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)
Menu
Accounting Entry
Replies (4)
on transfer date
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
|
BALANCE SHEET AS ON 31.03.????
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
Amount
|
Amount
|
|
Assets
|
|
|
Amount
|
Amount
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share Captial:
|
W. N. - 10
|
|
200000.00
|
|
Fixed Assets
|
(Bal. Fig.)
|
|
225000.00
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserve & Surplus:
|
Given
|
|
100000.00
|
|
Current Assets:
|
W.N.- 2(ii)
|
|
175000.00
|
||
|
|
|
|
|
|
|
Cash & Receivables
|
W. N. - 12
|
46000.00
|
|
|
|
Current Liabilities:
|
|
W.N.- 2(i)
|
100000.00
|
|
Stock
|
|
W. N. - 11
|
129000.00
|
|
|
|
Bank Over Draft
|
Given
|
60000.00
|
|
|
|
|
|
|
|
|
|
Other Current Liabilities
|
W.N.- 3
|
40000.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
400000.00
|
|
|
|
|
|
400000.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
Current Ratio =
|
CA/CL
|
|
|
|
|
|
|
|
|
|
|
1.75 =
|
CA/CL
|
|
|
|
|
|
|
|
|
|
|
CA =
|
1.75*CL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
Working Capital =
|
CA - CL
|
|
|
|
|
|
|
|
|
|
|
75000 =
|
1.75*CL - CL
|
|
|
|
|
|
|
|
|
|
|
75000 =
|
0.75*CL
|
|
|
|
|
|
|
|
|
|
|
CL =
|
75000/0.75
|
|
|
|
|
|
|
|
|
|
|
(i) CL =
|
100000.00
|
|
|
|
|
|
|
|
|
|
|
CA =
|
1.75*CL
|
|
|
|
|
|
|
|
|
|
|
CA =
|
1.75*100000
|
|
|
|
|
|
|
|
|
|
|
(ii) CA =
|
175000.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
Other Current Liabilities = Total Current Liabilities - Bank Over Draft
|
|
|
|
|
|||||
|
|
|
= 100000 - 40000
|
|
|
|
|
|
|
|
|
|
|
|
= 60000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
Total Assets = Total Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5
|
Proprietary Ratio =
|
Proprietors' Fund/ Total Assets
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
6
|
Proprietary Ratio =
|
Proprietors' Fund/ Total Liabilities
|
|
|
From 4 & 5
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
7
|
Total Liabilities =
|
Proprietors' Fund + Current Liabilities
|
|
|
as per the given information
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
8
|
Proprietary Ratio =
|
Proprietors' Fund/(Proprietors' Fund + Current Liabilities)
|
From 6 & 7
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
9
|
0.75 =
|
PF/(PF + 100000)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PF =
|
0.75*PF + 0.75*100000
|
|
|
|
|
|
|
|
|
|
|
PF - 0.75*PF =
|
75000
|
|
|
|
|
|
|
|
|
|
|
0.25*PF =
|
75000
|
|
|
|
|
|
|
|
|
|
|
PF =
|
75000/0.25
|
|
|
|
|
|
|
|
|
|
|
PF =
|
300000
|
|
|
|
|
|
|
|
|
|
10
|
PF =
|
Share Capital + R & S
|
|
|
|
|
|
|
|
|
|
|
300000 =
|
Share Capital + 100000
|
|
|
|
|
|
|
|
|
|
|
Share Capital =
|
300000-100000
|
|
|
|
|
|
|
|
|
|
|
Share Capital =
|
200000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liquid Liabilities =
|
Current Liabilities - B.O.D.
|
|
|
|
|
|
|
|
|
|
|
Liquid Liabilities =
|
100000 - 60000
|
|
|
|
|
|
|
|
|
|
|
Liquid Liabilities =
|
40000
|
|
|
|
|
|
|
|
|
|
|
Liquid Assets =
|
Current Assets - Stock
|
|
|
|
|
|
|
|
|
|
|
Liquid Assets =
|
175000 - Stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11
|
Liquid Ratio =
|
Liquid Assets/Liquid Liabilities
|
|
|
|
|
|
|
||
|
|
1.15 =
|
(175000 - Stock)/40000
|
|
|
|
|
|
|
|
|
|
|
40000*1.15 =
|
175000 - Stock
|
|
|
|
|
|
|
|
|
|
|
Stock =
|
175000 - 46000
|
|
|
|
|
|
|
|
|
|
|
Stock =
|
129000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12
|
Liquid Assets =
|
175000 - Stock
|
|
|
|
|
|
|
|
|
|
|
Liquid Assets =
|
175000 - 129000
|
|
|
|
|
|
|
|
|
|
|
Liquid Assets =
|
46000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
