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___ is the ratio of cost of goods sold plus operating expenses to net sales.

X.Ltd. issued 5,000, 15% debentures of Rs.100 each on April 01, 2013 at a discount of 10%, redeemable at a premium of 10% in equal annual drawings in 4 years out of capital.

Give journal entries both at the time of issue and redemption of debentures. (Ignore the treatment of loss on issue of debentures and interest.)

Gaining share =

Q13. Consider the following statements about Concentration margin:

1. A concentration margin would be levied on individuals and institutions whose exposure account for a major chunk of the total exposure in that respective equity or commodity derivative contract.

2. Concentration margin is a normal practice in many exchanges globally.

Which of the statements are correct?

Eastern Company Limited issued 40,000 shares of Rs. 10 each to the public for the subscription out of its share capital, payable as Rs. 4 on application, Rs. 3 on allotment and the balance on first and final call. Applications were received for 40,000 shares. The company made the allotment to the applicants in full. All the amounts due on allotment and first and final call were duly received. With how much amount shall the share capital be credited on first and final call?

Explain the modes of
payment to a retiring partner.

Clarify how motivation and abilities impact an individual's decision to choose entrepreneurship as a career.

From the following information, calculate Net Cash Flow from Operating Activities and Financing Activities:

Additional Information:

(i) During the year additional debentures were issued at par on 1st October and Bank Loan was repaid on the same date.

(ii) Dividend on Equity Shares 8% was paid on Opening Balance.

(iii) Income tax ₹ 1,12,500 has been provided during the year.

(iv) Preference shares were redeemed at par at the end of the year.

A financial statement that shows the inflows and outflows of cash during a particular period of time is known as:

X and Y were partners in a firm sharing profits and losses in the ratio of 3:2. Their Balance Sheet as at 31st March, 2017 was as follows:

$\begin{array}{cccc}\text{Capital and Liabilities}& \text{Rs}& \text{Assets}& \text{Rs}\\ \text{Creditors}& 42,000& \text{Current Assets}& 2,00,000\\ \text{Employee's Provident Fund}& 20,000& \text{Investment}& 50,000\\ \text{Contingency Reserve}& 30,000& \text{Furniture}& 20,000\\ \text{Profit \& Loss Account}& 45,000& \text{Machinery}& 90,000\\ \text{Workmen Compensation Reserve}& 18,000& \text{Advertisement Expenditure}& \\ \text{Investment Fluctuation Reserve}& 25,000& \text{(Deferred Revenue}& \\ \text{Capitals:}X1,20,000& & \text{Expenditure)}& 20,000\\ Y\underset{–}{80,000}& 2,00,000& & \\ & \underset{–}{\overline{3,80,000}}& & \underset{–}{\overline{3,80,000}}\end{array}$

They admit Z into partnership on 1st April, 2017 and the new profit sharing ratio is agreed at 2 : 1 : 1. It is estimated that:

(i) Claim on account of Workmen's Compensation is estimated at Rs 10,000.

(ii) Market value of Investments is Rs 46,000.

Give necessary journal entries to adjust accumulated profits and losses.

Interest on Debentures is a/an ___ and is debited to the Profit & Loss A/c.

The profit of Philips Ltd. after appropriations was Rs. 2,50,000. This profit arrived at after taking into consideration the following items:
$$\begin{array}{ccc}\text{S. No.}& \text{Particulars}& \text{Amount}\\ 1.& \text{Depreciation on Fixed Tangible Assets (Machinery)}& 20,000\\ 2.& \text{Loss on Sale of Fixed Tangible Assets (Furniture)}& 2,000\\ 3.& \text{Goodwill written off}& 9,000\\ 4.& \text{Provision for Taxation}& 35,000\\ 5.& \text{Transfer to General Reserve}& 17,500\\ 6.& \text{Gain on Sale fo Fixed Tangible Assets (Machinery)}& 8,000\end{array}$$

Additional Information:

$$\begin{array}{ccc}\text{Particulars}& \text{31-03-2016}& \text{31-02-2017}\\ & & \\ \text{Trade Receivables (All good)}& 50,000& 62,000\\ \text{Trade Payables}& 45,000& 55,000\\ \text{Inventory}& 12,000& 8,000\\ \text{Income Received in Advance}& 8,000& -\\ \text{Outstanding Expenses}& 6,000& 3,000\\ \text{Prepaid Expenses}& -& 5,000\\ & & \end{array}$$

Which of the following statements is false

Ram, Shyam & Mohan are partners in a firm sharing profits & losses in the ratio of 2:1:2. Their fixed capitals were 3,00,000, 1,00,000 and 2,00,000 respectively. Interest on capital for the year ending 31st March, 2015 was credited to them 9% p.a. instead of 10% p.a. The profits for the year before charging interest was 2,50,000. Prepare necessary adjustment entry

Number of days or months / Trade receivables turnover ratio is used for calculating ___

While adjusting for goodwill, ___________ partners' capital account is debited and ___________ partners' capital account is credited.

The face value of a share is Rs 100/-. It is issued at 10% premium. What is the amount of premium?

A
physical quantity P
is related to four observables
a,
b, c and d
as follows:

The percentage errors of measurement in
a, b,
c and d
are 1%, 3%, 4% and 2%, respectively. What is the percentage error in
the quantity P?
If the value of P
calculated using the above relation turns out to be 3.763,
to what value should you round off the result?

X.Ltd. purchased a Machinery from Y for an agreed purchase consideration of Rs 4,40,000 to be satisfied by the issue of 12% debentures of Rs 100 each at a premium of Rs 10 per debenture. Journalise the transactions.

If sales is Rs 10,00,000, sales returns is Rs 50,000, Profit Before Tax is Rs 2,00,000, Income tax is 40%, Net profit ratio is___

Identify various matters that need adjustments at the time admission of a new partner .

What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 6000 in the middle of each quarter.