Cpt a/c

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saurabh_26 (Querist)
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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

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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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

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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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

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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01 November 2011 the gross profits will b Rs 30,000

operating expenses are deductible from the operating profits

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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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

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saurabh_26

saurabh_26 (Querist)
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03 November 2011 sorry sir
1st QUS
plz explain (i.e S ltd)
i didnt get u.......

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