SHARE CAPITAL

JOURNSL ENTRIES FOR ISSUE OF SHARES AT PAR , DISCOUNT, PREMIUM : PARTICULARS

(1) When Applicationh Money is Received Bank A/c To Share Applicaion A/C Dr.

AMOUNT
xxx

(Amoiunt Received on Application on 100 Share X Rs. 10 Per. Share ) (2) When Application Money is Transferred to Share Capital Share Application A/C Dr. To share capital A/C (No. of Share Attotted X Application Money per Shares) (3) When for Refund of Application Money or Rejuted Share Application A/c Dr. To Bank A/c ( No. of Share Rejucted X Application Money per Share ) (4) when Adjustment of Excess Application Money or Prorata to share Share Application A/c Dr. To Share Allotment A/c [ Application Money Received - ( Application Money Transferred to Share capital + Money Refunded )] (5) when Allotment Money is due premium & discount to share Share Allotment A/C Dr. Discount on issue of share A/c Dr. To securities premium A/C To Share Capital A/C (No. of Share Alloted X Allotment Amount per share) (6) when Allotment Money is received Bank A/c Dr. To Share Allotment A/C ( No. of Application Money Received X Allotment Amount per Share )

xxx

xxx

xxx

xxx xxx

xxx

PARTICULARS
(7) When Any Call is made on the Share: Share Call A/c To Share Capital A/C ( No. of Share X Call Amount per Share ) (8) When Calls Money is Received : Bank A/c To Share Call A/C ( No. of Application Money Received X Call Amount Per Share ) (9) when Forfeiture of Share Reissued at premium & Discount : Share Capital A/C Securities Premium A/C To Share Forfeited A/C To Share Allotment A/C TO Discount on issue of Share A/c Dr. Dr. Dr. Dr.

Amount
xxx

xxx

xxx xxx

working notes:

particulars
(1) Over Subscription / pro-rata Allotment :
Number of Application receeived Less: Transferred to share capital Excess application money Less: Refunded Excess money to be adjusted towards allotment money

No.of Share
XXX XXX XXX XXX xXX

(2) Calculation of allotment money to be received :

issed share capital Less: Excess application money adjusted towards allotment money Money to be received

PREMIUM :
AMOUNT
Share Capital:

BALANCE SHEET OF .. AS ON ..
LIABILITIES
Authorised share capital xxx Issued share capital Subscribed share capital Called up share capital paid up : Called up share xxx less: Call in Arrears Add: Forfeited Share Reserves And Surplus: Securitiess premium Capital Reserves xxxx XXXX xxxx xxxx xxxx xxxx xxxx xxxx xxxx

Amount
Current Assets : xxxx xxxx xxxx xxxx

ASSETS
Cash at Bank Miscellaneous Expenditure: Discount on issue of share

xxx

xxx xxx

xxx

Amount

xxx

xxx

xxx xxx xxx

Amount
XXXX XXXX XXXX XXXX XXXX

XXXX XXXX XXXX

..
Amount
xxxx xxxx xxxx

XXXX

"FROM B " SCHEDULE - 3

BANK ACCOUNT
PROFIT / LOSS ACCOUNT FOR THE YEAR ENDED .
Schedule No.
1

particulars INCOME: interest earned Other income Total

2

Amount C.Y

Amount P.Y

13 14

EXPENDITURE: Intterest expended operating expenses provisions and contingencies Total

15 16

PROFIT / LOSS: Net profit/Loss (-) for the year Profit / LOSS (-) brought forward Total

APPROPRIATIONS: Transfer to Statutory reserves Transfer to other reserves Transfer to Government / proposed Dividend Balance Carried over to Balanced sheet Total

SCHEDULE 13 - INTEREST EARNED

Interest on Loans Discount on bills discount Add: Rebate on bills discount on 31.12.86 Less: Rebate on bills discount on 31.12.87 Interest on Cash Credits interest on over Draft Income on investment Interest on balance with RBI

SCHEDULE 14 - OTHER INCOME

Commission Charge to Customers Locker rent & Rent received Exchange and Commission & Brokerage Transfer fees Miscellaneous income Net profit on sale of investment Less: Loss on sale of Govt. securities Less: Loss on sales of furniture

SCHEDULE 15 - INTEREST EXPENDED

Interest on fixed deposits interest on current account interest on saving bank account Interest paid Interest on RBI Borrowings

SCHEDULE 16 - OPERATING EXPENSES

Establishment expenses Printing and Advertisements Rent and Rates & Rent paid Director's And Auditor fees Postage & Telegrams & telephone stamps Sundry Charges Depreciation on bank property Salaries and allowances Law charges preliminary expenses Rpaires to bank property Provident fund contribution Local committee fees and allowances printing and stationery legal charges Miscellaneous expenditure Director and local committee member's fees insurance Payment to and provisions for employees

SCHEDULE 1 - CAPITAL
Issued and subscribed share capital Authorised capital called up and paid up capital

SCHEDULE 2 - RESEVES AND SURPLUS

Reserve fund investment fluctuation fund Profit and loss (1.1.86) Less: Divided Add: Net profit for .. After deducting statutory reserve

SCHEDULE 3 - DEPOSITS
Fixed deposits Saving bank deposite Current account Demand Deposits from others

SCHEDULE 4 - BORROWING
Short loan

SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS

bills payable unclaimed dividednd Rebabe on blls discounted Telegraphic transfer payable Bank draft payable Branch adjustment ( Cr. ) difference in trial balance Traveller Cheques Provision for tax

SCHEDULE 6 - CASH AND BALANCE WITH RBI

Cah in hand Cash with RBI

SCHEDULE 7 - Balance with banks and money at call and short notice
Money at call and short notice Cash with other banks

SCHEDULE 8 - INVESTMENT
Investment Government bonds gold Bullion Investment in Government securities provident fund investment Reserve fund investment

SCHEDULE 9 - ADVANCES
Bills discounted and purchase Loans cash credits and overdraft Loans and Advances Overdrafts Bills purchased Secured loans Cash credits Owing by Foreign correspondents Less: Provision for doubtful debts

SCHEDULE 10 - FIXED ASSETS

Premises Furniture Sock of Stationery less: Depreciation Any Bank assets

SCHEDULE 11- OTHER ASSETS

Other Assets Branch adjustment (Dr.) silver interest accrued on investment Non-Baking assets

SCHEDULE 12 - CONTINGENT LIABILITIES

BILLS FOR COLLECTION Endorsement on bill for collection Liability for customers acceptances Letter of credit issed

" FORM A" BALANCE SHEET OF.. AS ON .. particulars

Capital and liabilites
Capital Reserves and surplus Deposits Borrowings Other Liabilities and provisions Total 1 2 3 4 5

Schedule No.

Amount C.Y

Amount P.Y

ASSETS
Cash and balance with RBI Balance with banks and money at call and short notices Investment Advances Fixed Assets Other Assets 7 8 9 10 11 6

Total
Contingent Liabilities 12

FINAL ACCOUNT OF LIFE INSURANCE COMPANY FORM A - RA REVENUE ACCOUNT FOR THE YEAR ENDED 31ST MARCH. particulars
Premium Earned - Net: (a) Premium Received (b) Reinsurance Ceded (C) Reinsurance Accepted Income from invesstment : (a) Interest and Dividend (Gross ) Other income ( To be Specified ) : (a) policy renewal fee (b) Assignment fee (c) Endowment fee (d) Transfer fee (e)consideration for annuities granted (f) Fines for revival of policies TOTAL (A) Commission Operating Expenses Benefit Paid (Net) TOTAL (B) Surplus ( C) = (A) - (B) Appropriaions : Transfer to Shareholders Account Transfer to other resrves Balance being for futung future Appropriations TOTAL (D) xxxx

Schedu No.
1

Amount
xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxx

2 3 4

xxx xxx xxx xxxx xxxx

FORM A - BS BALANCE SHEET AS 31ST MARCH Particulars

Source Of Funds : Share Capital Reserve and Surplus Borrowings
TOTAL (A)

Schedule No.

Amount

5 6 7

xxx xxx xxx XXXXX

Application Of Funds : Investment Loans Fixed Assets

TOTAL (B)

8 9 10

xxx xxx xxx xxxxx

Current Asset : Cash and bank balance Advance and other Assets
SUB TOTAL ( C)

11 12 xxxx 13 14

Current Liabilities Provisions

SUB TOTAL ( D)

xxxx xxxx XXXXX

Net Current Assets ( C - D )

TOTAL APPLICATION FUND AMOUNT

Schedules : 1
Premium Received Add: Less: Outstanding Premium Further Bonus in reduction of Premium first year premium Renewal premium Single Premium Add: Less: Reinsurance Accepted Reinsurance Ceded

Premium Earned - Net

Schedules : 2
Commission paid Direct - First year Premium Renewal Premium Single Premium Add: Less: Commission on Reinsurance Accepted Commission on Reinsurance Ceded

Commission Expenses

Schedules : 3 Operating Expenses Related to insurance business

Employee's remuneration & wwelfare benefit Travel, Conveyance and vehicle running exp. Training Expenses Rent rates & Taxes Repairs printing & stationery Communication Exp. Legal & Professional Charges Medical fee, Auditor fee, Directors fees management expenses , Actuarial Exp. Recepit stamps Depreciation Law charges Advertising General Charges Bank Charges Salaries Agents' Salaries and allowances

Schedules : 4 Benefit paid

( 1 ) Insurance claims : Claim by Death Claim by Maturity Annuities / pension payment Other benefit specify ( 2 ) Amount Ceded in Reinsurance : Claim by Death Claim by Maturity Annuities / pension payment Other benefit specify ( 3 ) Amount Accepted in reinsurance Claim by Death Claim by Maturity Annuities / pension payment Other benefit specify ( 4 ) Surrender Bonus in reduction of premium Bonus paid in cash Bonus paid with claims Add: Less: Outstanding claim on ended Outstanding claim on Benging

Schedules : 5 Share Capital

Authorised Capital Issued Capital Subscribed Capital Called up Capital Less: Calls unpaid

Schedules : 6 Reserves and surplus

Capital Reserve Capital Redemption Reserve Reserve fund life Assurance fund Add: Surplus transferred to fund for future appropriations

Schedule : 7 Borrowing
Debentures / Bonds Banks Financial institutions

Schedules : 8 Investment
State, central government Securities leasehold ground rents Debenturesss of public bodies Shares in limited companies Deposit with RBI ( Central Govt. Securities )

Schedules : 9 Loans
Loans on mortgages Loans on policies Mortgages : India, out of india lLoan on life Policies / Companies policies Loan on Govt. Securities Less: Surrenders adjusted

Schedules : 10 Fixed Assets

Good will Land - Freehold Leasehold property Building furniture & fittings Office Equipment Vehicles

Schedules : 11 Cash and Bank Balances

Cash ( Including cheques, drafts and stamps Deposit accounts Current Accounts Money at Call and short Notice with Bank, with other Instilution Cash & Bank Balance In India, Outside india

Schedules : 12 Advance And Other Assets

Advances : Reserve Deposite with ceding companies Appliciation money for investment prepayment Advances to Directors / officers Advance Tax paid and Taxess deducted Provision for Taxation Other Assets : Income Accured on investment Outstanding premiums Agents Balance Foreign Agencies Balance Deposit with RBI Stock of Stationery

Schedules : 13 Current Liabilities

Agents Balance Deposit held on reinsurance ceded Premiums received in advance unallacated premium Sundry Creditors Claim outstanding unclaim dividend Due to other insurance companies

Schedules : 14 Provisions
Reserve for unexpired Risk Proposed Dividends For Dividend , Distribution Tax Less: Tax deducte and rentd at source on interest, dividend

Schedules : 15 Miscellaneous Expenditure

Discount Allowed in issue of share / Debenture Debit balance in Profit & loss Account

plus

LIQUIDATION OF COMPANIES LIQUIDATOR'S FINAL STATEMENT OF A ACCOUNT FOR THE YEAR ENDED .. RECEPITS
To Cash in hand To Assets Reealised: Debtors Stock Furniture Plant & Machinery patents Land & Building Freehold Property Motor Vehicles Cal in arrearsl To Surplus from Secured Creditors To Recepit of unpaid Calls on Shares.

AMOUNT
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

PAYMENT
By Legal Charges BY Liquidation Expenses BY Liquidation Remunerations % on Assets Realised amount XXXX % on Preferential Creditor XXXX % on Unsecured Creditor XXXX By Debentures Holders: Debentures XXXX Interest Accured XXXX Interest on from Date XXXX By Preferential Creditors BY Unsecured creditors: Bank overdraft Creditors xxxx Less: Discount xxxx BY Preference Shareholders: Preferencce Dividend Securities Premium By Equity Shareholders XXXX XXXX XXXX XXXX

XXXXX

WORKING NOTES: Calculation of amount payable to Preference Share (or) Equity Shareholders:
Total share capital ( paid up capital ) Less: Balance available after payment to Expensess, Liquidator Remuneration, Debenture holders, preference Creditors, secured creditor Deficiency (or) Loss to be Borne by Share holders XXXX XXXX XXXX

Loss to be borne by Share holders = Defifiency / No.Of. Share Share ( A ) Paid up value per share Less: Loss per Share Amount payable on each shares XXXX XXXX XXXX

R ENDED .. AMOUNT
XXXX XXXX XXXX XXXX XXXX

XXXX XXXX

XXXX

XXXX XXXX

XXXXX

areholders:
XXXX XXXX XXXX XXXX to

e Share ( B ) XXXX XXXX XXXX

DEBENTURES
JOURNSL ENTRIES FOR ISSUE OF DEBENTURES AT PAR , DISCOUNT, PREMIUM :
PARTICULARS (1) When Applicationh Money is Received Bank A/c Dr. To Debenture Applicaion A/C (Being the Received on Application money ) (2) When Application Money is Transferred to Debenture Account Debentures Application A/C Dr. To Debenture A/C (No. of Share Attotted X Application Money per Shares) (3)Refund of Application Money or Rejuted due to over subscription Debentures Application A/c Dr. To Bank A/c ( No. of Share Rejucted X Application Money per Share ) (4) when Adjustment of Excess Application Money or Prorata to share Debentures Application A/c Dr. To Debentures Allotment A/c [ Application Money Received - ( Application Money Transferred to Share capital + Money Refunded )] (5) when Allotment Money is due premium & discount to share Debentures Allotment A/C Dr. Discount on issue of Debentures A/c Dr. To securities premium A/C To Debentures A/C (No. of Share Alloted X Allotment Amount per share) (6) when Allotment Money is received Bank A/c Dr. To Debentures Allotment A/C ( No. of Application Money Received X Allotment Amount per Share ) AMOUNT AMOUNT xxx xxx

xxx xxx

xxx xxxx

xxx xxx

xxx xxx xxx xxx

xxx xxx

PARTICULARS (7) When Any Call is made on the Share: Debentures Call A/c Dr. To Debentures A/C ( No. of Share X Call Amount per Share ) (8) When Calls Money is Received : Bank A/c Dr. To Debentures Call A/C ( No. of Application Money Received X Call Amount Per Share ) (9)DEBENTURES ISSUED FOR CONSIDERATION OTHER THAN CASH (A) When Purchase of Fixed assets or business is Finalized. Business Purchase A/C Dr. (with the Rs. Of purchase Consideration) Fixed Assets A/C Dr. To Vendors A/C ( Being Fixed assets Purchased ) (B) On payment of purchase Consideration by issuing debentures. Vendor A/C Dr. (with the Rs. Of purchase Consideration) To Debentures A/c (Being issue of debenture as consideration for purchase of fixed assets) ( C) When payment is made for purchase of fixed asset by issuing debentures at premium. Vendor A/C Dr. (with the Rs. Of purchase Consideration) To Debentures A/c To premium on issue of debenture A/c (Being issue of debenture as consideration for purchase of fixed assets) (D) When payment is made for purchase of fixed asset by issuing debentures at premium. Vendor A/C Dr. (with the Rs. Of purchase Consideration) Discount on issue of Debentures A/c Dr. To debenture A/c (Being issue of debenture as consideration for purchase of fixed assets)

Amount xxx

Amount

xxx

xxx xxx

xxx xxx xxx

xxx xxx

xxx xxx xxx

xxx xxx xxx

REDEMPITION OF DEBENTURES
PARTICULARS (1) When debeentures are issued at par and redeemable at per (A) For issue of debentures: Bank A/c Dr. To Debentures A/C (B) On redeemable of debentures : Debentures A/c Dr. To Bank A/C (2) When debeentures are issued at discount and redeemable at per (A) For issue of debentures: Bank A/c Dr. Discount on issue of debentures A/C Dr. To Debentures A/C (B) On redeemable of debentures : Debentures A/c Dr. To Bank A/C (3) When debeentures are issued at Premium and redeemable at per (A) For issue of debentures: Bank A/c Dr. To Debentures A/C To Premium on issue of debentures A/C (B) On redeemable of debentures : Debentures A/c Dr. To Bank A/C (4) When issued at Par and redeemable at Premium. (A) For issue of debentures: Bank A/c Dr. ( with actual money received ) Loss on issue of debentures A/C Dr. To Debentures A/C ( Nominal value ) To Premium on redeemable of debentures A/C (B) On redeemable of debentures : Debentures A/c Dr. Premium on redeemable of debentures A/C Dr. Amount Amount

xxx xxx xxx xxx

xxx xxx xxx xxx xxx

xxx xxx xxx xxx xxx

xxx xxx xxx xxx

xxx xxx

To Bank A/C

xxx

Particulars
(5) When issued at discount and redeemable at Premium. (A) For issue of debentures: Bank A/c Dr. ( with actual money received ) Loss on issue of debentures A/C Dr. To Debentures A/C ( Nominal value ) To Premium on redeemable of debentures A/C (B) On redeemable of debentures : Debentures A/c Dr. Premium on redeemable of debentures A/C Dr. To Bank A/C

Amount Amount

xxx xxx xxx xxx

xxx xxx xxx

VALUATION OF GOOD WILL

( 1 ) AVERAGE PROFIT METHOD :
(A) Average Profit = Total profit Total profit No. of years No. of years (B) Good will = Average Profit X No. of year of purchase (A ) SUPER PROFIT : (A) Calcuation of average expected profit : Total Profit No. of years (B) Calcuation of normal Profit : Capital employed X Normal rate of Return ( C ) Calculation of Super Profit : Average expected Profit - Normal Profit (D) Calculation of value of good will : Super Profit X No. of Year Purchase

(2) CAPITALISATION OF SUPER PROFIT METHOD :

(A) Calcuation of normal Profit : Average Capital employed X Normal rate of Return ( B ) Calculation of Super Profit : Average expected Profit - Normal Profit ( C ) Calculation of value of good will : Super Profit Normal rate of return

(3) ANNUITY METHOD :

( A ) Calcuation of average expected profit : Adjusted average profit = ( B ) Calcuation of normal Profit : Average Capital employed X Normal rate of Return ( C ) Calculation of Super Profit : Adjusted Average Profit - Normal Profit ( D ) Calculation of value of good will : Super Profit X Annuity factor Total Profit No. of years

(4) CAPITALISATION METHOD :

( A ) Total Capitalisation value of the firm : Actual Profit Normal rate of Return ( B ) Net Assets of the firm : Total assets - Total Liabilities ( C ) Good Will : Total Capitalisation value of business - Net Assets

VALUATION OF SHARES
(1) Net Assets method (or) Intrinsic value (or) Break up value (or) Assets backing method :
Intrinsic value of each Share = Net Assets No. of Equity Share

( 2 ) Fair Value
Intrinsic + yield Value 2

( 3 ) Yield Method :
(A) Expected rate of return = Profit available for Equity dividend paid up equity capital Expected rate of return Normal rate of return X 100

(B)

Yield value per share =

X paid up value per equity share

chase

CHAPTER = 4
FINAL STATEMENT OF COMPANIES
TRADING ACCOUNT OF M/S FOR THE YEAR ENDING ...
Particular
To Opening Stock To Purchase Less: Purchase Return or outward To Carriage Inward To freight inward To Wages To Factory expenses To Store consumed To Royalties To Motive power To Coal and coke To Water To Oil To Primary Packing To Octroi To Dock xharges To Custom Duty To gross profit Transferred to P & L A/C

Amount
xxx xxx

Particular

Amount
xxx xxx

XXX By Sales Less: Sales Return or inward XXX BY Closing Stock XXX By Gross loss transferred to XXX p & l A/c ( IF there is a loss ) XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXXX

PROFIT AND LOSS ACCOUNT OF M/S FOR THE YEAR ENDING Particular
To Gross loss transferred from trading

Amount
xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx x xx

Particular
By Gross profit transferred from trading A/C BY Rent from tenants By Discount received or Cr. BY Commission Received or Cr. By Income frpm investment By Interest on Drawing By Interest Received By Provision for discount on Creditors (New) less: Old Provision

Amount

To Salary To Rent, rates and taxes To printing and stationary ToPostage and telegram To Audit fee To Insurance To Discount allowed or Dr. To Packing charges To Trade expenses To Depreciation To Interest on Capital To Travelling expenses To Bad Debt ( old) Add: Bad Debt Written off (New) Add: Provision for bad & doubtful debts (New) Less: (old ) Provision To Provision for discount on debtor (New) Less: (old ) Provision

xxx xxx

xxx

PROFIT & LOSS APPROPRIATION ACCOUNT

Particulars Amount Particulars Amount

BALANCE SHEE OF M/S. AS ON.. Liabilities

capital Add: Net profit ( OR) Less: Net Loss Add: Interest on capital Less: Drawing Less interest on drawing Less: income tax Genernal Reserve Reserve fund Outstanding Expenses Interest on bank overdraft Bank overdraft Loan from Bank Bill Payable Account Payable Income advance in advance Sundry creditor Less: Provision for Discount on creditor

Amount
xxx xxx xxx xxx xxx xxx

Assets
cash in hand cash in bank Bills Receivable Accounts eceivable Sundry debtors Less: New bad debts lesss: New provision for bad & doubtful debts less: provision for discount on debtors premises freehold premises Lose tools Furniture Less: Depreciation plant & machinery Land & Building Investment on share computer fixture and fittings Office equipment Accrued income prepaid exp. Or unexpaid Good will Copy right , patents preliminary exp. Trade mark Closing stock

Amount

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

xxx xxx xxx xxx xxx xxx

xxx xxx xxx

xxx xxx

xxx

...
Amount
XXX XXX XXX

XXXXX

NG Amount

xxx xxx xxx xxx xxx xxx xxx

xxx

xxx

Amount

Amount
xxx xxx xxx xxx

xxx

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

FINAL ACCOUNT WITH ADJUSTMENTS S.NO

1 2 3 4 5 6 7 8 9 10 11 12 13 14

ADJUSTMENT
Closing Stock Outstanding Exp. Prepaid Exp. Accrued Income Income Received in Advance Interest on Capital Interest on Drawing Interest on Investment Interest on Loan Depreciatuion Bad Debts

TRADING ACCOUNT
Cr. Side Only Dr. Side Add With Exp. Dr. Side Less With Exp.

PROFIT & LOSS A/C

Dr. Side Add With Exp. Dr. Side Less With Exp. Cr. Side Add With Income Cr. Side Less From Income Dr. Side Only Cr. Side Only Cr. Side Add With Interest Dr. Side Add With Interest Dr. Side Only Dr. Side Only Dr. Side Only Dr. Side Only Cr. Side Only

Provision for Bad And Doubtful Debts Provision for Bad And Discount on Dr. Provision for Bad And Discount on Cr.

BALANCE SHEET
Assets Side Only Liabilities Side Only Assets Side Only Assets Side Only Liabilities Side Only Liabilities Add Capital Liabilities Less Capital Assets Side Only Liabilities Side Only Assets Less from Depreciation Assets Less With Bad Debt Assets Less From Debtor Assets Less From Debtor Labilities Less From Debtor

PROFIT PRIOR TO INCORPORATION

STATEMENT SHOWING PRE AND POST INCORPORATION PROFIT OF .. FOR THE YEAR ENDED...

Particulars
Gross profit EXPENSES: Time Ratio Salaries Rent & Taxes Stationery Postage Depreciation Bank charges Intrest & Loan Office expenses Insurance premium Electicity Charges Auditors Fees Establishment Expenses Carriage inwards Ligitings Interest Received Rent Received Sales Ratio Selling Expenses Advertising Salesman commission Sales promotion expenses Carriage outwords Bad debts Discount allowed Commission Travellers Commission , Exp. Provition discount on debts Underwriting commission (A)

Basis of Apportionment
Sales Ratio

Total
xxxx

pre incorporation
xxx

Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Time Ratio Saless Ratio Saless Ratio Saless Ratio Saless Ratio Saless Ratio Saless Ratio Saless Ratio Saless Ratio Saless Ratio Saless Ratio Saless Ratio

xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx xxxx

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

Particulars
Allocation: Formation expenses Directors fee Managing Directors Salary Preliminary expenses campany Secretary Salary Debentures Interest Total Expenses Net Profit (A-B) (B)

Basis of Apportionment
Allocation Allocation Allocation Allocation Allocation Allocation

Total

pre incorporation

xxxx xxxx xxxx xxxx xxxx xxxx XXXX XXXX XXXX XXXX

ON

UNDERWRITING SHARE AND DEBENTURES

STATEMENT SHOWING LIABILITY OF UNDERWRITERS Particulars Post incorporation
xxx

N PROFIT OF ..

No. Of Shares X Y
xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxx xxx xxx xxx xxx xxx xxx (-)xxx xxx xxx xxx xxxx

Gross liability Less: Marked Application ( Received application) Less: firm underwriting Less: Unmarked Application ( in the ratioof gross liability)

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

Less: Y's Suplus transferred to X,Z in the ratio Net Liability Add: Firm underwriting Total liability of underwriting

Post incorporation

xxx xxx xxx xxx xxx xxx XXXX XXXX

ENTURES

RWRITERS Total

o. Of Shares Z
xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxx

xxxx xxxx xxx xxx xxx xxx xxx xxx xxx xxx xxxx