MAN the Assignment 6

Name : Raas hi Rege

Roll No : BJ 22190
 In the books of Stoll 's co .

Date Particular Debit Amt credit Amt

Cins) Cin $)
Jan 29 Cash Afc Dr .
79,200
loss on sale Rob Notes Do .
4.90
TO DI AAS Bnotee
-

Ale 79,690
( sale of Bnotesfor
Being
cash at a loss)

July 6 DI AFSCO ✗ Bonds AKDR 1126,600

-
-
.

TO cash Afc 1126,600

(
Being pueehasedoco .

✗ Bonds for
cash )

Nov /3 DI AFSCO
-
. -2 notes Alc Dr . 2.67.900
To cash Alc 2,67900
(
Being purchase ofcoznotes
for cash)

Dec 9 Cash Alc Dr .

515000

loss on sale DI-AFS.co .

20,300
A- bonds Afc -
Dr.
TODI AFSCOA bonds Afc
-
535300
( sale of DIAFSCO
Being .

A- bonds for
loss )
 Workings Cin $ )
cost value fair value
A bonds
company 535300 490,000
B notes 1159,380 1,541000
company
company C bonds 6,62750 6140,940
3,571430 12184,940
iunesealised loss of $72,490)
cost value Pais Value

Company ✗ bonds 1,261600 1,181000

Company CB notes 79,690 81,000

Company bonds 6,621750

2167900
6,101000
2- 2178,000
Company notes
11,361940 10,87000
(unrealised loss of $49940)

Unrealised loss -
debt balance on 31 Dee

opening 72490
Closing bat @994I
Charged
tofrA22500-B.IS
of Stoll was on Dee 31

☒ longtesmAssets-DI-AFSC.)at
cost 1136940
beg.fr Adjust
DI Afs Cnet)
-
49949-1087000
tf Income statement of Stoll to for the
year ended December 31

loss on sale of Dl AFSCB notes ) @ 907

-

loss on sale of Dl Afs CA bonds3120,3001

-

Net impact on Its -290-7

0-41 In the books if Rose Company
④ Date Particulars Debit Amt Credit Amt
(in (in $)
April / 6 EI in Genco . Cinsignibi)Ak Dr. 84,000
TO cash Ah (3500×24) 84,000
(Being purchase of share

for cash)

July > Elin PepsiCo (Insignib)Ak Dr. 98,000

To cash AK(2000×49) 98,000
(Being purchase of shale
for cash)

July 20 F-Iinxesoxstockctnsig)AlcDr 16,000 .

To cash Afc (1000×16) 16,000

(Being purchase of shall for
cash)

Dr 3500
Aug 15 Cash Alc .

To Dividend RevenueAki 3500

( dividend revived
Being
from Genco stock)
.

Cash Alc (2000×30)

Aug 28 Dr. 60,000
To Gain on sale (2000×6) 12000
TO Elin GCMG #
nsigShalu)
(Being sale of Gem co 2000 -
) 48000

04-1 Cash Afc (2.5×2000) Dr. 5000

To Dividend Revenue Me 5000

(Being dividend ruined

from Pepsi .co Et)
Date Particulars Debit Amt Credit Amt
Lins ) (ins)

Deeks cash AFCGSOOXI) Dr

.
1500

TO Dividend Revenue Atc 1500

(Being dividend received

onaemco shales )
.

Deez cash Alc (2000×1^5) Dr. 3000

to Dividend Revenue Ale 3000
(
Being dividend ruined
on
Pepsico .
Shares )

Deed Unrealised loss on El

Ctnsign) Atc Dr
.
6000
TOFV Adjustment AFSAIC 6000
[Being unrealised loss
recorded )
Balance sheet of Rose G. as on

December 31
cuuentttsset
Stock Investment
Cost) 150,000
f.v adjustment @?#
Stock investment 1.44.000
Catfais Value)
1051 Income statement of Rose •

year ended December 31

for the

Dividend Revenue
Gain on sale of Pepsico . 1123¥08
-25¥
Total

Impact on Its
This will be transferred to owner's equity
and added .

↓ Dividend Revenue Alc ↑

cash
cash 530%0
Cash 1500
cash 3000
-
 Cin $3
Particulars Costvalue fair value
Genco (1500)
. 36,000 39000
12000 )
Pepsico
✗eso✗stock( 1000)
98000
16000
92000
13000

150,000 1,441000

Unrealised loss of $6000

↑fradjustmentEI(insignificant)Ak↓
OpeningBal 0
Unrealised
☒
80€
93 loss
C-5A-lntnebooksofs.dk Steel Co.

Date Particular . Debit Amt Credit Amt

Cins) Cins]
41 Sang Equity Method lnMlAkDñ .
156,000
TO cash 160,000 shake) 156,000
[Being purchase of shares
for cash)
04-23 castrate Dr
1,921000
To Equity Invest Meth
Alc @0000×3.2) 192,000
(Being dividend received
from Kildare)

Dee 31 Equity Investors Ate Dr 2,321800

.

from
TO
Earnings
Equity Inve Alc 232,800
( Being earnings
revived from Kildare

42 04-15 Cash Afc Dr .

156,000
Innes Method
Equity
Afc (6000×3.2) 156000
( dividend
Being
ruined from Kildare)
Dee31 Equity lnvestttlc Dr. 295,200
TO
Earning from
Invest Afc
( Equity 2,951200
Being earnings received
from Kildare > (1476000×204)
 Date Particular Debit Ant credit Amt
Lins ) (in
Jan 2 Cash Alc Dr .
54200
To Equity Investment Alc 46800
TO Gain on sale Alc
-

7400
shares sold
lBeing3✗ -

cash
for at profit)

working
:

cost price of 1800 shales (4618007

sale
price of 1800 Shares
59428¥
C-GA-lnthebooksofselksteelco.CInsignibi)
Date Particular Debit Amt credit Amt
Cins)
④ (ins)
Janis Eeinkildaeeciirsign)AkDr .
1,56000
TO cash Alclboooo) 1,56000
(
Being pueehase 0660,000
Shares )

OCTB Cash Alc 1%3132 .

192,000
To Dividend Revenue 192,000
( Being cash paid 80h .

dividend)

Deist FV Adjustment Signi

Dr. 2 noooo

TO Unrealised Gainax 240000

( unrealised gain
Being
recorded ]
Deed Unrealised Gain Ak Dr 240000
TO transfer to -17s 24,0000
(Being unrealised
gain transferred to
Ils )
⑨ Oct Cash Aldo 0×26)Dn . 156,000
To Dividend Revenue 156000
[
Being dividend
ohllcived atprs.2.to
pesshaee)
 Date Particular . Debit Amt Audit Amt
tins) Cino
Debt Fr
Adjustment sign Alctr 120,000
To Unrealised Gain 1201000
(
Being unrealised
gain recorded )
Deed Unrealised Gain Ak Dr. 1201000
TO Transfer to Its Alc 1201000
( transfer of gain
Being
to Hs )

⑨ 2-Jan cash Ak Dr .

541200
Innes Ate
Totality
Gain on sale Alc
46,800
TO 7h00
( of shake)
Being sale
 Working
Particular cost value fair value
Kilda's Coolio) 11560,000 1.800,000

unrealised do $2M 0000

gain
42 Particular cost value faisnalue
Kildaeais (60,000) 15.60.000 19,201000

Unrealised gain of $3160,000

MFV AdjustmentAlek
OB 0

UNMGain2.no#d3 -2€
2M¥ -É
OB 240,000

uaTiᵈ 3}%¥_
CHI In the books of Amore Company

Particulars Debit Amt Credit Amt

µ Date
Cins) (in

July 's Dl trading target

Bonds) Alc D8 . 30,000
To cash Afc 30,000
( Dttrading
Being
bonds purchased for
cash )

Aug " Dltradinghkroges

Bonds) Ale Dr .
1,051000
To cash Afc 1,051000
(
Being DI -

trading bonds
purchased for cash)

Aya Dltradinglford
Bonds) Ak Dr .

60,000
TO cash Alc 60,000
(Being Di
Trading
-

bonds
pusehased
or cash )

Ak Dr 6,300
septs cash .

TO DI
Trading
-

Ctaeget Bonds)Ak
TO Crain from ¥80
sale of
TargetBonds
being salecfbonds
in cash
for profit ]
Dale Particulate Debit Amt cseditttmt
cins ) (inst

Cash Alc Dr 46,200

sep8 .

TODI -

Trading
Bonds Ak 45,000
Kroger
TO Gainfoomsate
of Dl -

Trading Alc 4200

(
Beingbond sold
cash floor
fol
profit
0th DI
Trading Marshall
-

Bonds Ale Dr .
1120,000
TO cash Alc 1,201000
(
Being bonds
for cash)
purchased
Novas cash Ale Dr .
54000
loss from sale 6,000
of Dl
Trading
Ak
-

Trading
TODI -

Ford Atc 60,000

( bonds sold
Beingcash
for Rata
loss)
Date Particulate Debit Amt credit Amt
Lins ? Lins )

Dee 31 f. ✓ Adjustment
☒ Trading Alc
-
Dr
.

4500
TO Unrealised
Gain on Dtt Ak 4500
(
Being recording
of unrealised
gain)
Dec 31 UnrealisedGamon
DIF Alc D8 .
4500
TO Transfer to
Income statement 4,500
( transfer of
Being
unrealised gain
to Income statement

Workings :

Particular costialuefaisvalue

Target (30,000-6,000) 24,000 25,500

Kroges (105000-45000) 60,000 66,000

Marshall 1,20000 1117,000
É
Unrealised Grain of $4500
 fr Adjustment DI
É
↳÷
◦

Unrealised
Gain nooo

II.
Unrealised Gain
É
Adjustments
µ
Transfer
toils DI
Trading Me
-
C-H-3-g.ooksofpahis.tn#
Date Particulars Debitttmt CreditAmt
(ins ) (ins)

④ Mallo DI AFS -

Apple bonds
Atc Dr 30,600
TO cash Ak 30,600
( purchase of Apple
Being
Bonds for cash)

Apr > DI -
Afsfosd notes AK Dr. 56,250
To cash AK 56,250
( Being
purchase Offord
notes for cash)

Sept DI -
AFS Polaroid
Bonds Afc Dr. 28,200
To cash Ale 28,200
(
Being purchase of Polaroid
Bonds for cash)

Dee 31 F-✓ Adjustment AFS Alc Dr . 1,950

To Unrealised Gain AK 1,950
( unrealised
Being gain
recorded atyeaeend )
④ Aps 26 Cash Alc Dr. 51,250
toss on sale of Dl Aps - 5000
Ford Notes Ate 56,250
TODI AFSPOSDNOKSAK
-

(Being saleofford Notes)

 Date Particulate DebitAmt CreditAmt
(ins ) (ins]

Jun 2 DI -
AFS Duracell Bonds AkDr 34,650.

To cash Ale 34,650

(
Being purchase of Duracell
Bonds for cash)

Jun 14131 AFS seals Notes Alc Dr. 25,200

-

TO cash Alc 25,200

(Being puschaseobseaes
Note for cash )

Nor27 Cash Alc Dr .

30,600
TODI AFS
-
Polaroid Bonds AK 28200
TO Gain for sale of bond Atc 2h00
(Being sale of Polaroid Bond
for cash at again)

Dec 31 f- V Adjustment APSAKDR . 550

To Unrealised Gain Ak 550
( transfer of unrealised
Being
gain)

⑨ Janos DI AB Coco Cola Bonds

- -
Ak Dr 40,000 .

To cash Atc 401000

Being purchase ofcowtoia
(
Bond for cash)
Date Particulars Debit Amt Credit Amt
Lins] (inst)

Anga cash Afc Dr .

25800
loss on sale of DI AB Apple Bonds Dr
-
. 4800
TO DI AFS
-

Apple Bonds Alc 30,600

(Being sale of Apple Bondsfosloss )

sep3 DI -
AAS Motorola Notes Alc Dr .
84,000
To cash Alc 84,000
(
Being purchase of Motorola Notes
for cash)

09-9 Cash Afc Dr

.
28,800
TO DI Afs
-
sears Notes Alc 25,200
TO Gain on sale of Dl Afs seals
-

3,600
Notes Alc
(
Being salecfseass Notes atgain)
0431 Cash Ak D2 .
27,000
loss on sale of Duracell Alc Dr . 7,650
TODI AFS-
Duracell Bonds Alc 34,650
(
Being sale of Duracell Bonds
at loss)

Dee 31 F. ✓ Adjustment DTAFSAK Dr. 6000

To Unrealised Gain Atc 6000
(
Being unrealised @ in transfused)
 Workings
% Rts ↑ fr Ats LHS
Adjustment Akt
-

41 Balance
Opening 0

Unrealised
Gain Afc 1,950-00sing Balance
1€
42
opening Balance -4¥
Unrealised Gain 550_ Closing Balance 2¥
_
43
Opening Bal ¥%
Unrealised Cta 6000-90 sing Bal
¥-00

LHS ↓ Unrealised Gain AKM RHS

4' opening Balance 0

closing Balance
Adjustment
ABI.gs#--
FV

Opening Balance 1950

Balance FV AdjustmentAfs550_
92
Closing
2€
Balance 2500
opening
#fV
•

43
Closing Balance Adjustment Af6O00_
 ( in $ )

§ Particulars
bonds
cost value fais Value
41 Apple 30,600 33,000
Ford notes .
56,250 54,600
Polaroid Bonds 28,200 29,400
1. 15,050 117,000

(unrealised profit of $1950)

42 Particular cost value faisralue
Apple bonds 301600 31,000
Duracell bonds 34,650 32m00
Seals Notes 251200 27600
90,450 91,000

(unrealised
profit of $550)
43 Particular cost value fair value
Coco Cola 40,000 48,000
Motorola
M-82i000.IQ#
( unrealised profit of $6000)
Realised Gains * losses

92 toss on sale of Ford Notes .

€0B
Gain on sale of Polaroid Bonds 2400
93 loss on sale of Apple Bonds (48003
Gain on sale ofseass Notes 3600
loss on sale of Duracell Bonds @650)

Impactor -17s 11,45€