Po Daisies Question ‘Subquestion No. C--C-L-C ae An Particular Prt Land @ Building 2U 50 c00 lUiguidatH Plant 2 qoe.coo a Expenses | n. Furniture 285000 Liquid ater s 1,29, 600 Patents 40.000 Rema nent) floating chase +o cl 2%0000 wz1-deb, 10668 ‘Interest ‘ant Trade Receivaute | 3.15.00 prefevencial | _¢-seditord hat Bank co +S, F00 Cweditey sb 00) 1 unsecused i CoantiHy LCBedIteR3 — FSoceo © P.cre ene] ots ys 36250 pref sh Haldd iz Pref. rocecee Dividend 120000 11,20 006 Equity share | SS yores N31, 400 rocoes Gad th GeTgso eit 639.9002 Payment made +0 1 -2¢.005 é £464,950 20.000 Equity = Go-2¢ oo¢ = 31.995 > 6€39400 s-aaiie? Answers = 4. Tous nal Entwies sn +he book of Roham L+4. asticular Am? And. Brg-24 + Banix ate ds.| 150,00 To Investment 90.009 to Sparel teak SO000 wv te s | a1-3-21 Bonk ale D2) 3.60000) To asic), Sp mea 2 Boaooe To premium on deb | 6000 Caieng Dekenture issued on premium) :dey sibel is Sub-quesbn No ac) paLeaiing peed je 1 Remunesaton on asset Realises! | -t2 R ' 24,5000 0 PZM +: 99000 © Eusnitn o 1: 285,000 Paten 1 Jo,000 +ocl. 280000 TR +s 3,15, 000 320.000 tau of 4320000 z (74408 [2 tose paid yp Equity = 10,000 @ = S 20000 @ 60 s 14,590,000 Paymen+ Available 64,650 Tote Loss of Equity guelso No.of shane = 30000 Less Loss Pex Equity shave = guetso 30000 Leoewedita2s * leas Income Tax B,UF,000 susplus im the regaad Hocting charge b stansting Spo 160,000 | 3. Prefesenual s+ Debenrmre& anterest uooe peucot . OOO Suspiuc inthe Regan d |@ umseamred cored to cunsewred (reds tet 2.3000 leetia 123000, cseditens 62000 2 Susplus im the pegand | ¢ Rem WY | 6 Equity capital Sa 1200000 equity Shae a 33%,00° Defietemes A$ pegerd Meme”__ | se, Vel waa SHis: ues + + + = we oo a QC | apg 2) | Bank ale pwr [2s0000 To 10+l- Prefsence shore | 250000 Cai Le nce none issue at Par] By-3-21 | Revenny Reserve D2 300000 ecusity Premium pr.) 325,000 To pital Redem pHon SoCo Reserve } Cai sansfes of Beng + Free Reserve +o ¢RR) | - | Buz 3-21 Bank ale Cersoo rte] or aasecca Prema m—or—tey—back ai Bi-3-2) aa Equity share 1 pul bed DE. 6, aS,000 Premium on Buy baci pv. 16,25,000 To Equity shane Harded| 22,50 00 Ceieng sssue of Guy bockJ) ef =< | lgi-3-2l \ | Equity shane Hoides oH 22,50.000 To Bank ale 22, 5000 Cooyment 40 Shane hoider)| vision,3-3-2) Seeumty preraium DP 1625000 To Psem.on Buy back 16 2 $004 ig C Premium tronsfer 40 sec.te] A520 Equity share Heider {8.00.6-51 0 I | 1000 000 To equity Shane _ Caieng bony issue J Working Notes + D calculation of No of shares +o be pought Bacl asl of 250,000 sharws £62,500 sharey 2\ @onus shor Ba equity - 1S shore Kard 50.000 Bonus Swea0c0o0 @10 sooo @ FS ence- we) CO -C-C--_) QiAnswes=* Stodeme: at eal 6 acs specificatty™ Pledy ed .. | = Pant cular Goodwit! \000 Building 300000 plant 525.000 Fixture 10,000 stock 3300 | | pebtos 20000 p3 . 56000 assets speciHeally prepledged item ; | Realiesed| secuved | peficfmyl Surely Stock | 31000 | 25000 n lgo0o | | | | | E I 6000. | Gesoss Assets specifadry Pledge d 31000 | Geoss Assets speci ficatly Not pledged ¥ 56000 | ~¥ 7000 | | LEABLUTY SEAR A, 3. Secysed creditors 2. dvetriding pseferenciad craditers * wages Lisxiooxu) 6000 salary C5 ¥300%4) 6000 2000, 10,080 Ssusplas Fin ahe Regards Pref. cred itesCO-C--C Answer = 6 Receivey's Account. Pasrieulard Amst. ParHedtan | lLand 2 Build Receivess cast ———— L509. Floating chang (0000) Pees 13+ DebenHLE | [50,000 Sntesest V$50 Sundry _ Assets Pref. cred ites aIncome Tax Susplus tobe | $2250 trans fed +o | gut NS 2t2000| 240,000darter oni + + + = ona CS rr ac) Liquidates's final statement PoaHculan | Am+ Particular fit - Legal change o Lothes Ass ets 100,000 | Liquidatar 'S 3000 Surplus fom | %2,250 Rem um enakion Receiver | | | Liquidation | 2900 cau_made 10,¥S0, Expenses | from S000 equ | | unsecured cxedi _———— j | BoD 30.000 Cred itary (32000 | Pxefetence show | dav. share $00,000 dividend 22000 | ——— | | tooo equity slux 3306 ] T = | | 1 | 193100) [ lastoo| —_——— = =—a Yer suis Question ‘Sub-qustion No ote) as v- of Cpaid ywe-cepitas + Free Resevve] 25'- Cequiny share : 13,00,6006 Exree Qesesve :- Revenue | 23,5000 0 Pa 12,08 000 ec ipeem +. 280,000 Tota) Free Resexve; 26 00,000 | 254. Citoccoe + 24,006,000] 2s 1. [us,eo000 ] 13,.25,000 RS. wo. of Shoxes -. i eeeee 34,500Be Raiser ais Question Subquestion No 0G) Masymam No of shane s | Eligible fox guy bacle i's | 34,500 So _+hreee 75.acu. Ca,40000 7] [az.s0o shaves ] 3. Debt +o Equity Ratio test. Scott eb + ep tiex Baja hocte = =~ Debentme - 3% 00000 | iieciges -~ 640,000 Loon > Total Equity after Byy back + 23,2 5,008 = Total Equity Before Buyback = 4500000 = masamum Permissible Buy back : 21,7000 co No of £Gujey shone = S#, 2%, . 2),45,0006 asesaat Reise suis Question Sub-question No. cs * Jousnal entries in +the books of ! Particular Am+Cor)| Am+Cer) | maa. 2a Bant ale 200,000 Employee compen, e2ps.| 24,000 | To Equity Shore __ |40,000 To Secusity Prem ei O oi i Employee accepted the offex and jssued the equity co pita ] 31-3-22 : pee pee alagh 24,000 To Employee comp. 2unoo0 | expenses C.Bieng compensation Expense +ransfer +0 Securing premiam ]