My ans are as follows
Q1 a. Purch. Consid. = 24 lacs to equity s.h + 8.8 lacs to Pref. S.h so total = 32.8 lacs.
b. Loss of Stock comes out to be 89,000. And the claim = 43,090
c. Good will under Super profits, capitalisation method comes out to be 1,80,000 and in Avg. profits, it comes out to be 4,08,000.
d. The closing value of shares is 90,000 shares at 11,90,000.
Q 2. New Prof. Sharing Ratio = 4:3:3.
Additional cash to be broudh in -> Amit - 1,58,000 , Sumit 15,000 and Puneet - 27,000.
Realisation Profits - 40,000
Balance Sheet total = 10,60,000
Q3. P. Consideration - 18,80,000 ---> 4100 Pref S.h and 1,83,750 equity shares at 8 paid up.
Profits on realisation - 3,16,000.
Q 4. Cash Flow - From operating activities - 65,000 , From investing activities, (65,000) and from financing activities, 50,000. Therefore there is an increase in 50,000
Q5 -> Not attempted.
Q6. Purchases - 3,64,000. Sales - 6,00,000 out of which, 1,20,000 are for cash and 4,80,000 for credit.
Cash defalcation is 23,600 --> written off to P&L a/c.
Q7. a. A.D.D - 19th April, Intrest = Rs. 710
b. Stock value is 23,95,000 as its least of cost or NRV.
c. Not attempted.
d. Theory
e. Balance is Rs. 88,950 in the Debtors Ledger Adj. a/c.
Plz solve it sum1 and tell me the right ans. as these are the ans. I got
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