Page 294 - Corporate Finance PDF Final new link

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294 Corporate Finance BRILLIANT’S

2017
1st January C Ltd made a rights issue of one equity share for every two held at ` 5 per
share. Rights sold in the market at ` 2.25 per share.
1st March Received 12.5% dividend on equity shares in C Ltd.
Prepare the relevant investment account in the books of Investor Ltd. for the year ended 31st
March, 2017.
31 ‘mM©, 2017 H$mo g‘má hþE df© Ho$ Xm¡amZ MTV {b{‘Q>oS> Ho$ {ZåZ{b{IV Q´>m§Oo³e§g hþE…
2016
1 Aàob ` 80.85 H$‘-B§Q>aoñQ> na 8% ~m§S²>g ` 12,00,000 IarXm& ã¶mO H$m ^wJVmZ 1 Zd§~a
VWm 1 ‘B© H$mo H$aZm h¡&
12 Aàob X {b{‘Q>oS> ‘| ` 10 à˶oH$ Ho$ 1,00,000 Bp³dQ>r eo¶g© ` 40,00,000 ‘| IarXo&
1 ‘B© 8% ~m§S²>g na AY©dm{f©H$ ã¶mO àmßV {H$¶m&
15 ‘B© X {b{‘Q>oS> Zo aIo J¶o à˶oH$ Xmo eo¶a Ho$ {bE VrZ Bp³dQ>r eo¶g© H$m ~moZg Bí¶y {H$¶m& B§doñQ>a
{b{‘Q>oS> Zo 1,25,000 eo¶g© à˶oH$ 20 H$m ~oMm&

1 OwbmB© C {b{‘Q>oS> ‘| ` 10 à˶oH$ Ho$ 50,000 Bp³dQ>r eo¶g© ` 7.75 à˶oH$ na IarXm&
1 A³Qy>~a ` 81 E³g-B§Q>aoñQ> na 8% ~m§S²>g ` 3,00,000 ‘| ~oMm&
1 Zd§~a AY©dm{f©H$ ~m§S> ã¶mO àmßV {H$¶m&
1 {Xg§~a E³g {b{‘Q>oS> ‘| Bp³dQ>r eo¶g© na 18% {S>{dS>|S> àmßV {H$¶m&
2017
1 OZdar C {b{‘Q>oS> ` 5 à{V eo¶a na aIo J¶o à˶oH$ Xmo Ho$ {bE EH$ Bp³dQ>r eo¶a Ho$ amBQ²>g Bí¶y
H$aVm h¡& ‘mH}$Q> ‘| ~oMo J¶o amBQ²>g ` 2.25 à{V eo¶a h¡&
1 ‘mM© C {b{‘Q>oS> ‘| Bp³dQ>r eo¶g© na 12.5% {S>{dS>|S> àmßV {H$¶m&
31 ‘mM© 2017 H$mo g‘má hþE df© Ho$ {bE B§doñQ>a {b{‘Q>oS> H$s ~w³g ‘| àmg§{JH$ B§doñQ>‘|Q> AH$mC§Q> V¡¶ma H$s{OE&
Solution:
In the Books of MTV Ltd.
8% Bonds Account
Dr. [Interest Payable: 1st November & 1st May] Cr.
[` in '000]
Date Particulars Nominal Inte- Cost Date Particulars Nominal Inte- Cost
Value rest (`) Value rest (`)
1.4.16 To Bank A/c 1.5.16 By Bank A/c - 48 -
(WN1) 1,200 40 926 1.10.16 By Bank A/c
1.10.16 To State. of (WN2) 300 10 243
P/L (WN2) - - 11.5 1.11.16 By Bank A/c
31.3.17 To State- (WN3) - 36 -
ment of P/L - 84 - 31.3.17 By Bal. c/d 900 30 694.5
1,200 124 937.5 1,200 124 937.5