Page No 4.100:
Answer:
Page No 4.100:
Answer:
Equity |
= |
Share Capital + Reserve and Surplus |
|
= |
5, 00,000 + 2, 00,000 + 3, 00,000 |
|
= |
Rs 10, 00,000 |
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
7, 00,000 + 50,000 |
|
= |
Rs 7, 50,000 |
|
= |
|
|
= |
0.75:1 |
Page No 4.100:
Answer:
Debt |
= |
Total Debt – Current Liabilities |
|
= |
1, 80,000 – 20,000 |
|
= |
Rs. 1, 60,000 |
Equity |
= |
Total Assets – Current Liabilities – Non Current Liabilities |
|
= |
2, 60,000 – 20,000 – 1, 60,000 |
|
= |
Rs. 80,000 |
Page No 4.100:
Answer:
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
14, 00,000 + 1, 00,000 |
|
= |
Rs 15, 00,000 |
Equity |
= |
Share Capital + Reserve and Surplus |
|
= |
8, 00,000 + 2, 00,000 |
|
= |
Rs 10, 00,000 |
Debt Equity Ratio |
= |
|
|
= |
1.5: 1 |
Page No 4.100:
Answer:
Let’s take Debt = Rs. 50,000 and Equity = Rs. 1, 00,000
1. Issue of Shares say Rs 20,000, So
2. Cash received from Debtors Say Rs. 20,000, So
3. Redemption of Debentures Say Rs. 20,000, So
4. Purchase goods on credit sale Say Rs. 20,000
Page No 4.100:
Answer:
Page No 4.100:
Answer:
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
Rs 4, 50,000 |
Equity |
= |
Share Capital + Reserve and Surplus |
|
= |
2, 50,000 + 50,000 |
|
= |
Rs 3, 00,000 |
Debt Equity Ratio |
= |
|
|
= |
1.5: 1 |
Page No 4.101:
Answer:
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
2,00,000 + 50,000 |
|
= |
Rs 2,50,000 |
Equity |
= |
Share Capital + Reserve and Surplus |
|
= |
6, 00,000 – 1, 00,000 |
|
= |
Rs 5,00,000 |
Debt Equity Ratio |
= |
|
|
= |
0.5: 1 |
Page No 4.101:
Answer:

Shareholder’s Fund |
= |
Share Capital + Reserve and Surplus |
|
= |
4, 50,000 + 75,000 |
|
= |
Rs. 5, 25,000 |
Proprietary Ratio |
= |
|
|
= |
0.7: 1 |
Page No 4.102:
Answer:
Page No 4.102:
Answer:
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
8, 00,000 + 2, 00,000 |
|
= |
Rs 10, 00,000 |
Page No 4.102:
Answer:
Debt |
= |
Total Debt + Short Term Borrowings – Other Current Liabilities |
|
= |
20, 00,000 - 4, 00,000 -4, 00, 000 |
|
= |
Rs 12, 00,000 |
Total Assets = Total Liabilities = 24, 00,000 + 20, 00,000 = Rs. 44, 00,000
Page No 4.102:
Answer:
Page No 4.102:
Answer:
Page No 4.102:
Answer:
Debt |
= |
Total Debt - Current Liabilities |
|
= |
15, 00,000 – (4, 00,000 + 50, 000 + 10,000 + 1, 00,000) |
|
= |
15, 00,000 - 5, 60,000 |
|
= |
Rs 9, 40,000 |
Page No 4.103:
Answer:
Page No 4.103:
Answer:

Shareholder’s Fund |
= |
Share Capital + Reserve and Surplus |
|
= |
7, 00,000 + 2, 50,000 + 3, 00,000 + 2, 50,000 |
|
= |
Rs. 15, 00,000 |
Total Assets |
= |
Fixed Assets + Investment + Current Assets |
|
= |
35, 00,000 + 2, 00,000 + 8, 00,000 |
|
= |
Rs. 45, 00,000 |
Proprietory Ratio |
= |
|
|
= |
0.33: 1 |
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
20, 00,000 + 5, 00,000 |
|
= |
Rs.25, 00,000 |
Page No 4.103:
Answer:
Shareholder’s Fund |
= |
Share Capital + Reserve and Surplus |
|
= |
90,000 + 60,000 + 30,000 + 60,000 |
|
= |
Rs.2, 40,000 |
Total Assets |
= |
Fixed Assets + Investment + Current Assets |
|
= |
6, 00,000 + 60,000 + 3, 00,000 |
|
= |
Rs. 9, 60,000 |
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
Rs 4, 80,000 |
Page No 4.104:
Answer:
Page No 4.104:
Answer:
Shareholder’s Fund |
= |
Share Capital + Reserve and Surplus |
|
= |
6, 00,000 + 1, 50,000 |
|
= |
Rs.7, 50,000 |
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
Rs 1, 00,000 |
Page No 4.104:
Answer:

Page No 4.104:
Answer:
Profit before Interest & Tax |
= |
1, 70,000 + 30,000 + 40,000 |
|
= |
Rs 2, 40,000 |
Page No 4.104:
Answer:
Profit before Interest & Tax |
= |
75,000 + 9,000 + 5,000 + 5,000 (Interest on Debenture) |
|
= |
Rs 94,000 |
Page No 4.105:
Answer:
Page No 4.105:
Answer:

Page No 4.105:
Answer:

Page No 4.106:
Answer:

Page No 4.106:
Answer:

Page No 4.106:
Answer:

Page No 4.106:
Answer:
Cost of Goods Sold |
= |
Rs. 5,00,000 |
Gross Profit |
= |
5,00,000 × 20% |
|
= |
Rs. 1,00,000 |
Sales |
= |
Cost of Goods Sold + Gross Profit |
|
= |
5,00,000 + 1,00,000 |
|
= |
Rs. 6,00,000 |
Cash Sales |
= |
20% of 6,00,000 = Rs. 1,20,000 |
|
= |
6,00,000 – 1,20,000 |
|
= |
Rs. 4,80,000 |
Page No 4.106:
Answer:
Page No 4.106:
Answer:

Page No 4.106:
Answer:
Page No 4.106:
Answer:
Page No 4.107:
Answer:

Page No 4.107:
Answer:

Page No 4.107:
Answer:

Page No 4.107:
Answer:

Page No 4.107:
Answer:

Page No 4.107:
Answer:
Page No 4.107:
Answer:
Page No 4.107:
Answer:
Page No 4.108:
Answer:

Page No 4.108:
Answer:

Page No 4.108:
Answer:

Page No 4.108:
Answer:

Page No 4.109:
Answer:

Page No 4.109:
Answer:
Page No 4.109:
Answer:

Page No 4.109:
Answer:

Page No 4.109:
Answer:

Page No 4.109:
Answer:
Let Cost of Goods Sold be = x


Cost of Goods Sold = x = Rs 3,84,000
Cost of Goods Sold = Opening Inventory (Stock) + Purchases − Closing Inventory (Stock)
3,84,000 = Opening Inventory + 3,60,000 − 68,000
Opening Inventory = 3,84,000 − 2,92,000 = Rs 92,000
Page No 4.109:
Answer:
Sales = 2,00,000
Gross Profit = 25% on Sales

Cost of Goods Sold = Total Sales − Gross Profit
= 2,00,000 − 50,000 = 1,50,000

Let Opening Inventory = x
Closing Inventory = x + 4,000

Opening Inventory = x = Rs 28,000
Closing Inventory = x + 4,000 = 28,000 + 4,000 = Rs 32,000
Page No 4.110:
Answer:

Page No 4.110:
Answer:

Page No 4.110:
Answer:

Page No 4.110:
Answer:
Page No 4.110:
Answer:

Page No 4.110:
Answer:

Page No 4.111:
Answer:

Page No 4.111:
Answer:

Page No 4.111:
Answer:
Page No 4.111:
Answer:
Page No 4.111:
Answer:

Page No 4.111:
Answer:

Page No 4.112:
Answer:

Page No 4.112:
Answer:

Page No 4.112:
Answer:
Page No 4.112:
Answer:
Net Profit after Tax (as per Statement of Profit and Loss) = 45,000
Provision for Taxation = 10,000
Net Profit before Interest and Tax = 45,000 + 10,000 = 55,000
Capital Employed = Share Capital + Reserves and Surplus + Long-term Borrowings
= 2,00,000 + 1,00,000 + 1,00,000 = 4,00,000

Page No 4.113:
Answer:
Net Fixed Assets = Fixed Assets (at cost) − Accumulated Depreciation
= 22,50,000 − 2,50,000 = 20,00,000
Capital Employed = Net Fixed Assets + Current Assets − Current Liabilities
= 20,00,000 + 12,00,000 − 4,00,000
= 28,00,000
Interest on 10% Debentures = 10% of 10,00,000 = 1,00,000
Let Profit before Tax be = x
Profit after Tax = Profit Before Tax − Tax
Tax Rate = 50%
∴ Tax = 0.5 x
x − 0.5 x = 6,50,000
x = 13,00,000
Net Profit before Tax = x = 13,00,000
Profit before Interest and Tax = Profit before Tax + Interest on Long-term Debt
= 13,00,000 + 1,00,000
= 14,00,000

Page No 4.113:
Answer:
Net Profit before Interest and Tax = 2,50,000
Capital Employed = 10,00,000

Page No 4.113:
Answer:
Net Profit before Interest and Tax = 6,00,000
Capital Employed = Net Fixed Assets + Net Working Capital
= 20,00,000 + 10,00,000 = 30,00,000

Page No 4.113:
Answer:
Net Profit before Interest and Tax = 4,00,000
Capital Employed = 15% long-term Debt + Shareholders’ Funds
= 8,00,000 + 4,00,000 = 12,00,000

Page No 4.113:
Answer:

Page No 4.113:
Answer:

Page No 4.113:
Answer:

Page No 4.113:
Answer:

Page No 4.113:
Answer:

Page No 4.113:
Answer:

Page No 4.113:
Answer:

Page No 4.113:
Answer:
Page No 4.114:
Answer:
Let Debt to be Rs. 2, 00,000 and Equity = Rs. 1, 00,000
a) Sale of Land book value Rs. 5,00,000, So
b) Issue of Share for Purchase of Plant& Machinery Rs. 10,00,000, So
c) Issue of Preference Shares for Payment of Redemption say Rs. 50,000, So
Page No 4.114:
Answer:
Debt |
= |
Total Debts – Current Liabilities |
|
= |
10, 00,000 – 5, 00,000 |
|
= |
Rs. 5, 00,000 |
Equity |
= |
Total Assets – Current Liabilities – Total Debts |
|
= |
12, 50,000 – 10,00,0000 |
|
= |
Rs. 2, 50,000 |
Page No 4.114:
Answer:
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
1, 10,000 + 20,000 |
|
= |
Rs 1, 30,000 |
Equity |
= |
Share Capital + Reserve and Surplus |
|
= |
5, 00,000 + 1, 00,000 + 40,000 |
|
= |
Rs 6, 40,000 |
Page No 4.114:
Answer:

Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
2, 00,000 + 50,000 |
|
= |
Rs 2, 50,000 |
Equity |
= |
Share Capital + Reserve and Surplus |
|
= |
10, 00,000 + 2, 40,000 |
|
= |
Rs 12, 40,000 |
Page No 4.115:
Answer:

Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
Rs 30, 00,000 |
Equity |
= |
Share Capital + Reserve and Surplus |
|
= |
5, 00,000 + 15, 00,000 + 1, 00,000 + 4, 00,000 |
|
= |
Rs 25, 00,000 |
Page No 4.115:
Answer:
Debt |
= |
Long Term Borrowings + Long Term Provision |
|
= |
2, 60,000 + 40,000 |
|
= |
Rs 3, 00,000 |
Page No 4.116:
Answer:
Page No 4.116:
Answer:
Page No 4.116:
Answer:

Page No 4.116:
Answer:

Page No 4.116:
Answer:

Page No 4.116:
Page No 4.116:
Answer:

Page No 4.117:
Answer:

Page No 4.117:
Answer:
Page No 4.117:
Answer:

Page No 4.117:
Answer:

Page No 4.117:
Answer:

Page No 4.117:
Answer:

Page No 4.117:
Answer:

Page No 4.117:
Answer:

Page No 4.117:
Page No 4.118:
Answer:

Page No 4.118:
Answer:

Page No 4.118:
Answer:

Page No 4.118:
Answer:
Current Assets |
= |
Debtors + Prepaid Expenses + Cash + Marketable Securities + Inventory |
|
= |
2, 00,000 + 20,000 + 60,000 + 40,000 + 80,000 |
|
= |
Rs 4, 00,000 |
Current Liabilities |
= |
Bills Payables + Creditors + Expenses Payables |
|
= |
40,000 + 80,000 + 80,000 |
|
= |
Rs 2, 00,000 |
Page No 4.118:
Answer:

Page No 4.118:
Answer:

Page No 4.118:
Answer:

Page No 4.118:
Answer:
Page No 4.118:
Answer:
Page No 4.118:
Answer:
Page No 4.119:
Answer:
Current Assets |
= |
Debtors + Stock + Cash |
|
= |
10,000 + 15,000 + 15,000 |
|
= |
Rs. 40,000 |
Current Liabilities |
= |
Bills Payables + Creditors |
|
= |
6,000 + 14,000 |
|
= |
Rs. 20,000 |
Page No 4.119:
Page No 4.119:
Answer:
(A)
(B)
(C)
(D)
(E)
Page No 4.120:
Page No 4.121:
Page No 4.121:
Answer:
(A)
(B)
(C)
(D)
(E)
Page No 4.122:
Page No 4.122:
Answer:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Page No 4.124:
Answer:
Page No 4.124:
Answer:
A.
B.
Page No 4.124:
Answer:
Page No 4.124:
Answer:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Page No 4.97:
Answer:
​
Current Assets |
= |
Debtors + Prepaid Expenses + Cash + Marketable Securities + Inventory |
|
= |
2, 00,000 + 20,000 + 60,000 + 40,000 + 80,000 |
|
= |
Rs 4, 00,000 |
​Current Liabilities |
= |
Bills Payables + Creditors + Expenses Payables |
|
= |
40,000 + 80,000 + 80,000 |
|
= |
Rs 2, 00,000 |
Page No 4.97:
Answer:
Current Liabilities |
= |
Creditors + Other Current Liabilities |
|
= |
80,000 + 4, 00,000 |
|
= |
Rs 4, 80,000 |
Working Capital |
= |
Current Assets – Current Liabilities |
7, 00,000 |
= |
Current Assets – 4, 80,000 |
Current Assets |
= |
Rs 11, 80,000 |
Page No 4.97:
Answer:
Current Liabilities |
= |
Total Debt – Long Term Debts |
|
= |
6, 50,000 – 5, 00, 000 |
|
= |
Rs. 1, 50,000 |
Working Capital |
= |
Current Assets – Current Liabilities |
3, 00,000 |
= |
Current Assets – 1, 50,000 |
Current Assets |
= |
Rs. 4, 50,000. |
Page No 4.97:
Answer:
Working Capital |
= |
Current Asset* – Current Liabilities |
5, 00,000 |
= |
6, 00,000 – Current Liabilities |
Current Liabilities |
= |
Rs. 1, 00,000 |
(Current Asset* |
= |
Current Assets- Loose tools – Stores & Spares |
|
= |
8, 00,000 – 15, 00,000 -50,000 |
|
= |
6, 00,000) |
Page No 4.97:
Answer:
Case: 1
Case: 2
Case: 3
Page No 4.97:
Answer:
Page No 4.98:
Answer:
Let’s take Current Asset = Rs. 2, 50,000 and Current Liability = Rs. 1, 00,000
a. Payment to Creditors say Rs 50,000, So
b. Sale of Machinery Say Rs. 50,000, So
c. Purchase of Goods for Cash Say Rs. 50,000, So
d. Issue of Equity Shares Say Rs. 50,000
Page No 4.98:
Answer:
Current Assets |
= |
Inventories + Trade Receivables + Cash |
|
= |
18,600 + 9,600 +19,800 |
|
= |
Rs 48,000 |
Current Liabilities |
= |
Bank Overdraft+ Trade Payables |
|
= |
6,000 + 18,000 |
|
= |
Rs 24,000 |
Note: The answer provided in the book is 1 : 1, however, as per our solution the current ratio is 2 : 1.
Page No 4.98:
Answer:
Page No 4.98:
Answer:
Current Assets |
= |
Liquid Assets + Stock + Prepaid Expenses |
|
= |
1, 87,500 + 50,000 + 12,500 |
|
= |
Rs 2, 50,000 |
Working Capital |
= |
Current Assets – Current Liabilities |
1, 50,000 |
= |
2, 50,000 –Current Liabilities |
Current Liabilities |
= |
Rs 1, 00,000 |
Page No 4.98:
Answer:
Working Capital |
= |
Current Assets – Current Liabilities |
5, 00,000 |
= |
10, 00,000 –Current Liabilities |
Current Liabilities |
= |
Rs 5, 00,000 |
Page No 4.98:
Answer:
Page No 4.98:
Answer:
Page No 4.98:
Answer:


Page No 4.98:
Answer:


Page No 4.98:
Answer:


Page No 4.98:
Answer:
Page No 4.99:
Answer:

Page No 4.99:
Answer:
Working Capital |
= |
Current Assets – Current Liabilities |
84,000 |
= |
1, 00,000 – Current Liabilities |
Current Liabilities |
= |
Rs 16,000 |
Page No 4.99:
Answer:

Working Capital |
= |
Current Assets – Current Liabilities |
2, 40,000 |
= |
2.5Current Liabilities - Current Liabilities |
Current Liabilities |
= |
Rs 1, 60,000 |
Current Assets |
= |
2.5 1, 60,000 = Rs 4, 00,000 |
Page No 4.99:
Answer:
Current Assets |
= |
Inventories + Trade Receivables + Cash + Advance Tax |
|
= |
1, 00,000 + 1, 00,000 + 60,000 +8,000 |
|
= |
Rs 2, 68,000 |
Current Liabilities |
= |
Trade Payables + Bank Overdraft |
|
= |
2, 00,000 + 8,000 |
|
= |
Rs 2, 08,000 |
Page No 4.99:
Answer:
Current Assets |
= |
Inventories + Prepaid Expenses + Other Current Assets |
|
= |
30,000 + 2000 + 50,000 |
|
= |
Rs 82,000 |
Page No 4.99:
Answer:
Current Assets |
= |
Inventories + Trade Receivables + Cash + Prepaid Expenses |
|
= |
24,000 + 18,000 +4,560 + 1,440 |
|
= |
Rs 48,000 |
Current Liabilities |
= |
Bank Overdraft+ Trade Payables + Short term provision |
|
= |
10,000 + 36,800 + 1,200 |
|
= |
Rs 48,000 |
View NCERT Solutions for all chapters of Class 15