4948353807

3

QP Codę : 13839

Ram Ltd. issued one cquity share of Rs. 10 /- cach at a premium of Rs.2 per share for cvery share in Ruvan Ltd.

Calculate Purchasc Consideration & also prspare Balancc shcct of Ram Ltd after acąuisition.

Acąuisition is ir. the naturę of Purchasc.

3. On IstApril, 2014; Mr. Mohandas held 400, 6% debentures of Rs. 100 cach of Best ^ Ltd., cost bcing Rs. 36,400.

Best Ltd. pays interest on 30th Junc and 3 lst Dcccmbcr cvcry ycar.

The following other transactions werc entered by Mr. Mohandas during the ycar ended 3 lst March, 2015 in regard to thcsc debentures.

Datę			Ratę (Rs.)
lst April, 2014	200	Sale	98 cum-Interest
lst Octobcr, 2014	200	Purchasc	104 cx- interest.
lst Dcccmbcr, 2014	400	Purchasc	97 cum-intcrest
lst February, 2015	200	Sale'	97 cx- interest

You arc rcquired to prcparc investment in 6% debentures in B est Ltd. Account for the year ended 3 lst March, 2015, as it woulć appear in the books of Mr. Mohandas. Market valueofhiscntireinvcStments as on 31/3/2015 was Rs. 56,200

OR

Q 3. Following is the Tria! Balance of Neelam Electronics Ltd. as on 31sl March, 2015.

Particular	Dr.	Cr.
Cash in hand	39,1100
Cash at Bank	68,600
Share Capital		18.40.000
9% Debentures		6,00,000
Bank Ovcrdrafl (Union Bank)		4,00.000
Invc5tmcnts (long term)	20,000
Bills Rccejvablcs-Tradc	2.80,000
Sundry Debtors	11,00,000
Sundry Creditors		4,80,000
Security Deposit {long term)	8,000
Profil and Loss A/c		5,80.000
Sccurities premium		1,80,000
Interest on Debentures accrued and due		13,500
Goodwiil	1,30,000
Land & Buildiag (Cost Rs. 5,00.000)	3,80,000
Plant & Machinery ( Cost Rs. 10,00,000)	6,00,000
Fumiture (Cost Rs. 1,60,000)	90,000
Provision forTaxation		2,41,000
AjJvancc Tax	2,00,000
Bills Payablc		60.000
General Rescrve		2,00,000
Stock in Tradc	16,98,900
Capital Rcscrvc		20,000
	46,14,500	46,14,500

Hl-Con. 1888-15.

(TUR.N OVF,R )