Dee Ltd. decided with the approval of the Tribunal and the sanction of the parties concerned, upon
Question:
Dee Ltd. decided with the approval of the Tribunal and the sanction of the parties concerned, upon a scheme of reconstruction as at 31st March, 2016. The summarised Balance Sheet of Dee Ltd. as at that date is as under:
Transcribed Image Text:
I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus - Capital Reserve Profit and Loss (2) Share Application Money Pending Allotment : (3) Non-current Liabilities: (a) Long-term Borrowings- 10% First Mortgage Debentures 10% Convertible Debentures (4) Current Liabilities: Balance Sheet of Dee Ltd. as at 31st March, 2016 Particulars (1) (a) Short-term Borrowings-Loan from Bank (Secured) (b) Trade Payables - Creditors (c) Other current kliabilities - Accrued Interest on Debentures TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets (2) Current Assets: TOTAL Accrued Interest on Convertible Debentures (i) Tangible Assets - Land, Building and Machinery (i) Intangible Assets -- Goodwill (a) Current Investments (b) Inventories-Work-in-Progress (c) Trade Receivables ---Debtors Note No. (2) (1) Amount (3) 12,40,000 68,000 (2,53,000) 3,15,000 6,38,000 1,00,000 94,000 5,950 15,050 22,23,000 9,45,000 3,80,000 3,98,000 3,20,000 1,80,000 22,23,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
Here are the journal entries that record the reduction and reorganization of Dee Ltd and the resulti...View the full answer
Answered By
Sayee Sreenivas G B
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
Question Posted:
Students also viewed these Business questions
-
The following is the Balance Sheet as at 31st March 2016 of Bad Luck Ltd. The company is engaged in the manufacture and sale of electronic items. It has been felt that the depression in the industry...
-
a. Valuation Balance Sheet for AXA Life Insurance Company as at 31st March 2019. b. Find the Deficit / Surplus earned by the company for the period 2019. c. Comment on the changes of surplus earned...
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
In the calculation of the power in an a.c. circuit using the formula W = EI cos , errors of +1% in I, 0.7% in E and + 2% in occur. Find the percentage error in the calculated value of W when = 1/3...
-
Phantom Controls monitors and repairs control circuit boxes on elevators installed in multistory buildings in downtown Chicago. The company has the contract for 108 buildings. When a box...
-
Discuss some of the advantages associated with the use of marketing public relations (MPR's). What are some of the disadvantages?
-
What are the three key features of cost accounting and cost management?
-
Seattle Enterprises produces LCD touch screen products. The company reports the following information at December 31, 2012: Seattle began operations on January 30, 2012. Requirements 1. What is the...
-
a. The company has one truck that it purchased at the start of this year. The truck cost $75,000, had an estimated useful life of five years and is expected to have zero value at the end of the five...
-
The company must apply for an order confirming the reduction A. To the Supreme Court B. To the High Court C. To the Tribunal
-
A public limited company passed the necessary Resolution and received sanction of the Tribunal for the reduction of its share capital by 5,00,000 for the purposes enumerated hereunder: (a) To...
-
Identify and define the three main components of a product cost.
-
Implement the transfer function below using a parallel realization with the minimum number of multipliers: \[H(z)=\frac{z^{3}+3 z^{2}+\frac{11}{4}+\frac{5}{4}}{\left(z^{2}+\frac{1}{2} z+\frac{1}{2}...
-
What is the value of a derivative that pays off \($100\) in 6 months if an index is greater than 1,000 and zero otherwise? Assume that the current level of the index is 960, the risk-free rate is 8%...
-
Consider a portfolio of options on a single asset. Suppose that the delta of the portfolio is 12, the value of the asset is $10, and the daily volatility of the asset is 2%. Estimate the 1-day 95%...
-
A design change being considered by Mayberry, Inc., will cost \(\$ 6,000\) and will result in an annual savings of \(\$ 1,000\) per year for the 6-year life of the project. A cost of \(\$ 2,000\)...
-
Several years ago, a man won \(\$ 27\) million in the state lottery. To pay off the winner, the state planned to make an initial \\($1\) million payment immediately followed by equal annual payments...
-
What is a social entrepreneur?
-
A test car is driven a fixed distance of n miles along a straight highway. (Here n Z+.) The car travels at one mile per hour for the first mile, two miles per hour for the second mile, four miles...
-
Explain why segmentation efforts based on attempts to divide the mass market using a few demographic dimensions may be very disappointing.
-
Illustrate the concept that segmenting is an aggregating process by referring to the admissions policies of your own college and a nearby college or university.
-
Consider the market for off-campus apartments in your city. Identify some submarkets that have different needs and determining dimensions. Then evaluate how well the needs in these market segments...
-
Nurses are advocates for patients and must find a balance while delivering patient care. Discuss
-
The geriatric nurse cares for patients who are aging or suffering from conditions normally, Discuss?
-
The community nursing service team provides nursing care to patients in the community, Discuss?
Study smarter with the SolutionInn App