not change the current ratio.(a) Repayment of current liabilities(b) Read More …
Question No 11 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 11 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 Current liabilities of a company were ₹ 1,20,000 and its current ratio was 3:1. Afterwards it purchases goods for ₹ 40,000 on credit. Calculation the revised Read More …
Question No 10 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 10 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 X Ltd. has current ratio 3.5:1 and quick ratio of 2:1. If its inventory is ₹ 30,000. Find out its current assets, current liabilities and quick Read More …
Question No 09 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 09 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 The ratio of current assets (₹ 9,00,000) to current liabilities (₹ 6,00,000) is 1.5:1. The accountant of the firm is interested in maintaining a current ratio Read More …
Question No 08 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 08 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 X Ltd. has a current ratio 3.5:1 and quick ratio of 2:1. If the stock is ₹ 24,000, calculation total current liabilities and current assets. The Read More …
Question No 06 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 06 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following information calculation the value of stock: Quick Ratio = 1.5:1 Current assets = ₹ 1,00,000 Current liabilities = ₹ 40,000 Read More …
Question No 05 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 05 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 Current liabilities of a company are ₹ 5,60,000; Current ratio is 5:2 and Quick ratio is 2:1. Find the value of stock. The solution of Question Read More …
Question No 04 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 04 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following calculation current ratio and acid test ratio: Particulars ₹ Fixed assets 1,00,000 Sock 37,200 Debtors 19,200 Cash 39,600 Prepaid expenses 10,000 Creditors 36,000 Read More …
Question No 03 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 03 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 A firm has a current ratio of 3:1. Its net working capital is ₹ 2,00,000. You are required to determine 1. Current Asset 2. Current Liabilities Read More …
Question No 02 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 02 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 X Ltd. has current ratio 3.5:1 and quick ratio of 2:1. If its inventory is ₹ 30,000. Find out its current assets, current liabilities and quick Read More …
Question No 01 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 01 Chapter 7 – UNIMAX Class 12 Part 2 – 2021 From the following information, calculation ratio and quick ratio: Particulars ₹ Sundry debtors 4,00,000 Preliminary expenses 40,000 Debentures 2,00,000 Stock 1,60,000 Bills payable 80,000 Marketable securities Read More …
Question No 31 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 31 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare common size income statement: Particulars 2021 2022 Revenue from operation(sales) 2,50,000 2,50,000 Cost of goods sold 60% of sales 50% of sales Operating expenses 30,000 Read More …
Question No 30 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 30 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare common size income statement: Particulars 2021 2022 Revenue from operation(sales) 1,00,000 1,50,000 Cost of goods sold 30% of sales 35% of sales Income tax 25% Read More …
Question No 29 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 29 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information, prepare common size statement of X Ltd. Particulars 2021 2022 Revenue from operation 120% of COGS 150% of COGS Cost of revenue Read More …
Question No 28 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 28 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare common size income statement form the following information. Particulars 2021 2022 Revenue from operation 12,00,000 18,00,000 Gross profit 40% of revenue from operating 50% of Read More …
Question No 27 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 27 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information of Jaskirat Steels Ltd. prepare common size income statement. Particulars 2022 2021 Gross sales 4,00,000 3,00,000 Sales return 8,000 20,000 Direct expenses Read More …
Question No 26 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 26 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare common size statement of profit from the following information. Particulars 2022 2021 Revenue from operation 6,00,000 8,00,000 Office & Administrative exp. 1,40,000 34,500 Income tax Read More …
Question No 25 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 25 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare a common size income statement from the following and interpret the same. Particulars 2022 2021 Revenue from operation 1,50,000 2,00,000 Other income 10,000 10,000 Cost Read More …
Question No 24 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 24 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare common size income statement from the following information. Particulars 2022 2021 Revenue from operation 1,20,000 1,00,000 Cost of material consumed 87,200 70,000 Direct expenses 20,000 Read More …
Question No 23 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 23 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare a common size income statement of profit from the following information: Particulars 2021 2022 Revenue from operation 30,00,000 24,00,000 Purchases of stock in trade 20,00,000 Read More …
Question No 22 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 22 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information relating to Ruby Ltd. prepare a common size income statement. Particulars 2021 2022 Sales (revenue from operation) 60,000 90,000 Material consumed 30,000 Read More …
Question No 21 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 21 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare common size balance sheet from the given information. Particulars 2022 2021 Equity and Liabilities Share Capital 10,00,000 5,00,000 Reserve & Surplus 2,00,000 3,00,000 Read More …
Question No 20 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 20 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information, prepare common size balance sheet of Ishu Ltd. Particulars 2022 2021 Share Capital 5,00,000 5,00,000 Reserve & Surplus 6,00,000 3,00,000 Trade payable Read More …
Question No 19 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 19 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Following are the balance sheet of Maharaja Ltd. as on 31-12-2021 & 31-12-2022. Particulars 2022 2021 Share Capital 2,00,000 1,40,000 Reserve & Surplus 50,000 75,000 12% Read More …
Question No 18 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 18 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare common size balance sheet as at 31-3-2021 and 2022 from the following balance sheets. Particulars 31-3-2021 31-3-2022 1.Shareholder’s Fund (a) Share Capital 75,000 Read More …
Question No 17 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 17 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare common Size Balance Sheet of M/s Traders from the following: Particulars 31-3-2021 31-3-2022 1.Shareholder’s Fund (a) Share Capital 7,00,000 4,00,000 (a) Reserve & Read More …
Question No 16 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 16 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information, prepare a comparative income statement of Somesh Ltd. Particulars 2021 2022 Sales 120% of COGS 150% COGS Cost of goods sold 20,00,000 Read More …
Question No 15 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 15 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare a comparative Income Statement from the following information: Particulars 2021 2022 Sales 2,00,000 3,00,000 Cost of goods sold 60% of Sales 70% of sales Indirect Read More …
Question No 14 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 14 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare a comparative Income Statement from the following information: Particulars 2021 2022 Gross profit 1,20,200 1,35,800 Sales return 5,200 3,800 Cost of goods sold 80,000 84,000 Read More …
Question No 13 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 13 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information, prepare comparative income statements of X Ltd. Particulars 2021 2022 Revenue from operation 120% of COGS 150% of COGS Cost of revenue Read More …
Question No 12 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 12 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare comparative income statement from the following information. Particulars 2021 2022 Revenue from operation 6,00,000 9,00,000 Gross profit 40% of revenue form operation 50% of revenue Read More …
Question No 11 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 11 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information of Jaskirat Steels Ltd. prepare comparative income statement. Particulars 2022 2021 Gross profit 4,00,000 3,00,000 Sales return ` 8,000 20,000 Direct expenses Read More …
Question No 10 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 10 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare comparative statement of profit from the following information. Particulars 2021 2022 Revenue from operation 60,00,000 80,00,000 Office & Administrative expenses 14,00,000 3,45,000 Income tax rate Read More …
Question No 09 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 09 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare a comparative Income Statement from the following and interpret the same. Particulars 31-3-2022 31-3-2021 Revenue from operation 15,00,000 20,00,000 Other income 1,00,000 1,00,000 Cost of Read More …
Question No 08 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 08 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare comparative income statement from the following information: Particulars 2021 2022 Revenue from operation 12,00,000 10,00,000 Cost of material consumed 8,72,000 7,00,000 Direct expenses 2,00,000 1,00,000 Read More …
Question No 07 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 07 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare a comparative statement of profit & Loss the following information: Particulars 2021 2022 Revenue from operation 15,00,000 12,00,000 Purchases of stock In trade 10,00,0000 7,00,000 Read More …
Question No 06 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 06 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information relating to Ruby Ltd. prepare a comparative income statement. Particulars 2021 2022 Sales (Revenue from operation) 6,00,000 9,00,000 Material consumed 3,00,000 4,80,000 Read More …
Question No 05 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 05 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare comparative Balance sheet from the given information. Particulars 31-3-2022 31-3-2021 Equity & Liabilities 1.Share Capital 10,00,000 5,00,000 Reserve & Surplus 2,00,000 3,00,000 Long Read More …
Question No 04 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 04 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 From the following information, prepare comparative Balance Sheet of Ishu Ltd. Particulars 31-3-2022 31-3-2021 Share Capital 10,00,000 10,00,000 Reserve & Surplus 12,00,000 6,00,000 Trade payable 12,70,000 Read More …
Question No 03 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 03 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Following are the Balance Sheet of Maharaja Ltd. as on 31-12-2021 and 31-12-2022: Particulars 31-12-2022 31-12-2021 Share Capital 40,00,000 28,00,000 Reserve & Surplus 10,00,000 15,00,000 Loan Read More …
Question No 02 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 02 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare Comparative Balance Sheet as at 31-3-2021 and 2022 from the following Balance Sheets: Particulars 31-3-2021 31-3-2022 Equity & Liabilities 1 Shareholder’s Fund Read More …
Question No 01 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 01 Chapter 6 – UNIMAX Class 12 Part 2 – 2021 Prepare comparative balance sheet of M/s Raja Traders from the following: Particulars 31-3-2022 31-3-2021 1 Shareholder’s Fund (a) Share Capital 70,000 40,000 (b) Reserve Read More …
Question No 20 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 20 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Form the following information extracted from the books of Verma Ltd. prepare Balance Sheet. (000) Share capital 3,000 Other current assets 800 Reserve Read More …
Question No 19 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 19 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 From the following information, prepare the balance sheet of a company in the prescribed perform as per Schedule 3 part 1 as at 31st March, 2022. Read More …
Question No 18 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 18 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 From the following particulars furnished by ABC Ltd., prepares the balance sheet as at 31st March, 2022 as required by Part 1 Schedule 3 of the Read More …
Question No 17 Chapter 4 – Unimax Class 12 Part 2 – 2021
Advertisement Question No 17 Chapter 4 – Unimax Class 12 Part 2 – 2021 The following balances have been extracted from the books of Pioneer Ltd. as of 31st March 2022: ₹ Equity share capital (fully paid shares of Read More …
Question No 16 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 16 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 The following Balance appear in Books of Y Ltd ₹ Land and Building 1,80,000 Plant and Machinery 1,25,000 Goodwill 15,000 Stock 90,000 Cash 30,000 Shares Read More …
Question No 15 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 15 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 The following ledger balances were extracted from the books of Varun Ltd. on 31st March, 2022.Land and Building ₹ 2,00,000; 12% Debenture ₹ 2,00,000; Share capital Read More …
Question No 14 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 14 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Show how will you show the following items in the Balance Sheet of a Limited Company as on 31st March, 2022?(1) Original cost of Machinery ₹ Read More …
Question No 13 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 13 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Prepare a Balance Sheet of V.T. Ltd. as on 31st March 2022 as per provisions of Part 1, Schedule 3, of the Companies Act, 2013 from Read More …
Question No 12 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 12 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 X Ltd. has an authorized capital of ₹ 30,00,000 dividend into equity shares of ₹ 10 each. The company invited application for 1,20,000 shares. Application for Read More …
Question No 11 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 11 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Rearrange the following in the from of Company Balance Sheet S per Schedule 3 part 1 of the companies Act, 2013. ₹ Bills Payable 50,000 Read More …
Question No 10 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 10 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 The following figures were extracted from the Trial Balance of X Ltd. share capital of 20,000 equity shares of ₹ 10 each fully paid. Securities premium Read More …
Question No 09 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 09 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Under which heading will you show the following items?(a) Debenture Suspense Account(b) Provision for Provident fund(c) Development Expenditure(d) Profit & Loss Account (Dr.)(e) Uncalled liabilities on Read More …
Question No 08 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 08 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 How would you disclose the following items in the balance sheet of a company: (1) Interest accured on investments(2) Calls unpaid (3) Debenture Redemption (4) Discount Read More …
Question No 07 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 07 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Under which will you show the following items in the balance sheet of a limited company? (1) Preposed Dividend (2) Work in Progress(3) Acceptance (Bills Payable)(4) Read More …
Question No 06 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 06 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 How would you disclose the following items in the Balance sheet of a Limited company:(1) Stock; (2) Goodwill; (3) Bills payable; (4) Preliminary expenses; (5) Unclaimed Read More …
Question No 05 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 05 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Rearrange the following items under three heads:(1) Fixed assets (2) Current assets (3) Tangible assets A. Stock in trade K. Leasehold B. Cash in hand L. Read More …
Question No 04 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 04 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 How would you disclose the following items in the balance sheet of a Limited company:(1) Furniture (2) Securities premium account (3) Provision for Tax (5) Loose Read More …
Question No 03 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 03 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 State briefly the items which included in the following heads under which assets of a limited company are shown: (Fixed assets (b) Investment; (c) Current assets, Read More …
Question No 02 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 02 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Rearrange the following items under three heads:(1) Fixed assets (2) Current assets (3) Tangible assets A. Stock in trade K. Leasehold B. Cash in hand L. Read More …
Question No 01 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 01 Chapter 4 – UNIMAX Class 12 Part 2 – 2021 Rearrange the following heads of assets side of balance sheet: (a) Miscellaneous expenditure, (b) Loan and Advance, (c) Fixed assets, (d) Investment, € Current assets. The Read More …
Question No 12 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 12 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 Akanksha Enterprises Ltd. (an unlisted company) issued 10,00,00,000 6% debenture of ₹ 10 each on September 1,2014 redeemable at premium of 7% as under: On March Read More …
Question No 11 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 11 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 Tala Power Ltd. (an unlisted company) issued 40,000, 7% debenture of ₹ 100 each on July 1,2017 redeemable at premium of 5% as under: On March Read More …
Question No 10 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 10 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 ABC Enterprises Ltd. issued 70,000, 6.1/2% debenture of ₹ 100 each on October 1,2015 redeemable in five equal annual instalments starting with March 31,2019. The board Read More …
Question No 09 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 09 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 Pooja Ltd. (an unlisted company) issued 3,000, 10% debenture of ₹1,000 each at par on 1st April, 2020 redeemable in three equal half yearly instalments by Read More …
Question No 08 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 08 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 On 1st April, 2018 Mayur Ltd. (an unlisted company) invited application for issuing 8,000, 5% debenture of ₹ 100 each at a discount of 5%. There Read More …
Question No 07 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 07 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 Hari Ltd. (an unlisted company) 25,000,6% debentures of ₹ 100 each on March 31,2017 redeemable at a premium of 6% on 30th sept. 2022. The board Read More …
Question No 06 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 06 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 Jyoti Ltd. (an unlisted company) had issued 10,000, 8% debenture which are due to be redeemed out of profit on 1st Oct. 2022 at a premium Read More …
Question No 05 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 05 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 Nitu Ltd. (an unlisted company) has 20,000, 7%, debentures of ₹ 100 each due for redemption on 31st March 2022. Debenture Redemption Reserve has a balance Read More …
Question No 02 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 02 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 PQ Ltd. (an unlisted company) issued ₹ 10,00,000, 8% debenture of ₹ 100 each on April 1,2019 at a premium of 5% redeemable at a premium Read More …
Question No 01 Chapter 3 – UNIMAX Class 12 Part 2 – 2021
Advertisement Question No 01 Chapter 3 – UNIMAX Class 12 Part 2 – 2021 ‘N’ Ltd. (an unlisted company) issued 10,000, 6% debentures of ₹ 100 each at a premium of 5% on 1st April 2019 redeemable on 31st March Read More …
Question no 40 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 40 Chapter 2- Class 12 Part 2 Unimax On 1st April, 2019, Sun India Ltd. issued 15,000, 12% debentures of ₹ 10 each at a discount of 5%, redeemable at par as follows: On 31st March, 2020 Read More …
Question no 39 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 39 Chapter 2- Class 12 Part 2 Unimax Savita Ltd. issued 10,000, 8% debentures of ₹ 100 each at a discount of 20%. It had balance in Securities premium reserve of ₹ 1,20,000 and ₹ 20,000 in Read More …
Question no 38 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 38 Chapter 2- Class 12 Part 2 Unimax On 1st April, 2021, Ashok Ltd. issued 5,000, 6% debenture of ₹ 700 each at a premium of 5% and redeemable at a premium of 10% after 5 years. Read More …
Question no 37 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 37 Chapter 2- Class 12 Part 2 Unimax On 1st April, 2021, Sneha Ltd issued 10,000,9%, debenture of ₹ 100 each at a premium of 5% and redeemable at a premium of 10 after 7 years. According Read More …
Question no 36 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 36 Chapter 2- Class 12 Part 2 Unimax Muskan Ltd. issued on 1st April, 2021, 20,000, 7% debenture of ₹ 100 each at 6% discount redeemable after 6 years at a premium of ₹ 10. All the Read More …
Question no 35 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 35 Chapter 2- Class 12 Part 2 Unimax Jassi Ltd. issue don 1st April, 2021, 10,000, 9% debenture of ₹ 100 each at 6% discount redeemable after five years at a premium of ₹ 10. All the Read More …
Question no 34 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 34 Chapter 2- Class 12 Part 2 Unimax On 1-4-2021, Riya Ltd. issued 30,000 8% debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 8% after three years. The amount was Read More …
Question no 33 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 33 Chapter 2- Class 12 Part 2 Unimax Ricky Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 1,00,000 of Vicky Ltd. at an agreed value ₹ 7,20,000. Ricky issued 10% debenture of ₹ 100 Read More …
Question no 32 Chapter 2- Class 12 Part 2 Unimax
Advertisement Question no 32 Chapter 2- Class 12 Part 2 Unimax On 1st April, 2021, Reetu Ltd. issued 20,000. 9% debenture of ₹100 each at a discount of 10% redeemable at par after 5 years. The issue price is payable Read More …