Transcript continued · pages 151–197

IPCC - Hindi Medium - GROUP - I PAPER - 1 - ACCOUNTING Chapter-1 to 4

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dEiuh ds foÙkh; fooj.k 151 fØ;kRed fVIi.kh (Working Notes)— ` vk; dj pqdk;k 1. (Income taxes paid) o"kZ grs q vk; dj O;; (Income tax expense for the year) 1,500 tksM+sa o"kZ ds izkjEHk ij vk; dj nkf;Ro (Add) : (Income tax expense for the year) 1,000 2,500 ?kVk;sa o"kZ ds var ij vk; dj nkf;Ro (Less) : (Income tax liability at the end ot the year) 1,500 1,000 pqdrk ykHkka'k 2. (Dividend paid) o"kZ grs q iLz rkfor ykHkk'a k (Proposed dividend for the year) 2,000 tksM+sa o"kZ ds izkjEHk ij ns; jkf'k (Add) : (Amount 1,000 payable at the beginning of the year) 3,000 ?kVk;sa o"kZ ds var ij ns; jkf'k (Less) : (Amount payable at the end of the year) 2,000 1,000 vfèkxzg.k LFkk;h lEifÙk;k¡ 3. (Fixed assets acquisitions) fLFkj oLrq xkfM+;k¡ (Fixtures) (Vehicles) ` ` ij vifyf[kr ewY; 31.3.2006 17,000 12,500 okil tksM+sa (Add back) : o"kZ gsrq Œkl (Depreciation for the year) 1,000 2,500 fu"dklu (Disposals) – 1,000 18,000 16,000 ?kVk;sa ij vifyf[kr ewY; (Less) : 31.12.2005 11,000 8,000 ds nkSjku vfèkxzg.k 2005-2006 7,000 8,000 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 152 mnkgj.k (Illustration)4 LVkj vkWby fyfeVsM dh fel T;ksfr us ij lekIr gksus okys o"kZ gsrq jksdM+ izokg 2005 fooj.k cukus ds fy, vxzfyf[kr lwpuk,¡ ,df=r dha : ¼` yk[kksa esa½ 'kq) ykHk (Net Profit) 25,000 pqdrk ykHkka'k ¼ykHkka'k dj lfgr½ [Dividend (including dividend tax) paid 8,535 vk;dj gsrq izkoèkku (Provision for incomce tax) 5,000 o"kZ ds nkSjku pqdk;k vk;dj (Income tax paid during the year) 4,248 laifÙk;ksa dh fcØh ij gkfu ¼'kq)½ (Loss on sale of assets (net)) 40 fcdh laifÙk;ksa dk iqLrd ewY; (Book value of the assets sold) 185 ykHk ,oa gkfu [kkrs esa izHkkfjr Œkl (Depreciation charged to profit & Loos Account) 20,000 iw¡th vuqnku dk ifj'kksèku (Amortization of Capital grant) 6 fofu;ksxksa dh fcØh ij ykHk (Profit on sale of investments) 100 fcds fofu;kxs ka s dh ifjpkyu jkf'k (Carrying amount of investment sold) 27,765 fofu;ksxksa ij C;kt vk; (Interest Income on Investments) 2,506 o"kZ ds C;kt O;; (Interest expenses of the year) 10,000 o"kZ ds nkSjku pqdrk C;kt (Interest paid during the year) 10,520 dk;Z'khy iw¡th esa o`f) ¼jksdM+ ,oa vfèkdks"k 'ks"k ds vfrfjä½ (Increase in working capital excluding cash & Bank Balance) 56,075 LFkk;h laifÙk;ksa dk Ø; (Purchase of fixed assets) 14,560 la;qä m|e esa fofu;ksx (Investment in joint venture) 3,850 fuek.Z kkèkhu dk;Z ij O;; (Expenditure on construction work in progress) 34,740 vizkIr ;kpuk;ksa ls izkfIr (Proceeds from calls in arrear) 2 it¡w hxr ifj;kts ukvksa grs q ikzIr vunq ku (Receipt of grant forcapital projects) 12 nh?kZdkyhu mèkkj ls izkfIr (Proceeds from long-term borrowings) 25,980 vYidkyhu mèkkj ls izkfIr (Proceeds from short-term borrowings) 20,575 izkjfEHkd jksdM+ rFkk vfèkdks"k 'ks"k (Opening cash and Bank balance) 5,003 vafre jksdM+ rFkk vfèkdks"k 'ks"k (Closing cash and Bank balance) 6,988 visf{kr (Required)— okys o"kZ gsrq baLVhV~;wV vkWQ pkVZMZ ,dkmUVsaV vkWQ bf.M;k }kjk fuxZfer jksdM+ 2005 izokg fooj.k] ,-,l-&3 ds vuqlkj jksdM+ izokg fooj.k rS;kj djsaA ¼vko';d ekU;rk,¡ ysa½ AS-3 © The Institute of Chartered Accountants of India dEiuh ds foÙkh; fooj.k 153 lekèkku (Solution) Star Oils Limited Cash Flow Statement for the year ending 31st December, 2005 ````` `````¼yk[kksa esa½ Cash flows from operating activities : Net profit before taxation (25,000 + 5,000) 30,000 Adjustments for : Depreciation 20,000 Loss on sale of assets (Net) 40 Amortisation of capital grant (6) Profit on sale of investments (100) Interest income on investments (2,506) Interest expenses 10,000 Operating profit before working capital changes 57,428 Changes in working capital (Excluding cash and bank balance) (56,075) Cash generated from operations 1,353 Income taxes paid (4,248) Net cash used in operating activities (2,895) Cash flows from investing activities : Sale of assets 145 Sale of investments (27,765 + 100) 27,865 Interest income on investments 2,506 Purchase of fixed assets (14,560) Investment in joint venture (3,850) Expenditure on construction work-in progress (34,740) Net cash used in investing activities (22,634) Cash flows from Financing activities : Proceeds from calls in arrear 2 Receipts of grant for capital projects 12 Proceeds from long-term borrowings 25,980 Proceeds from short-term borrowings 20,575 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 154 Interest paid (10,520) Dividends (including dividend tax) paid (8,535) Net cash from financing activities 27,514 Net increase in cash (and cash equivalents) 1,985 Cash (and cash equivalents) at beginning of period 5,003 Cash (and cash equivalents) at end of period 6,988 fØ;kRed fVIi.kh (Working Notes)— ` fcdh laifÙk;ksa dk iqLrd ewY; (Book value of the assets) 185 ?kVk;sa laifÙk;ksa dh fcØh ij gkfu (Less) : (Loss on sale of assets) 40 fcØh dh izkfIr (Proceeds on sale) 145 ekU;rk (Assumption)— ` 2,506 ds fofu;ksxksa ij C;kt vk; dks o"kZ ds nkSjku izkIr ekuk gSA mnkgj.k (Illustration)5 ,Dl fyfeVsM ds jksdM+ [kkrs ds fuEufyf[kr lkjka'k ls] ekpZ] ij lekIr gksus 31st 2006 okys o"kZ gsrq , ,l&3 ¼la'kksfèkr½ ds izR;{k fofèk ds iz;ksx vuqlkj jksdM+ izokg fooj.k AS-3 rS;kj djsaA dEiuh ds ikl dksbZ jksdM+ rqY; ugha gSaA ij lekIr gksus okys o"kZ gsrq jksdM+ [kkrs dk lkjka'k 31.3.2006 `````'000 `````'000 ij 'ks"k iwrhZdrkZvksa dk Hkqxrku 1.4.2005 50 2,000 lerk va'kksa dk fuxZeu LFkk;h laifÙk;ksa dk Ø; 300 200 xzkgdksa ls izkfIr mifjO;; O;; 2,800 200 LFkk;h laifÙk;ksa dh fcØh etnwjh ,oa osru 100 100 djkèkku 250 ykHkka'k 50 vfèkdks"k _.k dk iqu% Hkqxrku 300 ij 'ks"k 31.3.2006 150 3,250 3,250 © The Institute of Chartered Accountants of India dEiuh ds foÙkh; fooj.k 155 lekèkku (Solution) X Limited Cash Flow Statement for the year ended 31st March, 2006 (Using Direct Method) `'000 `'000 Cash flows from operating activities : Cash receipts from customers 2,800 Cash payments to suppliers (2,000) Cash paid to employees (100) Cash payments for overheads (200) Cash generated from operations 500 Income taxes paid (250) Net cash from operating activities (250) Cash flow from investing activities : Payments for purchase of fixed assets (200) Proceeds from sale of fixed assets 100 Net cash used in investing activities (100) Cash flows from financing activities Proceeds from issuance of equity shares 300 Bank loan repaid (300) Dividend paid (50) Net cash from financing activities (50) Net increase in cash (and cash equlvalents) 100 Cash (and cash equivalents) at beginning of period 50 Cash (and cash equivalents) at end of period 150 mnkgj.k (Illustration)6 , ch lh fyfeVsM ds ykHk ,oa gkfu [kkrs rFkk lEcfUèkr vkfFkZd fpV~Bs dh lwpuk uhps nh x;h gS — , ch lh fyfeVsM dk ykHk ,oa gkfu [kkrk (Prfit and Loss Account of ABC Ltd.) fnlEcj] ij lekIr gksus okys o"kZ gsrq 31st 2006 ¼` yk[kksa esa½ vkxe (Revenue) : fcØh (Sales) 4,150 C;kt ,oa ykHkka'k (Interest and dividend) 100 jgfr;k lek;kstu (Stock adjustment) 20 ;ksx (Total) (A) 4,270 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 156 O;; (Expenditure) : Ø; (Purchase) 2,400 etnwjh ,oa osru (Wages and salaries) 800 vU; O;; (Other expenses) 200 C;kt (Interest) 60 Œkl (Depreciation) 100 ;ksx (Total) (B) 3,560 dj iwoZ ykHk (Profit before tax) (A–B) 710 dj izkoèkku (Tax provision) 200 dj i'pkr ykHk (Profit after tax) 510 ykHk ,oa gkfu [kkrs dk 'ks"k yk;k x;k (Balance of Profit and Loss account brought forward) 50 forj.k gsrq miyCèk ykHk (Profit available for distribution (C) 560 fofu;kstu (Appropriations)— lkekU; lap; esa gLrkarj.k (Transfer to general reserve) 200 izLrkfor ykHkka'k (Proposed dividend) 300 forj.k dj (Distribution tax) 30 ;ksx (Total) (D) 530 'ks"k (Balance) (C–D) 30 lEcfUèkr vkfFkZd fpV~Bs dh lwpuk 31.12.2006 31.12.2005 (Relevant Balance Sheet Information) `in lakhs `in lakhs nsunkj (Debtors) 400 250 jgfr;k (Inventories) 200 180 ysunkj (Creditors) 250 230 vnÙk etnwjh (Outstanding wages) 50 40 vnÙk O;; (Outstanding expenses) 20 10 vfxze dj (Advance tax) 195 180 dj izkoèkku (Tax provision) 200 180 dj ns;rk dk vkdyu djsaA izR;{k fofèk ,oa vizR;{k fofèk nksuksa dk iz;ksx dj lapkyu xfrfofèk ls jksdM+ (Operating) izokg dh x.kuk djsaA © The Institute of Chartered Accountants of India dEiuh ds foÙkh; fooj.k 157 lekèkku (Solution) ABC Limited Cash Flow from Operating Activities for the year ending 31st December, 2006 ` yk[kksa esa ` yk[kksa esa By Direct Method Cash Receipts : Cash sales and collection from debtors Sales+Opening debtors–Closing debtors (A) 4,150 + 250 – 400 4,000 Cash Payments : Cash purchases & payment to creditors Purchases+Opening creditors–Closing creditors 2,400+230 – 250 2,380 Wages and salaries paid 800 + 40 – 50 790 Cash expenses 200 + 10 – 20 190 Taxes paid–Advance tax 195 (B) 3,555 Cash flow from operating activities (A–B) 445 By Indirect method Profit before tax 710 Add: Non-cash items : Depreciation 100 Add: Interest : Financing cash outflow 60 Less: Interest and Dividend : Investment cash inflow (100) Less: Tax paid (195) Working capital adjustments Debtors 250–400 (–150) Inventories 180–200 (–20) Creditors 250–230 20 Outstanding wages 50–40 10 Outstanding expenses 20–10 10 (130) Cash flow from operating activities 445 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 158 lkjka'k (SUMMARY) ,,l ds varxZr O;ogkfjrA (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) 3 (AS 3) ykHk dh udn voèkkj.kk ij vkèkkfjrA (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) fdlh miØe ds jksdM+ ,oa jksdM+ rqY; esa ifjorZu ls lEcfUèkr 'kkfey lwpukvksa dh (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) lqfoèkkA fu;kstu dk mi;ksxh lkèkuA (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) (Planning) jksdM+ dks"k esa 'kkfey gSa (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) — gLrLFk jksdM+ (a) vfèkdks"k ¼cSad½ ds lkFk ek¡x fu{ksi (b) jksdM+ rqY; (c) jksdM+ izokg xfrfofèk;ksa dk varokZg ,oa cfgokZg ds :i esa oxhZÑr fd;k tk ldrk gS (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) ysfdu , ,l& bUgsa lapkyu xfrfofèk] fuos'kkRed 3 (AS-3) (Operating) (Investing) xfrfofèk] foÙkh; xfrfofèk ds :i esa oxhZÑr djrk gSA (Financial) lpa kyu xfrfofèk;k¡ izeq[k jktLo mRiUu djus okyh xfrfofèk;k¡ gSaA (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) (Operating) fuos'kkRed xfrfofèk;ksa] nh?kZdkyhu laifÙk;ksa vkSj vU; fuos'kksa ds vfèkxzg.k (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) (Investing) ,oa fuiVkjs ls lEcfUèkr gSaA foÙkh; xfrfofèk;ksa esa] LokfeRo iw¡th ¼iwokZfèkdkj va'k iw¡th lfgr½ ,oa miØe (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) (Financial) ds _.kksa ds vkdkj rFkk lajpuk esa ifjorZuksa dk ifj.kke 'kkfey gSaA lapkyu xfrfofèk ls jksdM+ izokg x.kuk dh nks fofèk;k¡ 'kkfey gSa (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) (Operating) — izR;{k fofèk (a) vizR;{k fofèk bls ^lekèkku fofèk* ds :i esa Hkh tkuk tkrk gSA (b) fuos'kkRed xfrfofèk;ksa dh x.kuk ds Øe esa] laifÙk;ksa dk vfèkx`g.k ,oa (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) (Investing) fuiVkjs ls lEcfUèkr ¼lapkyu xfrfofèk;ksa ls lEcfUèkr ds vfrfjDr½ varokZg ,oa cfgokZg bl Js.kh ds varxZr n'kkZ;s tkrs gSaA foÙkh; xfrfofèk;ksa dh x.kuk ds Øe esa] miØe dh iw¡th rFkk _.kksa dh jkf'k (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) (Financial) ls lEcfUèkr varokZg ,oa cfgokZg bl 'kh"kZd ds varxZr n'kkZ;s tkrs gSaA © The Institute of Chartered Accountants of India dEiuh ds foÙkh; fooj.k 159 Lo-ijh{kk iz'u (SELF-EXAMINATION QUESTIONS) oLrqfu"B iz'u I. (Objective Type Questions) fn, x;s fodYiksa ls vfèkd mi;qä mÙkj pqfu;s — 1. ;'k fyfeVsM viuk jksdM+ izokg fooj.k rS;kj djkuk pkgrk gSA og vius `60,000 iqLr ewY; ds midj.kksa dks `8,000 ds ykHk ij csprs gSaA bl jksdM+ izokg fooj.k ds varxZr lapkyu xfrfofèk;ksa dh izfrosfnr dh tkus okyh jkf'k gS (operating) — ¼v½ 'kwU; (Nil) ¼c½ (8,000) ¼l½ 8,000 ,d foÙkh; miØe }kjk pqdrk C;kt ls vftZr jksdM+ izokg fd n'kk esa] ;g -------- ls 2. jksdM+ izokg gSA ¼v½ foÙkh; xfrfofèk (Financial) ¼c½ fuos'kkRed xfrfofèk (Investing) ¼l½ lpa kyu xfrfofèk (Operating) jksdM+ izokg fooj.k dh n'kk esa] ^jksdM+ ,oa jksdM+ rqY;* esa 'kkfey gSa μ 3. — ¼v½ cSad ,oa jksdM+ ¼c½ vYidkyhu fofu;ksx ¼l½ ¼v½ rFkk ¼c½ nksuksa jksdM+ izokg fooj.k ij , ,l ds vuqlkj] ,d fuekZ.kh dEiuh }kjk , ch 4. –3 (AS-3) lh dEiuh fyfeVsM ds va'kksa dh fcØh ls izkIr jksdM+ dks -------- ds :i esa oxhZ—r fd;k tkuk pkfg, — ¼v½ lpa kyu xfrfofèk] (Operating) ¼c½ foÙkh; xfrfofèk] (Financial) ¼l½ fuos'kkRed xfrfofèk] (Investing) jksdM+ izokg fooj.k rS;kj djrs le;] _.k dk lerk esa ifjorZu 5. ¼v½ foÙkh; xfrfofèk ds :i esa n'kkZuk pkfg,A (Financial) ¼c½ fuos'kkRed xfrfofèk ds :i esa n'kkZuk pkfg, (Investing) ¼l½ xSj jksdM+ O;ogkjksa ds :i esa ugha n'kkZuk pkfg,A - (non-cash transaction) mÙkj ¼v½ ¼l½ ¼l½ ¼l½ ¼l½A [ (Answer)—1. , 2. , 3. , 4. , 5. ] y?kq mÙkjh; iz'u II. (Short Answer Type Questions) mi;ksxdrkZ jksdM+ izokg fooj.k ls D;k vfrfjä lwpuk izkIr dj ldrs gSa\ 6. ys[kksa ds mi;ksxdÙkkZvksa dks jksdM+ izokg lwpuk,¡ iznku djus gsrq vko';d jksdM+ 7. izokg oxhZdj.k dh la{ksi esa ppkZ djsaA ,d fuekZ.kh laLFkku ds fuos'kkRed xfrfofèk;ksa ,oa lapkyu 8. (Investing) (Operating) xfrfofèk;ksa ls jksdM+ izokg ds nks mnkgj.k nsaA © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 160 nh?kZ mÙkjh; iz'u III. (Long Answer Type Questions) jksdM+ izokg fooj.k dk D;k egRo gS\ jksdM+ ,oa jksdM+ rqY; ds fofHkUu rRoksa dks 9. le>k,¡A mnkgj.k dh lgk;rk ls jksdM+ izokg fooj.k rS;kj djus dh izR;{k ,oa vizR;{k 10. fofèk;ksa dk o.kZu djsaA fØ;kRed iz'u IV. (Practical Problems) xzks eksj fyfeVsM ds [kkrksa ls lEcfUèkr fuEufyf[kr fooj.kksa ls jksdM+ izokg fooj.k 11. rS;kj djsa — ` ` ekpZ] ekpZ] 31st 31st 2006 2005 nkf;Ro (Liabllities)— va'k iw¡th (Share Capital) 10,00,000 8,00,000 lpa ; (Reserve) 2,00,000 1,50,000 ykHk ,oa gkfu [kkrk (Profit and Loss Account) 1,00,000 60,000 _.ki= (Debentures) 2,00,000 – djkèkku gsrq izkoèkku (Provision for taxation) 1,00,000 70,000 izLrkfor ykHkka'kk (Proposed dividend) 2,00,000 1,00,000 fofoèk ysunkj (Sundry creditors) 7,00,000 8,20,000 25,00,000 20,00,000 lEifÙk;k¡ % (Assets) ;a= ,oa l;a= (Plant and Machinery) 7,00,000 5,00,000 Hkwfe rFkk Hkou (Land and Building) 6,00,000 4,00,000 fofu;ksx (Investments) 1,00,000 – fofoèk nsunkj (Sundry debtors) 5,00,000 7,00,000 jgfr;k (Stock) 4,00,000 2,00,000 gLrLFk @ cSad esa jksdM+ (Cash on hand/Bank) 2,00,000 2,00,000 25,00,000 20,00,000 ;a= ,oa l;a= ds izkjfEHkd ewY; ij fd nj ls Œkl izHkkj fd;k x;k A (i) 25% (ii) o"kZ ds nkSjku `50,000 ykxr ¼vifyf[kr ewY; `20,000 ½ dk ,d iqjkuk ;a= `35,000 ij csp fn;k x;kA (iii) `50,000 vk;dj o"kZ ds nkSjku pqdk;k x;kA fuekZ.kkèkhu Hkou dksbZ ewY;Œkl ds vèkhu ugha FkkA (iv) jksdM+ izokg fooj.k rS;kj djsaA © The Institute of Chartered Accountants of India dEiuh ds foÙkh; fooj.k 161 fuEufyf[kr vkfFkZd fpV~Bs ,oa lwpukvksa ls] ekpZ] ij lekIr gksus okys o"kZ 12. 31st 2006 gsrq j;ku fyfeVsM dk jksdM+ izokg fooj.k rS;kj djsa — vkfFkZd fpV~Bk (Balance Sheet) ` ` 31st March, 31st March, 2006 2006 nkf;Ro % (Liabllities) lerk va'k iw¡th (Equity Share Capital) 6,00,000 5,00,000 foekspu'khy iwokZfèkdkj iw¡th 10% (Redeemable Preference Capital) – 2,00,000 iw¡th 'kksèku lap; (Capital Redemption Reserve) 1,00,000 – iw¡th lap; (Capital Reserve) 1,00,000 – lkekU; lap; (General Reserve) 1,00,000 2,50,000 ykHk ,oa gkfu [kkrk (Profit and Loss Account) 70,000 50,000 _.ki= 9% (Debentures) 2,00,000 – fofoèk ysunkj (Sundry Creditors) 95,000 80,000 ns; foi= (Bills Payable) 20,000 30,000 O;; gsrq nkf;Ro (Liabilities for Expenses) 30,000 20,000 djkèkku gsrq izkoèkku (Provision for Taxation) 95,000 60,000 izLrkfor ykHkka'k (Proposed dividend) 90,000 60,000 15,00,000 12,50,000 lEifÙk;k¡ % (Assets) Hkwfe rFkk Hkou (Land and Building) 1,50,000 2,00,000 ;a= ,oa l;a= (Plant and Machinery) 7,65,000 5,00,000 fofu;ksx (Investments) 50,000 80,000 jgfr;k (Inventory) 95,000 90,000 izkI; foi= (Bills Receivable) 65,000 70,000 fofoèk nsunkj (Sundry debtors) 1,75,000 1,30,000 jksdM+ ,oa cSad (Cash and Bank) 65,000 90,000 izkjafHkd O;; (Preliminary Expenses) 10,000 25,000 LoSfPNd i`Ddj.k Hkqxrku (Voluntary Separation Payments) 1,25,000 65,000 15,00,000 12,50,000 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 162 vfrfjä lwpuk (Additional information)— (i) Hkwfe dk ,d fgLlk ` 1,50,000 ¼ykxr % ` 1,20,000 ½ gsrq csp fn;k vkSj 'ks"k Hkwfe iquewZY;kafdr dh x;h FkhA iw¡th lap; esa fcØh dk ykHk ,oa iquewZY;kadu dk ykHk 'kkfey gSA (ii) `90,000 gsrq ,d ;a= dks 1st vizSy] 2005 ij cspk x;k Fkk ¼okLrfod ykxr % ` 70,000 rFkk vifyf[kr ewY; % ` 50,000 ½ vkSj `1 yk[k ewY; ds _.ki=ksa dks ` 4.5 yk[k ds vfèkxzfgr la;= ds izfrQy ds fgLls ds :i esa fuxZfer fd;k x;k FkkA (iii) fofu;ksxksa ds ,d fgLls dks ` 70,000 gsrq ¼ykxr : `50,000 ½ cspk x;k FkkA (iv) izkIr iwoZ vfèkxzg.k ykHkka'k ` 5,000 dks fofu;ksx dh ykxr ds lEeq[k lek;ksftr fd;k x;kA lapkydksa ¼funs'kdksa½ us pkyw o"kZ gsrq ykHkka'k izLrkfor fd;k gSA (v) 15% (vi) ` 50,000 dh LoSfPNd i`FkDdj.k ykxr dks lkekU; lap; ds lEeq[k lek;ksftr fd;k x;kA (vii) pkyw o"kZ gsrq vk;dj ns;rk dk vuqeku `1,35,000 FkkA la;a= ij dh nj ls Œkl vifyf[kr fd;k x;k gS ysfdu Hkwfe rFkk Hkou (viii) 15% ij dskbZ Œkl izHkkfjr ugha fd;k x;k gSA © The Institute of Chartered Accountants of India 3 lekesyu ls iwoZ ds ykHk ;k gkfu [PROFIT OR LOSS PRIOR TO INCORPORATION] v/;;u ds mís'; (Learning Objectives) bl vè;k; ds v/;;u ds i'pkr~ vki l{ke gksaxs — lekesyu ls iwoZ ds ykHkksa ds ys[ks djus esaA (cid:137) lekesyu ls iwoZ ds ykHk ;k gkfu dh x.kuk djus dh fofHkUu fofèk;ksa dks (cid:137) lh[kus esaA foØsrk ds nsunkjksa vksj ysunkjksa dh voèkkj.kk dks le>us esa rFkk mUgsa (cid:137) mipkfjr djus esaA ifjp; 1. (INTRODUCTION) tc fdlh dEiuh ds izorZd ,d pkyw O;olk; dks mlds iath;u dh frfFk ls iwoZ vfèkx`ghr djrs gSa ,oa ml O;olk; dk LokfeRo ,oa izcUèku djrs gSa rks ,sls O;olk; dks dEiuh ds :i esa vfLrRo esa vkus ls iwoZ dh vofèk rd ds bl ykHk ;k gkfu dh jkf'k dks lekesyu ls iwoZ ds ykHk ;k gkfu ds :i esa tkuk tkrk gSA ,sls ykHk ;k gkfu;k¡ tks dEiuh ls lEcfUèkr gksrs gSa ;k blds }kjk ns; gksrs gaSA iw¡thxr izo`fr ds gksrs gSaA ;g vko';d gS fd bl izdkj ds ykHk ;k gkfu dks O;kolkf;d ykHk ;k gkfu ls i`Fkd~ vfHkO;Dr fd;k tk;sA bl lEcUèk esa lkekU; O;ogkj ;g gS fd — ;fn gkfu gks rks] (i) bldkss ykHk&gkfu MsfcV djds vifyf[kr fd;k tk ldrk gS ;k bls ,d (a) fof'k"V [kkrs ßlekeys u ls iow Z dh gkfuÞ ea s MfscV djds fpVB~ s ea s lEifÙk ds :i esa fn[kk;k tkrk gSA oSdfYid :i esa bls [;kfr [kkrs esa MsfcV fd;k tkrk gSA (b) © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 164 nwljh vksj ;fn] vfèkxzg.k ls iwoZ dh vofèk esa ykHk dek;k tkrk gS vkSj bls ml (ii) vofèk ds fy, ns; C;kt ls iw.kZr% 'kksfèkr ugha fd;k tkrk gS rks bls (Abrobed) iw¡th lap; [kkrs ;k [;kfr [kkrs esa ØsfMV dj fn;k tkrk gS] ;fn dksbZ [;kfr lEifÙk ds :i esa lek;ksftr dh xbZ gksA ;g ykHk dEiuh ds lnL;ksa esa ykHkka'k ds :i esa forj.k ;ksX; miyCèk ugha gksxkA lekesyu ls iwoZ ds ykHk ;k gkfu dh x.kuk djus dh fofèk;k¡ 2. (METHOD OF COMPUTING PROFIT OR LOSS PRIOR TO INCORPORATION) ,sls ykHk ;k gkfu dk fuèkkZj.k djuk cgqr ljy ckr gksxh ;fn dEiuh ds vfLrRo esa vkus ls iow Z y[s k iqLrdkas dks cUn djuk o O;olk; }kjk j[ks x;s LVkWd ¼jgfr;½s dks Kkr djuk lHa ko gkAs ,ls h fLFkfr ea s iLq rdka s ls lfa{kIr ryiV r;S kj fd;k tk;xs k vkjS ykHk ;k gkfu dks Kkr (Abstracted) fd;k tk;sxkA rRi'pkr~ ;k rks iqLrdsa cUn dj nh tk;saxh ;k fcuk forj.k ds 'ks"k tkjh j[ks tk;xas As dos y bl idz kj Kkr dh xbZ ykHk ;k gkfu dh jkf'k dks mi;DZq r of.krZ jhfr ls lek;kfstr fd;k tk,xkA tc ;g lEHko u gks rc fuEu esa ls dksbZ fofèk bl mís'; gsrq viuk;h tk;sxhA lcls ljy ijUrq lcls mfpr fofèk ugha gS fd iqjkuh iqLrdksa dks cUn dj fn;k (1) tk;s vkSj lekesyu dh frfFk ij fo|eku lEifÙk;ksa o nkf;Roksa ds lkFk ubZ iqLrdsa [kksyh tk,aA bl izdkj ml fofèk rd ds ifj.kke Lor% lek;ksftr gks tk;saxsA rFkk vfèkxg` hr lEifÙk;ksa o nkf;Roksa ds ewY; o Ø; ewY; ds eè; vUrj dks ;k rks [;kfr ;k lap; ds :i esa lek;ksftr dj fn;k tkrk gSA vr% [kkrs dos y lekeys u dh vofèk ls lEcfUèkr gkxas s rFkk lekeys u ls iow Z dh vofèk ds ykHk ;k gkfu ds fy;s fdlh izdkj ds lek;kstu dh vko';drk ugha iM+sxhA pawfd O;olk; ds vfèkxzg.k dk fu.kZ; lkekU;r% ml frfFk ls cgqr ckn esa fy;k (2) tkrk gSA ftl frfFk ls bls vfèkx`ghr djus dh lgefr curh gSA vr% lkèkkj.kr% ;g lEHko ugha gksrk fd mi;qZDr of.kZr fofèk;ksa esa ls fdlh fofèk dks viuk;k tk;sA ,slh ifjfLFkfr esa dsoy ;gh fodYi cprk gS fd o"kZ ds ykHkkas dks lekesyu ls iwoZ rFkk i'pkr~ dh vofèk ds fy, nks Hkkxksa esa ck¡Vdj gLrkarfjr dj fn;k tk;sA ,slk le; ds vkèkkj ij ;k foØ; ds vkèkkj ij ;k ,slh fofèk tks nksuksa dk feJ.k gks ds vkèkkj ij fd;k tk;sA caVokjs dk vkèkkj 3. (BASIS OF APPORTIONMENT) fdlh O;olk; ds ldy ykHk dh jkf'k le; ij fuHkZj ugha gksrh gSA vr% (cid:122) vis{kkÑr ;g vfèkd mi;qDr gksxk fd bls foØ; ds vkèkkj ij ck¡Vk tk;sA blh idz kj ldy ykHk dks vftrZ djus es a tks O;; g,q ga S ;fn mudk mlls iRz ;{k lEcUèk ugha gS rks] mUgsa izR;sd ifjfLFkfr esa ,d mi;qä vkèkkj ij ck¡Vk tkuk pkfg,A lkekU; O;; tks LFkk;h gksrs gSa] tSls&chek] osru] Œkl vkfn le; ds vkèkkj ij ck¡Vs (cid:122) tkrs g]aS tcfd os ifjoruZ 'khy O;; gkrs s g]Sa tlS s Mcw r _.k] dVkrS h ] — (discount) cká Hkkx] bR;kfn dks foØ; ds vkèkkj ij ck¡Vk tkrk gS miyCèk lwpuk dh n`f"V [ ls ml le; tc ;s O;; fd;s x;s gksa ;k mu nksuksa vofèk;ksa ds ykHkksa ls lEcfUèkr izfrQy Lo:i O;; fd;s x;s gksa ] © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 165 mnkgj.k ds fy;s] foØsrk ds ØsfMV 'ks"k ij ns; C;kt ml vofèk ds ykHk ls pktZ (cid:122) fd;k tkrk gS] tks O;olk; ds vfèkxzg.k ls iwoZ dh vofèk dk gSA rFkk ;g ekuk tkrk gS fd ;g ml vofèk ls lEcfUèkr gS tc ;g ykHk mikftZr fd;k x;k gSA ;|fi Ø; ewY; dk Hkqxrku ugha fd;k x;k gS] fdUrq ;fn O;olk; ds vfèkxzg.k ij Ø; ewY; ugha pqdk;k tkrk gS] rks ckn dh vofèk dk C;kt lekesyu ds i'pkr~ dh vofèk ds ykHkksa esa ls pktZ fd;k tkrk gSA iuq % dEiuh ds fuek.Z k ls lEcfUèkr O;; ;|fi lekeys u ls iow Z dh vofèk ea s O;; fd;s (cid:122) tkrs gSa] fdUrq os lekesyu ds i'pkr~ dh vofèk ds ykHkksa esa ls pktZ fd;s tkrs gSaA ` ekuk lekesyu ls iwoZ vofèk dh fcØh 6,000 lekesyu ds i'pkr~ dh vofèk dh fcØh 19,000 25,000 dEiuh dsoy ,d gh izdkj ds mRikn dk O;kikj djrh gSA o"kZ esa lekesyu ds iwoZ vofèk dh fcØh dh bdkbZ ykxr dh rqyuk ds i'pkr~ dh vofèk dh bdkbZ ykxr de gks xbZ gSA 10% bl fLFkfr esa fcØh dh ykxr nksuksa vofèk;ksa ds eè; ¼vFkkZr~ ½ ds 6,000 : 17,100 19,000 – 1,900 vuqikr esa foHkkftr dh tk;sxhA lekesyu ds iwoZ ;k gkfu 4. (PRE-INCORPORATION PROFITS & LOSSES) Ø- lekesyu ls iwoZ ykHk lekesyu ls iwoZ gkfu bldk iw¡thxr lap; [kkrs esa bldk O;olk; vfèkx`ghr djus ds 1. gLrkarj.k ¼iw¡tho`r½ ykxr ds :i esa mipkfjr djds bldk iz;ksx fd;k tk ldrk ¼[;kfr½ gS bldk i;z kxs fd;k tk ldrk gS — — vfèkxzg.k ij [;kfr dks vi& lekeys u ds i'pkr~ ds ykHkka s ls (cid:122) (cid:122) fyf[kr djus izkjfEHkd O;; dks vifyf[kr] vfèkxzg.k ij [;kfr dks tksM+uk (cid:122) (cid:122) lEifÙk;ksa ds vfèkewY; dks (Writing down) cksul va'kksa dks fuxZfer iw¡thxr ykHkksa dks vifyf[kr (cid:122) (cid:122) va'kr% Hkqxrku va'kksa dk Hkqxrku djukA (cid:122) (Party paid share) mnkgj.k (Illustration)1 fo|qr fyfeVsM dk tqykbZ] dks fctyh fyfeVsM dk tuojh ls vfèkxzg.k djus 1 2007 1 ds fy, lekesyu gqvkA fctyh dk O;olk; pkyw j[kk tk;sxkA LFkk;h lEifÙk o [;kfr dk Ø; ewY; mu o"kks± ds ykHkksa ds ds cjkcj ns; gksxkA 80% © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 166 fuEu ryiV fnlEcj] dks fn;k x;k gSS] ftlls vki fpV~Bk rS;kj dj ldsa rFkk 31 2007 ykHk&gkfu caVckjk [kkrs esa ls izkjfEHkd O;; dks vifyf[kr djuk gS % 1/3 Dr. Cr. ` ` va'k iw¡th lerk va'kksa dh 1,500 1,20,000 `100 izR;sd `80 pqdrk fofoèk nsunkj 82,000 fnlEcj] ij jgfr;k 31 2007 67,000 vfèkdks"k esa rFkk gkFk esa jksdM+ 24,000 funsZ'kd 'kqYd 3,000 izkjfEHkd O;; 24,000 fofoèk ysunkj 32,000 fctyh ds lkFk izos'k Bgjko ds vUrxZr lHkh O;;ksa ds izkoèkku ds i'pkr~ o"kZ dk ykHk 48,000 2,00,000 2,00,000 lekèkku (Solution) Balance Sheet of M/s Bidyut Ltd. as on 31st Dec. 2007 Liabilities ` Assets ` Share Capital Fixed Assets Issued & Subscribed Goodwill & Fixed Assets 38,400* Capital 1,500 Equity Investments Nil Shares of ` 100 each, Current Assets ` 80 paid up 1,20,000 Stock 67,000 Reserves & Surplus Debtors 82,000 Capital Reserve 24,000 Bank 24,000 (Per-incorporation profit) Misc. Expenses & Losses Profit & Loss A/c 13,000 not written off Secured Loans Nil Preliminary expenses 16,000 Unsecured Loans Nil Current Liabilities & Provisions Trade Creditors 32,000 Due to Bijli 38,400 2,27,400 2,27,400 Vªkoudksj lqxj ,.M dsfedy fyfeVsM fo#) esa mPpre U;k;ky; * C I T (62 CIT 566), }kjk èkkfjr fd;k x;k fd dj mís'; gsrq lEcfUèkr Hkqxrku ,d vk;xr O;; gS rFkk dEiuh ds ykHkksa esa ls ?kVsxkA © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 167 Statement of Appropriation of Profit Pre-incor- Post-incor- poration poration ` . ` ` Net Profit for the Year 24,000 24,000 Less: Directors' fee 3,000 Preliminary Exps. 8,000 11,000 24,000 13,000 Amount Payable to Bijli : Profit for the year 48,000 80% due as cost of goodwill, assets, etc. 38,400 mnkgj.k (Illustration)2 bUnj vkSj fo".kq ,d lk>snkjh la;qDr Ldaèk QeZ esa dk;Z dj jgs Fks] ftls mUgksaus QSyks VªSoYl ds uke ls iathÑr djk;kA ekpZ] dks vius fo|eku O;olk; dks vfèkx`ghr 31 2005 fd;kA 1 tuojh] 2007 ls lk>snkjh QeZ dh lHkh lEifÙk;ksa ds `3,00,000 esa ysus ds fy, lger gq, vkSj tc rd bl jkf'k dk iw.kZ Hkqxrku ugha gks tkrk bl ij dh nj ls C;kt ns; gksxkA 6% twu] dks jkf'k dk Hkqxrku fd;kA Ø; izfrQy dk Hkqxrku djus ds fy, 30 2007 (discharge) dEiuh us `10 izfr okys 20,000 lerk va'k `1 izfr izC;kft ij fuxZfer fd;s vkSj 7% okys _.ki= foØsrk dks le ewY; ij ftudk vafdr ewY; `1,50,000 gS ck¡VsA The Profit and Loss Account of the “Fellow Travellers Ltd.” for the year ended 31st December, 2007 was as follows— ` ` Purchase, including stock 1,40,000 Sales : Freight and carriage 5,000 1st January to 31st May, 2005 60,000 Gross Profit c/d 60,000 1st June to 31st Dec., 2005 1,20,000 Stock in hand 25,000 2,05,000 2,05,000 Salaries and Wages 10,000 Gross profit b/d 60,000 Debenture Interest 5,250 Depreciation 1,000 Interest on Purchase Consideration (up to 30-6-2007) 9,000 Selling Commission 9,000 Directors’ Fees 600 Preliminary Expenses 900 Provision for taxes 6,000 Dividend on equity shares @ 5% 5,000 Balance c/d 13,250 . 60,000 60,000 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 168 lekesyu ls iwoZ ds ykHk ;k gkfu ds c¡Vckjs dk fooj.k o mu jkf'k;ksa dks Hkh n'kkZb;s tks fpV~Bs esa 'kkfey dh tkuh pkfg;sA lekèkku (Solution) Fellow Travellers Ltd. Statement showing apportionment of profit between periods prior to and since incorporation Pre-incor- Post-incor- Ratio poration poration ` . ` ` Gross profit allocated on the basis 1:2 20,000 40,000 of sale Administrative Expenses allocated On time basis : (i) Salaries and wages 10,000 (ii) Depreciation 1,000 5:7 4,583 6,417 Selling Commission on the basis of sales 1:2 3,000 6,000 Interest on Purchase Consideration (Time basis) 5:1 7,500 1,500 Expenses applicable wholly to the Post-incorporation period : Debenture interest 5,250 Director's Fees 600 5,850 Appropriations : Preliminary Expenses w/o 900 Provision for Tax 6,000 Dividend on equity share 5,000 11,900 Balance c/d to Balance Sheet 4,917 8,333 20,000 40,000 Fellow Travellers Ltd. Extract From the Balance Sheet as on 31st Dec., 2007 Share Capital : ` 20,000 equity shares of ` 10 each fully paid 2,00,000 Reserve and Surplus : Profit Prior to Incorporation 4,917 © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 169 Securities Premium Account 20,000 Profit and Loss Account 8,333 7% Debentures 1,50,000 Provision for Taxes 6,000 Total 3,89,250 mnkgj.k (Illustration) 3 ea=h ,tsUlh ds lk>snkjksa us tuojh] ij viuk lk>snkjh O;olk; 1 2007 MA(P) Ltd. uke fd ,d futh lhfer dEiuh esa cnyus dk fu.kZ; fy;kA fnlEcj] ij QeZ ds 31 2006 vkfFkZd fpV~Bs ds vkèkkj ij Ø; izfrQy `1 djksM+ 17 yk[k ij fuèkkZfjr gqvkA blds ckn dqN izfØ;kxr dfBukb;ksa ds ckn dEiuh dk lekesyu vizSy] ij gqvkA bl chp dEiuh ds 1 2007 uke ds lanHkZ esa O;olk; pkyw j[kk rFkk mDr frfFk dks Ø; izfrQy dk Hkqxrku izfr'kr 12 izfro"kZ ij C;kt ds lkFk fd;k x;kA dEiuh }kjk ys[kkadu dh mUgha iqLrdksa dks fujUrj j[krs gq, vius izFke ckj [kkrksa dk lekiu ekpZ] ij fd;k rFkk fuEufyf[kr lkjka'khÑr 31 2008 ykHk ,oa gkfu [kkrk rS;kj fd;kA fooj.k jkf'k (`) jkf'k (`) fcØh 2,34,00,000 foØ; gq, eky dh ykxr 1,63,80,000 osru 11,70,000 Œkl 1,80,000 foKkiu 7,02,000 cV~Vk 11,70,000 izcUèkdh; lapkyd ikfjJfed 90,000 fofoèk dk;kZy; O;; 1,20,000 'kks:e lfgr dk;kZy; fdjk;k 7,20,000 C;kt 9,51,000 2,14,83,000 ykHk 19,17,000 dEiuh us Ø; izfrQy dks pqdkus ,oa dk;Z'khy iw¡th dh vko';drk gsrq ` 50 yk[k dk _.k izfro"kZ dh nj ls fy;kA 12% dEiuh vizSy] ls QeZ dh vkSlr ekfld fcØh dks nqxuk djus esa l{ke Fkh] ijUrq 1 2007 mDr frfFk ls osru frxquk gks x;kA 1 tqykbZ] 2007 ls ,d vfrfjDr LFkku ` 30,000 izfrekg fdjk;s ij fy;k x;kA lekesyu ls iwoZ o i'pkr~ dh vofèk esa fofHkUu O;;ksa ,oa vk;ksa dks ck¡Vrs gq, Lrjh; izk:i esa ykHk ,oa gkfu [kkrk rS;kj djsaA lkFk gh lekesyu iwoZ ds ykHk dks dSls O;ogkfjr fd;k tk,xk bl ij lykg nsaa — © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 170 lekèkku (Solution) MA (P.) Ltd. Profit & Loss A/c for 15 Months ended 31st March, 2007 Pre-inc. Post inc. Pre-inc. Post -inc. ` ` ` ` To Cost of goods sold 18,20,000 1,45,60,000 By Sales 26,00,000 2,08,00,000 Salaries 90,000 10,80,000 ,, Loss 19,000 ” Depreciation 36,000 1,44,000 ” Advertisement 78,000 6,24,000 ” Discounts 1,30,000 10,40,000 ” M.D.'s Remuneration – 90,000 ” Misc. Office Expenses 24,000 96,000 ” Rent 90,000 6,30,000 ” Interest 3,51,000 6,00,000 ” Net Profit – 19,36,000 26,19,000 2,08,00,000 26,19,000 2,08,00,000 fØ;kRed fVIif.k;k¡— fcØh ds vuqikr dh x.kuk (1) ekuk fd lekesyu ls iwoZ vofèk esa izfrekg vkSlr fcØh gS rks lekesyu ds 'x' i'pkr~ vofèk esa vkSlr fcØh gksxh vFkkZr~ dqy '2x' fcØh ;k gksxhA fcØh dk vuqikr ;k gksxkA (3 × x) + (12 × 2x) 27x 3x : 24x 1:8 le; vuqikr ekg % ekg ;k gSA 3 12 1:4 fcØh ds vkèkkj ij ck¡Vs x;s O;; fcds eky dh ykxr] foKkiu] cV~Vk gSA (2) le; ds vkèkkj ij ck¡Vs x;s O;; Œkl rFkk fofoèk dk;kZy; O;; gSaA (3) osru ds c¡Vokjs gsrq vuqikr (4) — ;fn lekesyu ls iwoZ ekfld vkSlr gS] ekg gsrq gSA x 3 3x 'ks"k ekg gsrq ls ;k gksxkA 12 3x 36x ;kfu foHkktu dk vuqikr gSA 1 : 12 fdjk;s dk c¡Vckjk (5) — ` dqy fdjk;k 7,20,000 ekg gsrq vfrfjDr fdjk;k ¼ tqykbZ ls ekpZ] rd½ 9 1 31 2007 2,70,000 iqjkus ifjlj gsrq ekg ds fy;s fdjk;k 15 4,50,000 © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 171 lekesyu iwoZ lekesyu i'pkr~ iqjkus ifjlj 90,000 3,60,000 tksM+s %% u;k ifjlj — 2,70,000 90,000 6,30,000 mipkj ij fVIi.kh — pw¡fd lekesyu ls iwoZ dk ykHk _.kkRed gS ;k gksxkA O;ogkjksa ds lEcUèk esa vftZr fdlh iw¡th lap; iw.kZr% ?kVkus gsrq fopkj.kh; (a) [;kfr ds :i esa mipkfjrA (b) mnkgj.k (Illustration)4 ebZ] ij fyfeVsM dk lekesyu] ,.M dEiuh ds O;olk; dks tuojh] 1 2006 ABC DEF 1 ls yus s grs q gvq kA ij lekIr gkus s okys o"kZ grs q }kjk fuEukfadr ykHk ,oa 2006 31.12.2005 ABC Ltd. gkfu [kkrk izLrqr fd;k x;kA Profit and Loss Account ` ` To Rent and Taxes 90,000 By Gross Profit 10,64,000 To Salaries including By Interest on Manager's salary of Investments 36,000 `85,000 3,31,000 To Carriage Outwards 14,000 To Printing and Stationery 18,000 To Interest on Debentures 25,000 To Sales Commission 30,800 To Bad Debts (related to sales) 91,000 To Underwriting Commission 26,000 To Preliminary Expenses 28,000 To Audit Fees 45,000 To Loss on sale of Investments 11,200 To Net Profit 3,90,000 11,00,000 11,00,000 fuEufyf[kr lwpukvksa ij fopkj djus ds i'pkr~ lekesyu ls iwoZ rFkk lekesyu ds i'pkr~ ds c¡Vckjs dks n'kkZrs gq, ,d fooj.k rS;kj djsa : ldy ykHk vuqikr o"kZ Hkj fLFkj jgkA (1) tuojh rFkk vDVwcj gsrq fcØh vkSlr ekfld fcØh dk xquk Fkk rFkk fnlEcj (2) 1.5 gsrq fcØh vkSlr ekfld fcØh dh nqxuh FkhA (3) tqykbZ 2003 esa gqbZ fcØh gsrq `7,000 ds v'kksè; _.k dh okilh dks lek;ksftr djus ds i'pkr~ v'kksè; _.k n'kkZ;s x;s gSaA © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 172 (4) izcUèkd dk osru 1 ebZ] 2006 ls `2,000 izfrekg c<+k fn;k x;k FkkA lHkh fofu;ksxksa dks vizSy] ij csp fn;k x;kA (5) 1 2006 lekèkku (Solution) lekesyu iwoZ vofèk ekg ¼ tuojh] ls vizSy] rd½ gS rFkk lekesyu 4 1 2006 30 2006 i'pkr~ vofèk ekg ¼ ebZ] ls fnlEcj] gS½A 8 1 2006 31 2006 Profit & Loss Account for the Year ended 31st December, 2006 Pre-inc. Post inc. Pre-inc. Post -inc. ` . ` . ` . ` . To Rent and Taxes 30,000 60,000 By Gross Profit 3,42,000 7,22,000 To Salaries By Interest on Manager's Salary 23,000 62,000 Investments 36,000 — Other Salaries 82,000 1,64,000 By Bad Debts — Recovery 7,000 ToPrinting and Stationery 6,000 12,000 ToAudit fees 15,000 30,000 ToCarriage Outwards 4,500 9,500 ToSales Commission 9,900 20,900 ToBad Debts (91,000 + 7,000) 31,500 66,500 To Interest Debentures — 25,000 To Underwriting — 26,000 Commission ToPreliminary Expenses — 28,000 ToLoss on sale of investments 11,200 — To Net Profit 1,71,900* 2,18,100 3,85,000 7,22,000 3,85,000 7,22,000 lekesyu ls iwoZ dk ykHk iw¡thxr ykHk gS rFkk bls iw¡th lap; esa gLrkarfjr fd;k tk;sxkA dk;Z'khy fVIif.k;k¡— fcØh ds vuqikr dh x.kuk (1) : ekuk vkSlr ekfld fcØh gS] rks tuojh ls vizSy rd dh fcØh rFkk ebZ 'x' 4.5x ls fnlEcj rd dh fcØh gksxhA 9.5x 9 19 fcØh dk vuqikr : ;k 9:19 gksxkA 2x 2x © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 173 ldy ykHk] ckgjh xkM+h HkkM+k] fcØh deh'ku] rFkk vifyf[kr v'kksè; _.kksa dks (2) lekesyu ls iwoZ rFkk i'pkr~ dh vofèk esa fcØh ds vuqikr esa ;kfu esa ck¡Vk 9:19 tk;sxkA fdjk;k] osru] NikbZ ,oa ys[ku lkexzh rFkk vads{k.k 'kqYd le; vkèkkj ij ck¡Vk (3) tk;sxkA _.ki=ksa ij C;kt] vfHkxksid deh'ku rFkk izkjfEHkd O;;ksa dks lekesyu i'pkr~ (4) vofèk esa ck¡Vuk gSA fofu;ksx ij C;kt] fofu;ksxksa dh fcØh ij gkfu rFkk v'kksè; _.kksa dh olwyh (5) lekesyu iwoZ vofèk esa ck¡Vuk gSA mnkgj.k (Illustration) 5 ,d dEiuh feLVj ds O;olk; dks viySz ] ls vfèkxgz .k djus ds fy, tyq kb]Z M 1 2008 1 2008 dks lekesfyr gqbZA mDr fofèk dks feLVj dk fpV~Vk fuEuuqlkj gSA M Liabilities ` Assets ` Trade Creditors 36,000 Building 80,000 Capital 1,94,000 Furniture and Fittings 10,000 Debtors 90,000 Stock 30,000 Bank 20,000 2,30,000 2,30,000 foØrs k }kjk nus nkj o vfèkdk"sk 'k"skka s dks jkds dj j[kk vkjS yus nkjka s dks muds }kjk pdq k fn;k x;kA dEiuh }kjk nus nkjka s dh olyw h dh jkf'k ij deh'ku fn;k tk;xs kA dEiuh }kjk feLVj 5% M dks `10 ifzr okys 10,000 lerk v'a k fuxfZer fd;s x;s ifzr v'a k `8 pdq rk vkjS `56,000 udnA dEiuh us `10 ifzr v'a k] 20,000 lerk v'a k udn ds fy, turk dks fuxfZer fd;s tks fd 31 ekp]Z 2009 dks `8 ifzr v'a k ;kfpr ,oa pdq rk g]S ijUrq 1,000 v'a kka s dks NkMs d+ j ftu ij rhljh ek¡x `2 izfr va'k izkIr ugha gqbZ gS rFkk 2,000 va'kksa dh fLFkfr esa iw.kZ vafdr ewY; izkIr gks x;k gAS v'a kka s dks deh'ku ij vfHkxkis u }kjk fuxfZer fd;k x;k tks i.w krZ % pdq rk v'a kka s ij n;s gAS 2% blds vfrfjDr Åij ls mRiUu 'ks"k jkf'k ds vfrfjDr] fuEu dks dEiuh dh iqLrdksa ds [kkrs esa ekpZ] dks fn[kk;k x;k gSA 31 2008 fooj.k ` cV~Vk ¼foØsrk ds nsunkj dks fn;k x;k ` 1,000 'kkfey gS½ 6,000 izkjfEHkd O;; 10,000 funsZ'kd Qhl 12,000 osru 48,000 nsunkj ¼foØsrk nsunkj 'kkfey½ 1,60,000 ysunkj 48,000 Ø; 3,20,000 foØ; 4,60,000 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 174 31 ekpZ] 2009 dks jgfr;k `52,000 FkkA miLdj ,oa oLrq,¡ ij 10% Œkl vkSj ifjlj ij 5% Œkl miyCèk djk;k tk;sxkA vofèk esa foØsrk ls lEcfUèkr nsunkjksa ls `60,000 lax`ghr gq,A ekpZ] ij lekIr gksus okyh vofèk ds fy, lhfer dEiuh dk O;kikfjd ykHk ,oa 31 2009 gkfu [kkrk rFkk mlh frfFk ds fy, mldk vkfFkZd fpV~Bk rS;kj djsaA lekèkku (Solution) Trading and Profit & Loss Account for the year ended 31.03.2009 Dr. ` Cr. ` To Opening Stock 30,000 By Sales 4,60,000 To Purchases 3,20,000 By Closing Stock 52,000 To Gross profit c/d 1,62,000 5,12,000 5,12,000 Pre-inc. Post in Pre-inc. Post -inc. ` ` ` ` To Salaries 12,000 36,000 By Gross Profit c/d 40,500 1,21,500 To Director's fee – 12,000 By Commission – 3,000 To Discount 1,250 3,750 To Depreciation Building 1,000 3,000 Furniture 250 750 To Pre-Incorporation Profit Transferred to Capital Reserve A/c 26,000 To Net Profit – 69,000 40,500 1,24,500 40,500 1,24,500 fVIi.kh ykHk ,oa gkfu [kkrs esa lekesyu iwoZ ,oa lekesyu i'pkr~ vofèk ds (Note)— c¡Vokjs fuEufyf[kr vkèkkj dk iz;ksx dj fy;s x;s — en vkèkkj vuqikr ldy ykHk le; 1 : 3 osru le; 1 : 3 cV~Vk le; 1 : 3 funZs'kd 'kqYd lekesyu i'pkr~ vofèk dk 100% deh'ku lekesyu i'pkr~ vofèk dk 100% © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 175 Balance Sheet as on 31.03.2009 Liabilities ` ` Assets ` ` Share Capital : Fixed Assets : 30,000 equity shares Building 80,000 of` 10 each ` 8 Less : Depreciation 4,000 76,000 called up 2,40,000 Less : Calls-in-Arrear Furniture & Fittings 10,000 (of the above 10,000 Less : Depreciation 1,000 9,000 shares are allotted Investments Nil pursuant to a contract without payments being received in cash) 2,000 2,38,000 Share Suspense A/c (400 Current Assets, shares to be issued to the Loans & Advances : underwriter in considera- tion of under writing commission on comple- tion of share issue) 4,000 Reserve & Surplus : (A)Current Assets : Capital Reserve 26,000 Stock 52,000 Less : Goodwill W/o 16,000 10,000 Debtors 1,31,000 Profit & Loss A/c 69,000 Cash 91,000 2,74,000 Secured Loans Nil Unsecured loans Nil (B)Loans and Advances Nil Current Liabilities Miscellaneous and Provision : Expenditure : (A) Current Liabilities Preliminary Expenses10,000 Sundry Creditors 48,000 Underwriting Commission 4,000 14,000 Calls-in-Advance 4,000 52,000 (B) Provisions Nil 3,73,000 3,73,000 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 176 fØ;kRed fVIif.k;k¡ (Working Notes)— vfèkxzg.k ij [;kfr (1) — Ø; izfrQy ` `10 izfr] `8 pqdrk ds 10,000 80,000 lerk va'k 56,000 jksdM+ 1,36,000 ?kVk;sa yh x;h lEifÙk;k¡ — Hkou 80,000 miLdj rFkk oLrq,¡ 10,000 jgfr;k 30,000 1,20,000 [;kfr 16,000 lerk va'kksa ds lkoZtfud fuxZeu ls jksdM+ vUr% izokg (2) ` `10 izfr] `8 ;kfpr ds 20,000 lerk va'k 1,60,000 ?kVk;sa —1,000 va'kksa ij `2 izfr va'k dh nj ls vizkIr ;kpuk,¡ 2,000 1,58,000 tksM+sa —`2,000 va'kksa ij `2 dh nj ls vfxze ;kpuk,¡A 4,000 1,62,000 (3) ` 2,00,000 vafdr ewY; ij 2% vfHkxksid deh'ku 4,000 vfHkxksid deh'ku va'kksa d s vfHkxksid ls lEcfUèkr dk;Z dh iw.kZr% ij ns; gksrk gSA ekpZ] rd 31 2009 lkoZtfud fuxZeu ls lEcfUèkr dk;Z lekIr ugha gqvk gSA blfy;s vfHkxksidksa dks muds nkos gsrq deh'ku ds Hkqxrku esa fuxZfer va'kksa dh jde va'k mPpUr [kkrs dks cukdj dh tkuh pkfg;sA (4) Cash collection from company’s debtors : Total Debtors Account Vendors' Companys' Vendors' Companys' Debtors Debtors Debtors Debtors ` . ` . ` . ` . To Balance b/d 90,000 – By Discount 1,000 5,000 To Sales – 4,60,0001 By Cash 60,000 3,24,0002 By Balance c/d 29,000 1,31,0003 90,000 4,60,000 90,000 4,60,000 1 Assumed that all sales were on credit. 2 Balancing figure. 3 Total Debtors `1,60,000 minus Vendor’s Debtors `29,000. © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 177 (5) Cash Payment for Purchases Dr. Total Creditors Account Cr. ` . ` . To Cash (Balancing figure) 2,72,000 By Purchases 3,20,0001 To Balance c/d 48,000 3,20,000 3,20,000 (6) Summary Cash Book Dr. Cr. ` . ` . Share Capital A/c 1,62,000 By Total Creditors A/c Total Debtors A/c Payment to creditors 2,72,000 Collection from By Vendors' A/c: Company's debtors 3,24,000 Purchase consideration 56,000 Collection from vendors' By Preliminary Expenses 10,000 debtors 60,000 By Directors' Fees 12,000 By Salaries 48,000 By Vendor's A/c (Collection lees Commission ` 3,000) 57,000 By Balance c/d 91,000 5,46,000 5,46,000 mnkgj.k (Illustration)6 jksgu ,d futh lhfer dEiuh] jksgu izk- fyfeVsM uke ds vUrxZr vizSy] ls mlds 1 2008 ekStnw k O;olk; dks yus s grs q xBu djrk gS] yfsdu dEiuh dk lekeys u tqykbZ] rd ugha gks 1 2008 ik;kA O;olk; dks gLrkra j.k djus ds lEcUèk eas iqLrdkas eas dkbs Z izfof"V ikfjr ugha dh xbZ rFkk fcuk fdlh #dkoV ds ekpZ] rd pyk;k x;kA 31 2009 ekpZ] ij iqLrdksa ls fuEufyf[kr ryiV izkIr fd;k x;kA 31 2009 Dr. Cr. fooj.k ` ` vizSy] ij jgfr;k 1 2008 4,300 — fcØh — 27,800 Ø; 18,900 cká xkM+h HkkM+k 330 ;k=h deh'ku 750 dk;kZy; osru ,oa O;; 2,100 1 Assumed that all purchases were on credit. © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 178 fdjk;k ,oa nj 1,200 vizSy ij jksgu dk iw¡th [kkrk 1 2008 23,000 lapkyd 'kqYd 1,800 LFkk;h lEifÙk;k¡ 13,400 pkyw nkf;Ro 3,700 pkyw lEifÙk;k¡ ¼jgfr;k ds vfrfjDr½ 11,200 izkjfEHkd O;; 520 54,500 54,500 vkidks fuEufyf[kr lwpuk,¡ Hkh nh tkrh gSa : (a) 31 ekpZ] 2009 ij jgfr;k ` 4400 A (b) lger Ø; izfrQy ` 30,000 Fkk] tks ` 10 izfr ds 3,000 lerk va'kksa ds fuxZeu }kjk larq"V gqvkA ldy ykHk vuqikr fLFkj gS rFkk vizSy Qjojh ,oa ekpZ esa ekfld (c) 2008 2009 2009 fcØh o"kZ ds 'ks"k ekgksa dh ekfld fcØh ls nqxuh gSA izkjfEHkd O;;ksa dks vifyf[kr djuk gSA (d) vki eku ysa fd cká xkM+h HkkM+k rFkk ;k=h deh'ku fcØh ds izR;{k lekuqikr esa (e) ifjofrZr gksrk gSA ekpZ] ij lekIr gksus okys o"kZ ds fy, lekesyu iwoZ rFkk i'pkr~ vofèk ds c¡Vokjs 31 2009 gsrq O;kikfjd rFkk ykHk ,oa gkfu [kkrk vkSj mDr frfFk dk vkfFkZd fpV~Bk cukuk visf{kr gSA Œkl dks vusn[kk djsaA lekèkku (Solution) Rohan Pvt. Ltd. Trading and Profit & Loss Account for the year ending 31st March, 2009 ` ` ` ` To Opening Stock 4,300 By Sales 27,800 To Purchases 18,900 By Closing Stock 4,400 To Gross Profit c/d April – June 2,400 July – March 6,600 9,000 . 32,200 32,200 April July April July June March June March ` ` ` ` To Office Salaries & By Gross Profit b/d 2,400 6,600 Expenses (Time 525 1,575 basis) © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 179 To Rent & Taxes (Time basis) 300 900 To Carriage outwards 88 242 (Sales basis) To Travellers' 200 550 Commission (Sales basis) To Preliminary 520 Expenses To Directors' fees 1,800 To Capital Profit 1,287* transferred to capital Reserve To Balance c/d 1,013* 2,400 6,600 2,400 6,600 Rohan Pvt. Ltd. Balance Sheet as on 31st March, 2009 Liabilities ` Assets ` Share Capital Fixed Assets : Authorised Capital Goodwill 7,000 Shares of ` 10 each Fixed Assets 13,400 Issued & Subscribed Capital : 3,000 Equity Shares of ` 10 Investments — each fully paid 30,000 (All issued for consideration Current Assets, Loans other than cash) & Advances : Reserves & Surplus Stock in trade 4,400 Capital Reserve 1,287 Other Current Assets 11,200 Profit & Loss Account 1,013 Secured Loans — Unsecured Loans — Current Liabilities & Provisions Current Liabilities 3,700 36,000 36,000 * Subject to depreciation on fixed assets. © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 180 fØ;kRed fVIif.k;k¡ (Working Notes)— ldy ykHk ds c¡Vokjs gsrq vuqikr (1) — ekuk fd vizSy Qjojh rFkk ekpZ ekg gsrq fcØh gSA rFkk vU; 2008, 2009 2009 2 ekgksa dh izfrekg gS] rks 1 vizSy] ebZ] twu gsrq fcØh = 4 tqykbZ ls ekpZ rd dh fcØh 2008 2009 = 11 ;g dk vuqikr nsrk gSA bl vuqikr dk iz;ksx ldy ykHk rFkk fcØh ls 4 : 11 lEcfUèkr O;;ksa dks foHkkftr djus gsrq fd;k tk;sxkA fdjk;k ,oa nj le; vkèkkj ij ck¡Vk tk;sxk tks fd ;k gSA (2) 3 : 9 1 : 3 (3) 1 vizSy] 2008 ij jksgu ds iw¡th [kkrs ds 'ks"k ` 23,000 rFkk Ø; izfrQy dh jkf'k ` 30,000 ds eè; dk vUrj [;kfr gSA nus nkj rFkk yus nkj mPpUr [kkrs iow Z ea s n'kk;Z s vulq kj] ,d dEiuh pkyw O;olk; dks (4) yus s ds lkFk gh ,d ,tUs V ds :i ea s mldh nus nkfj;ka s ds lxa gz rFkk foØrs k ds lna HkZ ij yus nkjka s ds Hkxq rku grs q Hkh lger gks ldrh gAS bl n'kk ea s foØrs k ds nus nkj ,oa yus nkj dEiuh ds [kkrka s ea s lkekU; [kkrk cgh ea s iRz ;{k ls uke ;k tek }kjk O;olk;h ds nus nkjka s rFkk yus nkjka s ls muea s vUrj j[krs g,q mPpUr [kkrs ds lEcUèk ea s ifzr ifzof"V;k¡ djrs g,q 'kkfey dj fy;s tkrs gAaS lkFk gh nus nkjka s rFkk yus nkjka s ds 'k"skkas dks iF` kd~ [kkrka s ea s j[kk tk;xs kA bl Ø; ea s foØrs k ds nus nkjka s ls lxa gz rFkk yus nkjkas dks Hkxq rku dEiuh ea s vius i{kdkjka s ds lkFk fefJr ugha gkus s pkfg,A ,d ,fsPNd ifzØ;k }kjk jkds M+ iLq rd ea s muds iRz ;{k LrEHkka s dks j[krs g,q muea s vUrj fd;k tk ldrk gAS bl n'kk ea s nus nkjka s grs q ikfjr dh tkus okyh mDr iLq rd dh ifzof"V;kas dks uhps n'kk;Z k gS μ — MsfcV fofoèk nsunkj [kkrk izkjfEHkd 'ks"k ds fy;s ØsfMV nsunkj mPpUr [kkrk MsfcV jksdM+ ¼udn½ nsunkjksa ls izkIr jkf'k ds fy;s MsfcV nsunkj mPpUr [kkrk nsunkjksa vkfn gsrq NwV ØsfMV fofoèk nsunkj [kkrk NwV rFkk jksdM+ vkfn gsrq MsfcV nsunkj mPpUr [kkrk nsunkjksa ls izkIr jkf'k ds fy;s ØsfMV foØsrk [kkrk vkSj foØsrk dks ns; foØsrk dh ns; nsunkfj;ksa ds lEcUèk esa Øsrk dEiuh }kjk izkIr jksdM+ gsrq foØsrk dks ,d ysunkj ds :i esa mipkfjr fd;k tk;sxk] blh rjg ;fn og muds nsunkjksa ls jksdM+ Lo;a laxzg djrs gaS rks izkfIr dks Øsrk dEiuh Hkstk tk;sxkA ysunkjkas ds lEcUèk esa izfof"V;ksa gsrq] mi;qZä ys[kkadu ds foijhr mipkfjr gksxkA Øsrk dEiuh }kjk foØsrk dEiuh dks mlds nsunkjksa dks pqdrk jksdM+ ds lEcUèk esa ,d nsunkj ds :i esa fopkj fd;k tk;sxkA lax`ghr jksdM+ esa ls pqdrk jksdM+ ?kVkdj 'ks"k jde foØsrk ij }kjk ns; jde dks izfrfufèkRo djrh gS tks fd nsunkjksa rFkk ysunkjksa ds 'ks"kksa esa ls dksbZ laxzg.k O;;ksa dks lek;ksftr djus ds ckn vftZr dh tkrh gSA mPpUr [kkrs esa 'ks"k ges'kk fy;s x;s ysunkjksa o nsunkjksa ij fdlh Hkh le; vlek;ksftr 'ks"kksa ds vfrfjä ds cjkcj gksrk gSA © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 181 mnkgj.k (Illustration) 7 eSllZ us tuojh] dks mlh uke ls vius O;olk; dks ,d fyfeVsM X, Y & Z 1 1999 dEiuh esa gLrkarfjr dj fy;k gS ftldk fpV~Bk uhps fn;k gqvk gSA og lger gq, fd dEiuh lHkh lEifÙk;ksa dks vfèkx`ghr djsxh jksdM+ dks NksM+dj vkSj iqLrdh; _.kksa dks muds iqLrdh; ewY; ij ysxhA O;olk; dh [;kfr ds fy, `20,000 ns; gksaxs vkSj iqLrdh; _.kksa dks 5% deh'ku ij olwyk tk;sxkA tks Hkh nsunkj olwy fd;s tk;saxs muesa ls lcls igys fofoèk ysunkjksa ds nkf;Roksa dks pqdk;k tk;sxk] tSls Hkh jkf'k miyCèk gksxh vkSj ;fn dksbZ 'ks"k cprk gS rks mls N% ekg ckn foØsrk dks pqdk;k tk;sxkA lk>snkj vfèkfod"kZ dks pqdkus ds fy;s rS;kj gSaA vki Ø; izfrQy dh x.kuk o foØsrk olwyh [kkrk cukdj rS;kj djsaA eku ysa fd dqy nsunkjksa esa ls dsoy `65,000 olwy gq, gSa( vkSj 'ks"k nsunkjksa dks foØsrk }kjk vfUre 6 ekg esa vfèkx`ghr fd;k x;kA nsunkjksa ls olwyh bl izdkj gSA tuojh `30,000, Qjojh `15,000, ekpZ `10,000, vizSy `5,000, ebZ `5,000, twu&'kwU; Balance Sheet of M/s X, Y, Z as on 31st December, 1998 Liabilities ` ` Assets ` Capital Accounts of Land & Building 25,000 Partners : X 75,000 Machinery 1,50,000 Y 60,000 Stock 60,000 Z 40,000 1,75,000 Book Debts 75,000 General Reserve 80,000 Cash 5,000 Sundry Creditors 56,000 Bank Overdraft 4,000 3,15,000 3,15,000 lekèkku (Solution) Purchase consideration payable : ` ` Total of Assets 3,15,000 Add : Amount of Goodwill . 20,000 Less: Assets not taken over : 3,35,000 Cash Balance 5,000 Book debts . 75,000 80,000 2,55,000 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 182 Vendors Debtors' Account Dr. Cr. 1999 ` 1999 ` Jan.1 To Balance of 75,000 Jan. 31 By Cash (Amount 30,000 Debtors take collected) over for collection Feb. 28 By Cash (Amount 15,000 collected) Mar. 31 By Cash (Amount 10,000 collected) Apr. 30 By Cash (Amount 5,000 collected) May. 31 By Cash (Amount 5,000 collected) June. 30 By Balance trans- ferred to Debtors' Suspense Account 10,000 75,000 75,000 Debtors’ Suspense Account Dr. Cr. 1999 ` 1999 ` Jan.31 To Amount transferred 28,500 Jan. 1 By Balance of 75,000 to Vendors' Collec- vendors' debtors tion A/c taken over for collection To Commission A/c 1,500 Feb.28 To Amount transferred 14,250 to vendors' collec- tion A/c To Commission A/c 750 Mar.31 To Amount transferred 9,500 to vendors' collec- tion A/c To Commission A/c 500 © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 183 Apr.30 To Amount transferred 4,750 to vendors' collec- tion A/c To Commission A/c 250 May.31To Amount transferred 4,750 to vendors' collec- tion A/c To Commission A/c 250 June.30To Amount transferred 10,000 to vendors' collec- tion A/c 75,000 75,000 Creditors' Suspense Account Dr. Cr. 1999 ` 1999 ` Jan.1 To Amount recoverable 56,000 Jan. 31 By Vendors' 28,500 from vendors in Collection A/c respect of liabilities taken over Feb. 28 By Vendors' 14,250 Collection A/c Mar. 31 By Vendors' 9,500 Collection A/c Apr. 30 By Vendors' Collection A/c 3,750 56,000 56,000 Vendors' Creditors' Account 1999 ` 1999 ` Jan.31 To Cash 28,500 Jan. 1 By Amount payable on behalf 56,000 Feb.28 To Cash 14,250 of vendors Mar.31 To Cash 9,500 Apr.30 To Cash 3,750 56,000 56,000 © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 184 Vendors' Collection Account 1999 ` 1999 ` Jan.31 To Amounttransferred 28,500 Jan.31 By Amount transferred 28,500 to creditors' from Debtors' Suspense A/c Supense A/c Feb.28 To Amount transferred 14,250 Feb.28 By Amount transferred 14,500 to creditors' from Debtors' Suspense A/c Supense A/c Mar.31 To Amount transferred 9,500 Mar.31 By Amount transferred 9,500 to creditors' from Debtors' Suspense A/c Supense A/c Apr.30 To Amount transferred 3,750 Apr.30 By Amount transferred 4,750 to creditors' from Debtors' Suspense A/c Supense A/c June30 To Cash (Amount 5,750 May31 By Amount transferred 4,750 paid to vendors) from Debtors' Supense A/c 61,750 61,750 © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 185 lkjka'k (SUMMARY) dEiuh ds vfLrRo esa vkus ls iwoZ] O;kikj ds ykHk ;k gkfu dks lekesyu ls iwoZ ykHk ;k (cid:137) gkfu dgk tkrk gSA lkekU;r% lekesyu ls iwoZ ds ykHk ;k gkfu dks Kkr djus ds fy, fuEu nks fofèk;k¡ gSa (cid:137) — iqjkuh iqLrdksa dks cUn dj fn;k tk;s rFkk lekesyu dh frfFk ij fo|eku (i) lEifÙk o nkf;Roksa ds lkFk ubZ iqLrdsa [kksyh tk,¡A bl izdkj ml frfFk rd ds ifj.kke Lor% lek;ksftr gks tkrs gSaA o"kZ ds ykHk dks lekesyu ls iwoZ rFkk i'pkr~ dh vofèk ds fy, nks Hkkxksa esa ck¡Vdj (ii) gLrkarfjr dj fn;k tk,A ,slk ;k rks le; vkèkkj ij ;k foØ; vkèkkj ij ;k ,slh fofèk tks nksuksa dk feJ.k gks ds vkèkkj ij fd;k tkrk gSA ,d dEiuh tks ,d pkyw O;olk; dks vfèkx`ghr dj jgh gS og ml foØsrk ds nsunkjksa (cid:137) dks olwy djus ds fy, ,tsUV ds :i esa lger gks ldrh gSA bl n'kk esa tks foØsrk ds ysunkj o nsunkj gS] mUgsa Hkh dEiuh ds [kkrksa esa vyx ls lkekU; [kkrksa esa MsfcV ;k ØsfMV djrs gq, 'kkfey fd;k tk,xk vkSj mUgsa O;olk; ds ysunkjksa o nsunkjksa ls i`Fkd~ j[kk tk,xkA vkSj mlls lEcfUèkr mPpUr [kkrksa esa izfr izfof"V dh tk;sxh rFkk lkFk gh nsunkjksa o ysunkjksa dh lwpukvksa dks i`Fkd~ [kkrksa esa j[kk tk;sxkA foØsrk dks Øsrk dEiuh ls izkIr gksus okys jksdM+ ds lEcUèk esa ysunkj dh rjg mipkfjr (cid:137) gksxk vkSj foØsrk ij ns; _.kksa ds lEcUèk esa ;g le>k tk,xk fd og Lo;a mlds nsunkjksa ls jksdM+ olwy djrs gq, mls Øsrk dEiuh dks Hkstrk gSA Øsrk dEiuh }kjk vius ysunkjksa dks ns; jksdM+ ds lEcUèk esa foØsrk dks nsunkj ekuk (cid:137) tk;sxkA jksdM+ olwyh dk 'ks"k] ?kVk;s Hkqxrku dk ;g izfrfufèkRo djrk gS ns; jkf'k ;k foØsrk }kjk ysunkjksa o nsunkjksa }kjk mRiUu gq, 'ks"kksa tks fd fy;s x;s gSa] olwyh fo"k; ds :i esaA mPpUr [kkrs dk 'ks"k ges'kk fy;s x;s ysunkjksa o nsunkjksa ij fdlh Hkh le; vlek;ksftr (cid:137) 'ks"kksa ds vfrfjDr ds cjkcj gksrk gSA © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsUV~l vkWQ bf.M;k 186 Lo-ijh{kk iz'u (SELF-EXAMINATION QUESTIONS) oLrqfu"B iz'u I. (Objective Type Questions) uhps fn, x;s fodYiksa ls vf/kd mi;qä mÙkj pqfu;s μ — lekesyu ls iwoZ dks ykHk gLrkarfjr gksxk 1. : ¼v½ lkekU; lap; ¼c½ iw¡thxr lap; ¼l½ ykHk ,oa gkfu [kkrk ¼n½ buesa ls dksbZ ugha dEiuh }kjk Ø; fofèk ls lekesyu dh frfFk rd vftZr ykHk 2. : ¼v½ lekesyu ls iwoZ ykHk ¼c½ lekesyu ds i'pkr~ ykHk ¼l½ ekuk gqvk ykHk ¼ekU; ykHk½ ¼n½ vuqekfur ykHk mÙkj ¼c½ ¼l½A [ (Answer)—1. , 2. ] y?kq mÙkjh; iz'u II. (Short Answer Type Questions) lekesyu ls iwoZ ds ykHk ;k gkfu ij laf{kIr fVIi.kh fyf[k,\ 3. nh?kZ mÙkjh; iz'u III. (Long Answer Type Questions) lekesyu ls iwoZ ds ykHk ;k gkfu dh x.kuk djus dh fofHkUu fofèk;ksa dk la{ksi esa 4. o.kZu dhft,A fØ;kRed iz'u IV. (Practical Problems) ¶ySV izk- fy- dk tqykbZ] dks fe- jkmaM ds O;olk; dk vfèkxzg.k djus ds 5. 1 2005 i'pkr~ lekesyu gqvkA ekpZ] dks fuEu ykHk ,oa gkfu [kkrk fn;k gqvk gS % 31 2006 ` ` To Commission 2,625 By Gross Profit 98,000 To Advertisement 5,250 By Bad Debt Realised 500 To Managing director's 9,000 Remuneration To Depreciation 2,800 To Salaries 18,000 To Insurance 600 To Preliminary Expenses 700 To Rent & Taxes 3,000 To Discount 350 To Bad Debts 1,250 To Net Profit 54,925 98,500 98,500 © The Institute of Chartered Accountants of India lekesyu ls iwoZ ds ykHk ;k gkfu 187 fuEu lwpuk,¡ miyCèk gSa — vkSlr ekfld vkorZ fiNys ekg dh vis{kk tqykbZ ls nksxquk gks x;kA (i) 2005 (ii) izFke 3 ekg dk fdjk;k izfrekg `200 Fkk rFkk blds ckn `50 izfrekg ls o`f) gks xbZA foKkiu O;; izR;{kr% foØ; ds vuqikr esa vkidks lekesyu ls iwoZ ds ykHk (iii) ;k gkfu vkSj mlds dEiuh dh iqLrdksa esa D;k mipkj gksxk crkuk gSA dk tuw ] dks dk tuojh] dks djus ds i'pkr~ lekeys u 6. B Ltd. 30 2005 T Ltd. 1 2005 gqvkA fnlEcj] dks O;olk; ds foÙkh; ys[ks fn;s x;s gSa tks bl izdkj gSa 31 2005 — foØ;μ ` ` tuojh ls twu 1,20,000 tqykbZ ls fnlEcj 1,80,000 3,00,000 ?kVk;s Ø; — tuojh ls twu 75,000 tqykbZ ls fnlEcj 1,20,000 ldy ykHk 1,95,000 ?kVk;s osru — 15,000 foØ; O;; 3,000 Œkl 1,500 funsZ'kd ikfjJfed 750 _.ki= C;kt 90 iz'kklu O;; 4,500 ¼fdjk;k] dj vkfn½ 24,840 80,160 vki fnlEcj] dks lekesyu ls iwoZ o i'pkr~ ds ykHk ds c¡Vckjs dk fooj.k 31 2005 rS;kj dhft, vkSj ykHk ,oa gkfu fofu;kstu [kkrk rS;kj dhft,A © The Institute of Chartered Accountants of India © The Institute of Chartered Accountants of India 4 cksul fuxZeu gsrq ys[kkadu [ACCOUNTING FOR BONUS ISSUE] v/;;u ds mís'; (Learning Objectives) bl vè;k; ds v/;;u ds mijkar] vki l{ke gks tk;saxs — cksul va'kksa ds fuxZeu lEcUèkh izkoèkkuksa dks le>us esaA (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) cksul va'kksa gsrq ys[kkadu esaA (cid:137)(cid:137)(cid:137)(cid:137)(cid:137) ifjp; 1. (INTRODUCTION) dEiuh vfèkfu;e esa ykHkksa ds iwathdj.k rFkk ^QyLo:i cksul va'kksa ds fuxZeu* ds lEcUèk esa dksbZ fof'k"V izkoèkku 'kkfey ugha gSA rFkkfi] dEiuh vfèkfu;e ;g vuqefr nsrk gS] fd va'k izC;kth dh jkf'k dEiuh }kjk dEiuh ds vfuxZfer va'kksa dks mlds lnL;ksa dks iw.kZ nÙk (Premium) cksul va'kksa ds fuxZeu }kjk pqdkus esa iz;qDr dh tk ldrh gSA lkFk gh] dEiuh iwath 'kksèku dks"k dh jkf'k dk iz;ksx Hkh dEiuh ds vfuxZfer va'kksa dks mlds lnL;ksa dks iw.kZnÙk cksul va'kksa ds fuxZeu }kjk pqdkus gsrq dj ldrh gSA lsch ¼vfHkO;fDr ,oa fuos'kd laj{k.k½ ekxZn'kZu fl)kUr] tks tuojh] ls 2000 27 2000 izHkkoh gS] ;g vis{kk djrk gS fd] dEiuh cksul va'kksa dks fuxZfer djrs le; fuEukafdr dks lqfuf'pr djsxh : dksbZ Hkh dEiuh iw.kZr% ifjorZuh; _.ki=ksa va'kr% ifjorZuh; _.ki=ksa (a) (FCDs)/ ds ifjorZu ds fopkjkèkhu jgrs gq,] cksul ds ekè;e ls dksbZ fuxZeu ugha (PCDs) djxs h] tc rd fd i.w kZr% v'a kr% ifjorZuh; _.ki=kas ds ,ls s èkkjdkas (FCDs)/ (PCDs) dks iw.kZr% va'kr% ifjorZuh; _.ki=ksa ds ,sls fgLls ds vuqikr esa (FCDs)/ (PCDs) va'kksa dks vkjf{kr djrs gq,] leku ykHkksa dks c<+k ugha fn;k tkrk gSA bl izdkj vkjf{kr v'a kksa dks _.ki=ksa ds ifjorZu ds le; ¼vk½sa ij mUgha le:i 'krks± (b) ij ¼ftu ij cksul va'kksa dks tkjh fd;k x;k Fkk½ tkjh fd;k tk ldrk gSA © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsV~l vkWQ bf.M;k 190 ifjHkk"kk 1.1 (Definition) cksul va'k cksul va'k] LVkWd dk og eqDr va'k gS] tks dEiuh ds ekStwnk (Bonus Share)— v'a kèkkjdka s dks inz ku fd;k tkrk g]S tks fd mu v'a kka s dh l[a ;k ij vkèkkfjr g]aS ftuds v'a kèkkjd igys ls gh Lokeh gSaA ckus l v'a kka s ds fuxeZ u ls fuxfZer ,oa LokfeRo v'a kka s dh dyq l[a ;k ea s of`) gks tkrh g]S tcfd ;g dEiuh dh 'kq) lEifÙk esa dksbZ o`f) ugha djrkA gkykafd fuxZfer va'kksa dh dqy la[;k esa o`f) gks tkrh gS] izR;sd va'kèkkjd }kjk èkkfjr va'kksa dh la[;k dk vuqikr fLFkj jgrk gSA cksul va'kksa ds fuxZeu dks cksul fuxZeu ds :i eas lanfHkZr fd;k tkrk gSA dEiuh ds laoSèkkfud nLrkostksa ds vkèkkj ij dsoy dqN oxks± ds va'kksa dks gh cksul fuxZeu ds fy, mi;qDr ekuk x;k gS ;k vU; oxks± ls cksul fuxZeu ds fy, izkFkfedrk nh xbZ gSA cksul fuxZeu (Bonus Issue)— cksul fuxZeu ¼;k izfrHkwfri= fuxZeu½ ,d LVkWd foHkktu gS] ftlesa dEiuh viuh fuxZfer iwath dks fofu;ksftr iwath ¼ykHk ds i'pkr~ dEiuh ds ikl miyCèk c<+h gqbZ iwath½ ds leku j[kus ds fy, u, va'k fcuk fdlh izHkkj ds fuxZfer djrh gSA lkekU;r% ;g dEiuh }kjk ykHk mikftZr djus ij gksrk gS] tks fofu;ksftr iwath esa o`f) djrk gSA vr,o cksul fuxZeu dks ykHkka'k ds fodYi ds :i esa ns[kk tk ldrk gSA cksul fuxZeu ls dksbZ u, dks"kksa dk miktZu ugha gksrkA cksul va'kksa dk fuxZeu 1.2 (Issue of Bonus Shares) cksul va'kksa dk fuxZeu dEiuh ds Lora= lap;ksa ls fd;k tkrk gSA dEiuh dh lEifÙk;ksa esa udn lap;ksa dk Hkh lekos'k gksrk gSA ,d dEiuh] fiNys dqN o"kks± ds vius ykHkksa ds jksds gq, fgLls ¼og fgLlk] ftlls ykHkka'k Hkqxrku ugha fd;k gSA½ }kjk lap;ksa dk fuekZ.k djrh gSA ,d le; ckn] bu Lora= lap;ksa esa o`f) gksrh gS ,oa cksul va'kksa ds fuxZeu dh bPNqd dEiuh] lap;ksa ds fgLls dks iwath esa ifjofrZr dj nsrh gSA cksul fuxZeu gsrq 'krs± cksul va'kksa dk fuxZeu] 1.2.1 (Conditions for Bonus Issue)— dEiuh ds lap;ksa dks iw¡th esa ifjofrZr djds fd;k tkrk gSA ;g dEiuh ds lap;ksa ds iwathdj.k ds cxSj laHko ugha gSA ;gk¡ dqN 'krs± gSa ftudk cksul va'kksa ds fuxZeu ds iwoZ larq"V gksuk vko';d gS — cksul fuxZeu rc rd ugha fd;k tk ldrk tc rd va'kr% nÙk va'kksa ¼;fn dksbZ (a) gkas½ dks iw.kZ nÙk ugha cuk fn;k tkrkA dEiuh us ^LFkk;h fu{ksiksa ds lEcUèk esa C;kt dk ewyèku* vkSj ^ekStwnk _.ki=ksa ij (b) C;kt* ;k ^'kksèku ¼foekspu½ ij ewyèku* ds Hkqxrku esa dksbZ pwd uk dh gks] rFkk dEiuh ds ikl bl fo'okl dk i;kZIr dkj.k gS fd mlls deZpkfj;ksa ds oSèkkfud (c) ns;ksa ds lEcUèk esa dksbZ pwd ugha gqbZ gS tSls dh] Hkfo"; fufèk esa va'knku] xzsP;qVh] cksul vkfnA © The Institute of Chartered Accountants of India cksul fuxZeu gsrq ys[kkadu 191 ,d dEiuh] tks funs'kd eaMy ds vuqeksnu ds i'pkr~ viuk cksul fuxZeu ?kksf"kr (d) djrh g]S rks bl rjg ds vueq kns u dh frfFk ls N% ekg dh vofèk ds Hkhrj iLz rko ykxw dj nsuk pkfg, rFkk fu.kZ; cnyus dk fodYi ugha gksxkA dEiuh ds ik"kZn varfuZ;e esa lap;ksa bR;kfn ds iwathdj.k gsrq izkoèkku (i) 'kkfey gksuk pkfg,A ;fn ;gk¡ varfuZ;eksa esa ,slk izkoèkku ugha gS rks dEiuh dks viuh lkekU; (ii) lHkk esa iwathdj.k gsrq ik"kZn varfuZ;eksa esa izkoèkku djus dk ,d izLrko ikfjr djuk pkfg,A vfèkd`r iw¡th esa o`f) gsrq izLrko 1.2.2 (Resolution for Increased Authorised cksul va'kksa ds fuxZeu ds ifj.kkeLo:i] ;fn vfHk;kfpr vkSj pqdrk iw¡th] vfèkd`r va'k Capital)— i¡tw h ls vfèkd gks tkrh gS rks dEiuh }kjk viuh lkekU; lHkk ea s vfèkdr` i¡tw h ea s of`) grs q ,d iLz rko ikfjr fd;k tk,xkA lkoZtfud {ks= ds miØeksa }kjk cksul va'kksa dk fuxZeu 1.2.3 (Issue of Bonus ;g ljdkj ds tkudkjh ea s vk;k gS fd dNq ,d dUs nhz; Shares by Public Sector Undertakings)— ljdkjh lkotZ fud {k=s ds miØeka s ea s ,d vi{s kkdr` NkVs h pdq rk i¡wth vkèkkj ds lEe[q k muds fpBB~ s esa i;kZIr lap;ksa dks j[krs gSaA bu miØeksa ds vius lap;ksa ds ,d fgLls dks iwathdj.k }kjk ekStwnk v'a kèkkjdkas dks ckus l v'a kkas ds fuxZeu dh t:jr dk iz'u ljdkj ds ikl fopkjkèkhu gSA ckus l v'a kkas dk fuxZeu] ,df=r lap;ksa ,oa pqdrk iw¡th ds eè; ,d mfpr larqyu ykus] lkoZtfud miØeksa ds lerk fuxZeu gsrq csgrj ifCyd izfrfØ;k izkIr djus rFkk dEiuh dh cktkj Nfo esa lqèkkj djus esa enn djus esa lgk;d gksrk gSA blfy,] ljdkj us fu.kZ; fd;k gS fd] lkoZtfud miØeksa] ftuesa mudh pqdrk iwath dh rqyuk esa i;kZIr lap;ksa dks j[kk tk jgk gS] lap;ksa ds iwathdj.k ls cksul va'kksa dk fuxZeu fd;k tk,xk] ftlds fy, dqN fu;ek@sa 'krks± rFkk ekunMa dh lUrqf"V ,oa ikyu fd;k tk ldrk gSA ;gk¡ cksul fuxZeu gsrq dqN lsch ekxZn'kZu ¼fn'kk funsZ'k½ gSa] tks lsch ¼vfHkO;fDr ,oa fuos'kd laj{k.k½ - ekxnZ 'kuZ ds vè;k; ea s lekfgr g]aS ftudk ckus l v'a kka s ds fuxeZ u }kjk lpa ;ka s ds itaw hdj.k 2000 XV esa lgh vuqikr fuèkkZj.k esa ikyu fd;k tkuk pkfg,A iath izfof"V;k¡ 2. (JOURNAL ENTRIES) cksul va'kksa ds fdlh fuxZeu ds vuqeksnu ij (1) (Upon the sanction of an issue of bonus shares)— fodyu ykHk ,oa gkfu [kkrk ¼;k lap;½ (a) (Debit)— lekdyu va'kèkkjdksa dks cksul [kkrkA (b) (Credit)— va'kksa ds fuxZeu ij (2) (Upon issue of share)— fodyu va'kèkkjdksa dks cksul [kkrk (a) (Debit)— lekdyu va'k iw¡th [kkrkA (b) (Credit)— © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsV~l vkWQ bf.M;k 192 fVIi.kh ;fn va'kr% nÙk va'kksa dks cksul ds ekè;e ls iw.kZ nÙk fd;k tkrk gS] (Note)— rks izfof"V la[;k ¼ ½ dks nks izfof"V;ksa esa foHkkftr fd;k tk,xkA 2 fodyu ;kpuk [kkrk ,oa lekdyu va'k iwath [kkrk] rFkk (a) (Debit)— (Credit)— fodyu va'kèkkjdksa dks cksul [kkrk ,oa lekdyu ;kpuk (b) (Debit)— (Credit)— [kkrkA mnkgj.k (Illustration) ekpZ] ij lksfyM fyfeVsM ds fpV~Bs dk lkj fuEukafdr gS 31 2008 — ` 10,000 12% ` 10 izfr ds iwokZfèkdkj ¼vfèkeku½ va'k 1,00,000 1,00,000` 10 izfr ds lerk va'k 10,00,000 11,00,000 fuxZfer ,oa vfHk;kfpr iw¡th (Issued and Subscribed capital)— 8,000 12% ` 10 izfr ds iwokZfèkdkj ¼vfèkeku½ va'k 80,000 90,000` 10 izfr ds lerk va'k] ` 8 nÙk 7,20,000 lap; ,oa vkfèkD; (Reserves and Surplus)— lkekU; lap; 1,20,000 iw¡th lap; 75,000 izfrHkwfr izC;kth (Securities Premium) 25,000 ykHk ,oa gkfu [kkrk 2,00,000 jf{kr _.k (Secured Loan)— 12% va'kr% ifjorZu'khy _.ki= nj ` 100 izfr 5,00,000 1 vizSy] 2008 ij dEiuh us 90,000 lerk va'kksa ij ` 2 izfr va'k dh vafre ;kpuk dhA ;kpuk jkf'k dEiuh us vizSy] dks izkIr dhA blds i'pkr~ dEiuh us fu.kZ; fy;k fd 20 2008 izR;sd pkj èkkfjr va'kksa gsrq ,d va'k dh nj ij cksul ds ekè;e }kjk vius lap;ksa dk iwathdj.k fd;k tk;sA ` 25,000 dh izfrHkwfr izC;kth esa] ,dhdj.k dh ;kstuk ds rgr foØsrkvksa dks fuxZfer va'kksa ds fy, ` 5,000 dk ,d izC;kth 'kkfey gSA la;a= ,oa e'khujh dh fcØh ij vftZr ` 40,000 dk ykHk iw¡th lap; esa 'kkfey gSA 12% _.ki=ksa ds 20% dk ifjorZu 1 tqykbZ] 2008 ij] ` 10 izfr okys iw.kZnÙk lerk va'kksa esa gksuk gSA dEiuh dh iqLrdksa esa vko';d izfof"V;k¡ n'kkZ,a rFkk cksul fuxZeu ds rqjUr i'pkr~ ysfdu _.ki=ksa ds ifjorZu ds iwoZ fpV~Bs dk lkj izLrqr dhft,A D;k ifjorZuh; _.ki=èkkjh cksul va'kksa ds vfèkdkjh gSa\ © The Institute of Chartered Accountants of India cksul fuxZeu gsrq ys[kkadu 193 lekèkku (Solution) Journal Entries in the books of Solid Ltd. Date Particulars LF Dr. Cr. 2008 ` ` April 1 Equity share Final Call A/c Dr. 1,80,000 To Equity Share Capital A/c 1,80,000 (Final call of ` 2 per share on 90,000 equity shares due as per Board's Resolution dated....) April 20 Bank A/c Dr. 1,80,000 To Equity Share Final Call A/c 1,80,000 (Being Final Call money on 90,000 equity shares received) April 20 Capital Reserve A/c Dr. 40,000 Securities Premium A/c Dr. 20,000 General Reserve A/c Dr. 1,20,000 Profit and Loss A/c Dr. 45,000 To Bonus to Shareholders A/c 2,25,000 (Being Bonus issue one share for every four shares held by utilizing various reserves as per Board's Resolution dated.....') April 20 Bonus to Shareholders A/c Dr. 2,25,000 To Equity Share Capital A/c 2,25,000 (Being Capitalisation of profit) Balance Sheet (Extract) as on 30th April, 2008 (after bonus issue) ` Authorised Capital : 10,000 12% preference shares of ` 10 each 1,00,000 1,25,000 equity shares of ` 10 each 12,50,000 Issued and Subscribed Capital : 8,000 12% preference shares of ` 10 each, fully paid 80,000 1,12,500 equity shares of ` 10 each, fully paid 11,25,000 (Out of above, 22,500 equity shares @ ` 10 each were issued by way of bonus) © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsV~l vkWQ bf.M;k 194 Reserves and Surplus : Capital Reserve 35,000 Securities Premium 5,000 Profit and Loss Account 1,55,000 Secured Loan : 12% Convertible Debentures @ ` 100 each 5,00,000 fVIi.kh (Notes)— uxn esa olwy iw¡th lap;] iw.kZ nÙk cksul va'kksa ds fuxZeu gsrq mi;ksx fd;k tk 1. ldrk gSA lsch ekxZfunsZ'kksa ds vuqlkj] flQZ uxn esa lax`ghr izfrHkwfr izC;kth dk gh mi;ksx 2. cksul fuxZeu gsrq fd;k tk ldrk gSA ;g ekuk x;k gS] fd dEiuh us viuh lkekU; lHkk esa vfèkd`r iw¡th dks c<+kus gsrq 3. vko';d izLrko ikfjr dj fy;k gSA iwokZuqeku esa] vfèkd`r iw¡th esa visf{kr o`f) fuEukuqlkj dh x;h gS — ` vfèkd`r :i esa lerk va'kksa dh ekStwnk la[;k 1,00,000* tksM+sa lerk va'kèkkfj;ksa dks fuxZfer cksul va'kksa dk fuxZeu — 22,500 tksM+sa _.kèkkfj;ksa dks ifjorZu ds ckn fuxZfer cksul va'kksa dh la[;k — 2,500 1,25,000 bl vkadM+s esa _.ki=ksa ds ifjorZu gsrq vko';d va'kksa dh la[;k 'kkfey gSA * lsch ekxZnf'kZdk ds iSjk ds vuqlkj] dksbZ Hkh dEiuh ifjorZu'khy _.ki=èkkfj;ksa 4. (ii) dks leku ykHk fn, fcuk vius va'kèkkjdksa dks cksul va'kksa dk fuxZeu ugha dj ldrh gAS ;fn ,ls k ifjoruZ fopkjkèkhu g]S v'a kka s dh vko';d l[a ;k ifjoruZ h; _.ki=èkkfj;kas ds fy, fuèkkZfjr ¼fuf'pr½ dj fn, tkus pkfg,A blfy,] ifjorZuh; _.ki=èkkfj;ksa dks Hkh lerk va'kèkkfj;ksa ds le:i mlh vuqikr esa cksul va'kksa dks izkIr djus dk vfèkdkj gSA © The Institute of Chartered Accountants of India cksul fuxZeu gsrq ys[kkadu 195 lkjka'k (SUMMARY) cksul fuxZeu dk vFkZ gS ekStwnk va'kèkkjdksa dks eqDr vfrfjDr va'kksa dk ,d izLrkoA (cid:137) ,d dEiuh ykHkka'k Hkqxrku esa o`f) ds ,d fodYi ds :i esa vfrfjDr va'kksa ds forj.k dk fu.kZ; ys ldrh gSA cksul fuxZeu dks ßizfrHkwfri= fuxZeuÞ ;k ßiwathdj.k fuxZeuÞ ds :i esa Hkh tkuk tkrk (cid:137) gSA cksul fuxZeu ds izeq[k izHkko fuEufyf[kr gSa (cid:137) — cksul fuxZeu vuqikr ds vuqlkj va'k iw¡th esa o`f) gksrh gSA (cid:140) LVkWd o`f) esa rjyrkA (cid:140) izHkkoh izfr va'k vk;] iqLrd ewY; ,oa vU; izfr va'k ewY;ksa esa fLFkj dehA (cid:140) cktkj }kjk lkekU;r% vuqdwy izn'kZu ds :i esa dk;ZokghA (cid:140) cksul va'kksa ds fuxZeu ij cktkj ewY; esa lek;kstu gksukA (cid:140) ,df=r ykHkksa esa deh vkukA (cid:140) cksul va'kksa dk fuxZeu fuEu esa ls fd;k tk ldrk gS (cid:137) — lkekU; lap; (cid:140) uxn esa lax`ghr iw¡th lap; (cid:140) uxn esa lax`ghr izfrHkwfr izC;kth (cid:140) Lo-ijh{k.k iz'u (SELF-EXAMINATION QUESTIONS) oLrqfu"B iz'u I. (Objective Type Questions) cksul va'kksa dk fuxZeu fuEu esa ls fd;k tk ldrk gS] flok; 1. : ¼v½ LorU= lap;ksaA ¼c½ uxn esa lax`ghr izfrHkwfr izC;kthA ¼l½ LFkk;h lEifÙk;ksa ds iqu%ewY;kadu }kjk fufeZr lap;ksaA cksul va'kksa ds fdlh fuxZeu ds vuqeksnu ij] [kkrk lekdyu 2. ________ (credit) fd;k tkrk gSA ¼v½ va'k iw¡th ¼c½ lap; ¼l½ va'kèkkjdksa dks cksul ,d dEiuh tks funs'kd e.My ds vuqeksnu ds i'pkr~ mlds cksul fuxZeu dh 3. ?kks"k.kk djrh gS rks mls ,sls vuqeksnu dh frfFk ls dh vofèk ds vanj ______ izLrko dks ykxw dj nsuk pkfg,A ¼v½ ,d o"kZ ¼c½ Ng ekg ¼l½ rhu ekg © The Institute of Chartered Accountants of India fn baLVhV~;wV vkWQ pkVZMZ ,dkmUVsV~l vkWQ bf.M;k 196 cksul va'kksa ds fuxZeu ,oa ?kks"k.kk ls lEcfUèkr] fuEufyf[kr dFkuksa esa ls dkSu lk 4. - lR; gSA ¼v½ dEiuh }kjk va'kèkkfj;ksa dks lEifÙk;k¡ gLrkUrfjr dh tkrh gSaA ¼c½ fdlh cksul fuxZeu ds ifj.kkeLo:i izfrèkkfjr vk;ksa esa (retained earning) dehA ¼l½ va'kèkkjdksa dh lerk esa dehA ¼n½ ,d cksul fuxZeu ykHkka'kksa dh ?kks"k.kk ds leku gSA mÙkj ¼l½ ¼l½ ¼c½ ¼c½A [ (Answer)—1. ; 2. ; 3. ; 4. ] y?kq mÙkjh; iz'u II. (Short Answer Type Questions) ßcksul va'kksaÞ dk D;k vFkZ gS\ la{ksi esa le>kb,A 5. cksul va'kksa ds fuxZeu gsrq vki dSls ys[kk djsaxs\ o.kZu dhft,A 6. nh?kZ mÙkjh; iz'u III. (Long Answer Type Questions) cksul va'kksa ds fuxZeu ls lEcfUèkr lsch izkoèkkuksa dk o.kZu dhft,A 7. fØ;kRed iz'u IV. (Practical Problems) vkj fyfeVsM ds ikl lap; [kkrs esa Hkkjh ek=k esa ,df=r ykHk gSa rFkk funs'kdksa us] 8. lap;ksa ds fgLls ds iwathdj.k }kjk va'kr% nÙk va'kksa dks iw.kZr% nÙk va'kksa esa ifjofrZr djus ,oa cksul va'kksa dk fuxZfer djus dk fu.kZ; fy;kA dEiuh dh pqdrk va'k iw¡th ` 10,00,000 gS] tks ` 10 izfr okys 90,000 iw.kZ nÙk oxZ ^v* lerk va'kksa ,oa ` 5 izfr va'k pqdrk (` 10 izfr vafdr ewY; ) okys 20,000 oxZ ^c* lerk va'kksa esa foHkDr gSA funs'kdksa dk fu.kZ; gS fd] izR;sd iw.kZ nÙk èkkfjr va'k gsrq ` 10 ds nks cksul va'kkas dk fuxZeu leewY; ij rFkk oxZ ^c* lerk va'kksa ds lEcUèk esa va'kr% nÙk va'kksa dks iw.kZr% nÙk dj fn;k tk;sA cksul va'k ds vkcaVu dh frfFk ij oxZ ^c* ds lerk va'k dk cktkj ewY; ` 33 ij fLFkj gSA lap;ksa dh iwathdj.k dh jkf'k dh x.kuk dhft,A ij ^v* fyfeVsM dk fpV~Bk fuEukafdr gS 9. 31.3.2008 : nkf;Roksa jkf'k lEifÙk;ksa jkf'k ` ` vfèkd`r va'k iw¡th fofoèk lEifÙk;k¡ — 17,00,000 1,50,000 lerk va'k ` 10 izfr 15,00,000 fuxZfer]vfHk;kfpr ,oa pqdrk iw¡th — 80,000 lerk va'k ` 7.50 ;kfpr ,oa pqdrk 6,00,000 iw¡th 'kksèku lap; 1,50,000 l;a= iqu%ewY;kadu lap; 20,000 © The Institute of Chartered Accountants of India cksul fuxZeu gsrq ys[kkadu 197 izfrHkwfr izC;kth 1,50,000 fodkl NwV lap; 2,30,000 fuos'k HkÙkk lap; 2,50,000 lkekU; lap; 3,00,000 17,00,000 17,00,000 dEiuh nks gsrq ,d vkèkkj ij vius va'kèkkfj;ksa dks cksul va'kksa dk fuxZeu — — djuk pkgrh gSA vko';d izLrko ikfjr fd;k x;k ,oa t:jh dkuwuh vko';drkvksa dk ikyu fd;k x;kA vki ls visf{kr gS fd] ^v* fyfeVsM dh iqLrdksa esa izLrko ds izHkko dks nsus gsrq iath izfof"V;k¡ dhft,A blds vfrfjDr cksul va'kksa ds fuxZeu ds i'pkr~ ds fpB~Bs dks n'kkZ,¡A © The Institute of Chartered Accountants of India
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