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Class 12 Accounting Ratio Questions: Comprehensive Guide with Solutions Master accounting ratios to ace your Class 12 Accountancy exams with step-by-step solutions for important problems. Understanding the Question The given question requires calculating: Debt-to-Equity Ratio Working Capital Turnover Ratio Information Provided: Revenue from Operations: Cash Sales = ₹40,00,000 Credit Sales = ₹20,00,000 Cost of Goods Sold (COGS): ₹35,00,000 Other Current Assets: ₹8,00,000 Current Liabilities: ₹4,00,000 Paid-up Share Capital: ₹17,00,000 6% Debentures: ₹3,00,000 9% Loan from Bank: ₹7,00,000 Debenture Redemption Reserve: ₹3,00,000 Closing Inventory: ₹1,00,000 Step-by-Step Solution (i) Debt-to-Equity Ratio ...

Pro Rata Allotment, Forfeiture, and Reissue of Shares In this article, we will break down a comprehensive Class 12th Accounts problem on share allotment, forfeiture, and reissue step by step. If you’re preparing for exams, this blog will help you understand the journal entries in the books of SaReGaMa Ltd ., ensuring clarity in every step. Problem Overview SaReGaMa Ltd. invited applications for issuing 80,000 equity shares of ₹100 each at a premium of ₹10. Here's the amount payable: On Application: ₹30 On Allotment: ₹30 (including a premium of ₹10) On First Call: ₹30 On Final Call: Balance Additional Details: Applications Received: 1,20,000 shares (oversubscribed by 40,000 shares). Allotment Basis: Pro rata. Excess application money was adjusted against allotment. Defaulters: Dhwani: Allotted 1,600 shares; failed to pay allotment money. Sargam: Applied for 6,000 shares; did not pay the first call money. Forfeiture: Dhwani’s and Sargam’s shares were forfeited immediately after the f...

Entries for Forfeiture and Reissue of Shares: A Comprehensive Solution Class 12th accounts problems, particularly involving forfeiture and reissue of shares , often pose significant challenges to students. This blog will break down and solve a frequently asked question in detail, catering specifically to the problem shared: Problem Statement Recap Rekha, Sunita, and Teena hold shares and fail to pay the required calls. Here's a summary of their respective shares and payments: Rekha : 100 shares of ₹10 each, ₹1 paid on application. Sunita : 200 shares of ₹10 each, ₹1 paid on application and ₹2 paid on allotment. Teena : 300 shares of ₹10 each, ₹1 paid on application, ₹2 on allotment, and ₹3 on the first call. All three shareholders fail to pay their arrears and the second call of ₹4 per share. Their shares are forfeited and subsequently reissued at ₹11 per share as fully paid-up. Step-by-Step Solution Before diving into journal entries, it’s crucial to understand the treatment of fo...

 Journal Entries for Forfeiture and Reissue of Shares In this blog, we will solve some complex share forfeiture and reissue problems by breaking down each step clearly. Share forfeiture and reissue are critical parts of Class 12 Accounts under the chapter Issue of Shares. Here, we will focus on journal entries, detailed calculations, and unique approaches to tackle the given questions. Case 1: Vikram Ltd. and Hans Ltd. (a) Vikram Ltd.: Forfeiture and Reissue of Shares Given Data: 1. Rahul applied for 6,000 shares but was allotted 5,000 shares. 2. Paid only application money: ₹3 per share. 3. Failed to pay allotment (₹5/share) and first and final call (₹2/share). 4. Out of forfeited shares, 3,000 shares were reissued at ₹12 per share as fully paid. Step 1: Calculation of Amounts Involved 1. Application Money Received: ₹3 x 5,000 = ₹15,000. 2. Total Amount Called-up: ₹3 (application) + ₹5 (allotment) + ₹2 (call) = ₹10 per share. 3. Unpaid Amount : Allotment Money = ₹5 x 5,000 = ₹25,...

Introduction In Class 12th Accounts, understanding share forfeiture and reissue of shares can be tricky. This blog explains two important share-related questions step-by-step, focusing on journal entries, pro-rata allotment, and forfeited shares reissue. Question 1: Petromax Ltd. - Forfeiture and Reissue of Shares Question Summary: Petromax Ltd. issued 2,00,000 equity shares at ₹10 each. Money was payable: ₹4 on application, ₹3 on allotment, and the balance ₹3 on first and final call. Pawan (9,000 shares) failed to pay the first and final call. His shares were forfeited. Ramesh (4,000 shares) paid the call money in advance with allotment. 2/3rd of the forfeited shares were reissued as fully paid, and ₹36,000 was transferred to the Capital Reserve. Step-by-Step Solution ...

 This guide offers expert help for Class 12 accounts debenture questions. We'll cover important concepts and how to solve problems step by step. We also provide examples to help students get better at debenture accounting. Key Takeaways Understand the basic concepts and types of debentures in accounting Learn key terms and accounting treatment for premiums and discounts on debentures Explore the process of issuing debentures for business acquisition Discover step-by-step solutions to Class 12 accounts debenture questions Grasp the journal entries for recording debenture-related transactions Understanding Debentures in Accounting: Basic Concepts Debentures are a way for businesses to get long-term loans. Knowing about debentures is key for Class 12 Accounts. We'll examine the types and important terms, as well as how premiums and discounts affect them. Types of Debentures and Their Features There are many types of debentures, each with its own traits. Here are a few: Redeemable ...

Introduction to Class 12th Accounts Debenture Questions Welcome to our detailed guide on Class 12th Account Solutions for debentur es. This blog post covers important questions, solutions, and concepts to help Class 12th students understand and solve debenture-related problems effectively. What are Debenture in Class 12th Accounts? Debentures are long-term borrowing instruments used by companies to raise funds. They promise to pay interest at a fixed rate and return the principal amount on maturity. In Class 12th Accounts , students learn about: Issue of Debentures at Premium and Discount Loss on Issue of Debentures Redemption of Debentures Interest Payment on Debenture Class 12th Account Question on Debentures Below is a practical question related to debentures: Question: Fit India Ltd. has issued 10,000 7% Debentures at ₹200 each at a 10% premium...