The draft Balance Sheet of JAY Ltd. and KAY Ltd. as at 31st March 2021 is given below: PARTICULARS JAY Limited (₹ in lakh) KAY Limited (₹ in lakh) ASS
Card Ltd. is engaged in the business of manufacturing of car locks and nut bolts. **Car Locks:** Typically, a contract is entered into for sale of car
On 1st April, 2021, the fair value of the assets of Raj Ltd.'s defined benefit plan were valued at ₹20,40,000 and the present value of the defined obl
Zera Limited obtained a term loan of ₹1,080 lakh for complete renovation and modernization of its factory on 1st April, 2021. Plant and Machinery was
GEM Ltd., an Indian company acquired 75% of the share capital of VEW Ltd. on 30th September, 2020, an entity registered as company in USA. The functio
X Ltd. issues ₹1.5 crore convertible bonds on 1st April, 2018. The bonds have a life of 8 years and a face value of ₹10 each and offer interest @ 5.5%
Shagun Ltd. received two different grants from State Government as per details below:
Black Ltd. is a manufacturing company. The following balances as at 31st March, 2021 are from the audited Financial Statements and as at 30th Septembe
GOLD Ltd., a manufacturing company, prepares its financial statements on 31st March every year. On 1st April, 2021, it had issued (a) 10,00,000 ordina
Shravan Ltd. owns 6,800 ordinary shares in PQR Ltd., an unquoted company. PQR Ltd. has a total share capital of 2,00,000 shares with nominal value of
X Ltd. has made a borrowing from RGD Bank for ₹20,000 at a fixed interest of 12% per annum. Loan processing fees were paid additionally amounting to ₹
RST Ltd. prepares consolidated financial statements as at 31st March each year. On 1st July, 2021, RST Ltd. acquired 75% of the equity shares of DHF L