Cpt a/c
This query is : Resolved
saurabh_26
(Querist)
01 November 2011
1.S Ltd. issued 2,000, 10% Preference shares of Rs.100 each at par, which are redeemable at a
premium of 10%. For the purpose of redemption, the company issued 1,500 Equity Shares of Rs.100 each at a premium of 20% per share. At the time of redemption of Preference Shares, the amount to be transferred by the company to the Capital Redemption Reserve Account will be_________
2.W Ltd. issued 20,000, 8% debentures of Rs.10 each at par, which are redeemable after 5
years at a premium of 20%. The amount of loss on redemption of debentures to be written
off every year will be_________
3.If sales revenue are Rs. 4,00,000; cost of goods sold is Rs. 3,10,000 and operating expenses
are Rs.60,000 the gross profit is
4.The total cost of goods available for sale with a company during the current year is
Rs.12,00,000 and the total sales during the period are Rs.13,00,000. If the gross profit margin
of D cos is 331/3% on cost closing inventory during the current year is
premium of 10%. For the purpose of redemption, the company issued 1,500 Equity Shares of Rs.100 each at a premium of 20% per share. At the time of redemption of Preference Shares, the amount to be transferred by the company to the Capital Redemption Reserve Account will be_________
2.W Ltd. issued 20,000, 8% debentures of Rs.10 each at par, which are redeemable after 5
years at a premium of 20%. The amount of loss on redemption of debentures to be written
off every year will be_________
3.If sales revenue are Rs. 4,00,000; cost of goods sold is Rs. 3,10,000 and operating expenses
are Rs.60,000 the gross profit is
4.The total cost of goods available for sale with a company during the current year is
Rs.12,00,000 and the total sales during the period are Rs.13,00,000. If the gross profit margin
of D cos is 331/3% on cost closing inventory during the current year is
CA Pushpendra Gaur
(Expert)
01 November 2011
The amount to be transferred to CRR will be Rs 50,000 i.e. the amount of redemption to be made from profits
we do not create CRR for redemption of premium amount
we do not create CRR for redemption of premium amount
CA Pushpendra Gaur
(Expert)
01 November 2011
The amount of loss on issue of debenture will be 20% of 20,0000 debentures * Rs 10
Loss amounts to Rs 40,000
amount to be swritten off will b 40000/5 i.e. Rs 8,000
Loss amounts to Rs 40,000
amount to be swritten off will b 40000/5 i.e. Rs 8,000
CA Pushpendra Gaur
(Expert)
01 November 2011
the gross profits will b Rs 30,000
operating expenses are deductible from the operating profits
operating expenses are deductible from the operating profits
CA Pushpendra Gaur
(Expert)
01 November 2011
The cost of sales will be 75 % of sales amount i.e. 13,00,000*75 % i.e. 9,75,000
Closing stock = Cost of goods available less cost of goods sold
12,00,000 - 9,75,000 i.e. Rs 2,25,000
Closing stock = Cost of goods available less cost of goods sold
12,00,000 - 9,75,000 i.e. Rs 2,25,000
Message likes :
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saurabh_26
(Querist)
03 November 2011
sorry sir
1st QUS
plz explain (i.e S ltd)
i didnt get u.......
1st QUS
plz explain (i.e S ltd)
i didnt get u.......
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