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प्रश्न
Hero Ltd. has raised following long-term loans on 1st April, 2018:
| 10,000; 10% Debentures of ₹ 100 each redeemable in four equal yearly | ₹ |
| installments beginning 1st July, 2019 | 10,00,000 |
| 11% Bank Loan from SBI repayable after 5 years | 20,00,000 |
| Interest on Debentures and Bank Loan has not yet been paid. |
How will be the above items shown in the Balance Sheet of the company as at 31st March, 2019?
उत्तर
Extract of Balance Sheet
as at March 31, 2019
|
Particulars |
Note No. |
Amount (₹) |
||
|
2. Non-Current Liabilities |
|
|
||
|
Long-term Borrowings |
|
|
||
|
11% Loan from SBI |
20,00,000 |
|
27,50,000 |
|
|
7,500, 10% Debentures of Rs 100 each |
7,50,000 |
|
||
|
3. Current Liabilities |
|
|
||
|
Other Current Liabilities |
|
|
||
|
Current Maturity of Long-term Debts (2,500 |
2,50,000 |
|
5,70,000 |
|
|
Interest accrued and Due on Debentures |
1,00,000 |
|
||
|
Interest accrued and Due on Loan |
2,20,000 |
|
||
|
Total |
|
33,20,000 |
||
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संबंधित प्रश्न
State, with reasons, whether the following statement is True or False.
Financial management is essential for all types of organisations.
State, with reason, whether the following statement is True or False.
Financial management is essential for all types of organisation.
What are the main objectives of financial management? Briefly explain.
Short Answer Question
List any three objectives of financial statements?
Under which of the major heads will the following items be shown while preparing Balance Sheet of a company, as per Schedule III of the Companies Act, 2013:
(i) Unamortised Loss on Issue of Debentures (To be written off after 12 months from the date of Balance Sheet)
(ii) 10% Debentures
(iii) Stock-in-Trade
(iv) Cash at Bank
(v) Bills Receivable
(vi) Goodwill
(vii) Loose Tools
(viii) Truck
(ix) Provision for Tax; and
(x) Sundry Creditors?
Name the major heads under which the following items will be presented in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:
(i) Loose Tools
(ii) Unpaid Dividend
(iii) Copyrights and Patents.
(iv) Land and Building
Identify the major heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of Companies Act, 2013:
(i) Provision for Tax
(ii) Loan payable on demand
(iii) Computer and related equipment
(iv) Goods acquired for trading
| Prepare Balance Sheet of the Company as per Schedule III of the Companies Act, 2013: | ₹ |
| 10% Debentures of ₹ 100 each | 1,90,000 |
| Stock-in-Trade (inventories) | 40,000 |
| Goodwill | 20,000 |
| Provision for Tax | 60,000 |
Totalling of Balance Sheet is not required
From the following information, calculate Change in Inventory of Finished Goods: Opening Inventory and Closing Inventory of Finished Goods ₹2,00,000 and ₹1,75,000 respectively.
From the following information, calculate Change in Inventory of Work-in-Progress:
Opening and Closing Work-in-Progress ₹1,50,000 and ₹1,45,000 respectively.
From the following information, calculate Change in Inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade ₹5,00,000 and ₹4,00,000 respectively.
From the following information of Hospitality Ltd. for the year ended 31st March, 2018, calculate amount that will be shown in the Note to Accounts on Changes in inventiories of Finished Goods, WIP and stock-in-Trade:
| Particluars |
Opening Inventory (₹) |
Closing inventory(₹) |
||
| Finished Goods |
5,00,000 |
5,50,000 |
||
| Work-in-Progress |
4,50,000 |
4,25,000 |
||
| Stock-in-Trade | 6,50,000 | 6,00,000 | ||
What are the objectives of financial statement?
Other things remaining the same, an increase in the tax rate on corporate profit will :
What are the objectives of financial management?
For optimal procurement of funds, a finance manager identifies different available sources and compares those items in terms of cost and associated risks. Identify concept highlighted in the above lines.
The foremost objective of financial management is :
The foremost objective of financial management is:
