Krishna Kumar Co. Ltd., was formed with a capital of Rs 20,00,000 in Rs 10 shares, the
whole amount being issued to the public. The underwriting of these shares was as follows:
A – 70,000 B – 60,000 C – 40,000 D – 20,000 E - 6,000 F – 4,000
All the marked application forms were to go in relief of the underwriters whose stamp they
bear. The application forms marked by the underwriters were;
A – 20,000 B – 45,000 C – 40,000 D – 15,000 E – 10,000 F – Nil
Applications for 40,000 shares were received on forms not marked. Draw up a statement
showing the number of shares each underwriter had to take up.
Answers
Answer:
From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018. prepare a Cash Flow Statement:
Kiero Ltd.
Balance Sheet as at 31-3-2018
Particulars Note
No. 31-3-18
(Rs.) 31-3-17
(Rs.)
I. Equity and Liabilities
(1) Shareholders Funds
(a) Share Capital
(b) Reserves and Surplus
(2) Non - Current Liabilities
Long term Borrowings
(3) Current Liabilities
(a) Short term borrowings
(b) Short term Provisions
1
2
3
4
7,90,000
4,60,000
5,00,000
1,15,000
1,18,000
5,80,000
1,20,000
3,00,000
42,000
46,000
Total
19,83,000 10,88,000
II. Assets
(1) Non-Current Assets
Fixed Assets
(i) Tangible Aseets
(ii) Intangible Assets
(2) Current Assets
(a) Current Investments
(b) Trade Recivables
(c) Cash and Cash Equivalents 5
6
9,80,000
2,68,000
1,40,000
4,40,000
1,55,000
6,35,000
1,70,000
70,000
1,50,000
63,000
Total 19,83,000 10,88,000