Explain with imaginary figures, how the following items will appear in a company's Balance Sheet.

Profit or loss prior to incorporation

Any two methods of valuation of goodwill

On 1st May, 2012 Modi Traders sold a machine  osting 10,000 on hire purchase system. Machine was sold at 20% profit on cost. Payment was to be made in 12 monthly instalments of 1,000 each, payable at the end of each month. Prepare a hire purchase trading A/c as on 31st December, 2012, assuming that all instalments due upto 30th November, 2012 have been received

Name any six items which are shown in 'Profit and Loss Appropriation A/c'.

Explain with an example, how allotment shall be made in case of oversubscription of shares.Explain with an example, how allotment shall be made in case of oversubscription of shares.

Explain the procedure of calculating cash flow from operating activities