1. Ford Ltd. had the following items under the head "Reserves and Surplus,, in the Balance Sheet as on 31st March, 2020: Securities Premium Account Capital Reserve General Reserve Amount in lakhs 80 60 90 The company had an accumulated loss of 250 lakhs on the same date, which it has disclosed under the head "Statement of Profit and Loss, as asset in its Balance Sheet. Comment on accuracy of this treatment in line with Schedule III to the Companies Act, 2013. 2. Sumedha Ltd. took a loan from bank for 10, 00,000 to be settled within 5 years in 10 equal half yearly instalments with interest. First instalment is due on 30.09.2020 of 1, 00,000. Determine how the loan will be classified in preparation of Financial Statements of Sumedha Ltd. for the year ended 31st March, 2021 according to Schedule III. 3. The following is the Draft Profit & Loss A/c of Mudra Ltd., the year ended 31st March, 2020: PARTICULARS AMT(*) PARTICULARS Administrative, Selling and 8,22,542 Balance b/d AMT(*) 5,72,350 distribution expenses Directors fees 1,34,780 Balance from Trading A/c 40,25,365 Interest on debentures 31,240 Subsidies received 2,73,925 Managerial remuneration from Govt. 2,85,350 Depreciation onfixed assets 5,22,543 Provision for Taxation 12,42,500 General Reserve 4,00,000 Investment Revaluation Reserve 12,500 Balance c/d 14,20,185 48,71,640 48,71,640 Depreciation on fixed assets as per Schedule II of the Companies Act, 2013 was 5,75,345. You are required to calculate the maximum limits of the managerial remuneration as per Companies Act, 2013. 9. Pass journal entry on issue of debentures: S Ltd. issues, 5000, 13 % debentures of 100 each at a premium of 5%, redeemable at the end of 5 years at a premium of 5 %. 10. State the treatment of the following for cash flow statement for a non financial company A) Loans and advances given to suppliers B) Loans and advances given to employees C) Loans and advances given to its subsidiary companies 11. State the conditions of buy back of shares by a company so as to determine the maximum number of shares that can be bought back. 12. (a) What are the various methods of valuation of shares. (b) Which valuation method will you use to value? (1) if you buy shares in small lot. (II) if you are buying shares for acquiring controlling interest 13. T's 2400 shares were forfeited (forfeited amount *5760) and N's 3000 shares were forfeited (forfeited amount 15000). Out of the total forfeited shares 3900 shares (which included 2400 shares of T) were issued at 8 (face value 10). Pass journal entry 14. State the treatment of the following for cash flow statement for a non financial company (i) TDS on interest income earned on investments made (ii) TDS on interest earned on advance given to suppliers 15. Find the cost of share of Mr A. Mr. A bought 1000 equity shares of R Ltd for 900, brokerage is 1%, duties 0.4%