When shall accounting entries be taken by a company if it goes for merger i.e. on transfer date or effective date (i.e. when proposal was filed to ROC)
4 Replies
CA Naveen Kumar Agrawal
(Chartered Accountant / MBA)
(939 Points)
Replied 19 August 2008
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BALANCE SHEET AS ON 31.03.????
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LIABILITIES
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Amount
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Amount
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Assets
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Amount
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Amount
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Share Captial:
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W. N. - 10
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200000.00
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Fixed Assets
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(Bal. Fig.)
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225000.00
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Reserve & Surplus:
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Given
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100000.00
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Current Assets:
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W.N.- 2(ii)
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175000.00
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Cash & Receivables
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W. N. - 12
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46000.00
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Current Liabilities:
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W.N.- 2(i)
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100000.00
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Stock
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W. N. - 11
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129000.00
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Bank Over Draft
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Given
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60000.00
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Other Current Liabilities
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W.N.- 3
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40000.00
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400000.00
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400000.00
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1
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Current Ratio =
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CA/CL
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1.75 =
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CA/CL
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CA =
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1.75*CL
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2
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Working Capital =
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CA - CL
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75000 =
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1.75*CL - CL
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75000 =
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0.75*CL
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CL =
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75000/0.75
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(i) CL =
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100000.00
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CA =
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1.75*CL
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CA =
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1.75*100000
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(ii) CA =
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175000.00
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3
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Other Current Liabilities = Total Current Liabilities - Bank Over Draft
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= 100000 - 40000
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= 60000
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4
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Total Assets = Total Liabilities
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5
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Proprietary Ratio =
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Proprietors' Fund/ Total Assets
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6
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Proprietary Ratio =
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Proprietors' Fund/ Total Liabilities
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From 4 & 5
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7
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Total Liabilities =
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Proprietors' Fund + Current Liabilities
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as per the given information
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8
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Proprietary Ratio =
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Proprietors' Fund/(Proprietors' Fund + Current Liabilities)
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From 6 & 7
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9
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0.75 =
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PF/(PF + 100000)
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PF =
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0.75*PF + 0.75*100000
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PF - 0.75*PF =
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75000
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0.25*PF =
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75000
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PF =
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75000/0.25
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PF =
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300000
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10
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PF =
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Share Capital + R & S
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300000 =
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Share Capital + 100000
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Share Capital =
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300000-100000
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Share Capital =
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200000
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Liquid Liabilities =
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Current Liabilities - B.O.D.
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Liquid Liabilities =
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100000 - 60000
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Liquid Liabilities =
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40000
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Liquid Assets =
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Current Assets - Stock
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Liquid Assets =
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175000 - Stock
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11
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Liquid Ratio =
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Liquid Assets/Liquid Liabilities
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1.15 =
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(175000 - Stock)/40000
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40000*1.15 =
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175000 - Stock
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Stock =
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175000 - 46000
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Stock =
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129000
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12
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Liquid Assets =
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175000 - Stock
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Liquid Assets =
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175000 - 129000
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Liquid Assets =
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46000
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|
CA Naveen Kumar Agrawal
(Chartered Accountant / MBA)
(939 Points)
Replied 19 August 2008
| Originally posted by :Guest | ||
| " | I HAVE TO PREPARE BALANCE SHEET AS PER DETAILS GIVEN BELOW 1 WORKING CAPITAL 75000 2 RESERVE & SURPLUS100000 3 BANK OVERDRAFT 60000 4 CURRENT RATIO 1.75 5 LIQUID RATIO 1.15 6 PROPRITOR FUND 0 .75 |
" |
Here it comes the Balance Sheet with Detailed working as attached file.
Attached File : 38 sample.xls downloaded: 479 times
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