Question

20. The following is the comparative balance sheets of Pratima and Company Ltd as on 30h
June 1987 and 30th June 1988.
Balance Sheet
Liabilities
Assets
Share capital
Reserve fund
P & L account
Trade creditors
Bank overdraft
Provision for tax
Provision for doubt
Doubtful debts
30-6-87 30-6-88
Rs.
Rs.
1, 80,000 2,00,000
28,000 36,000
39,000 24,000
16,000 10,800
12,400 2,600
32,000 34,000
Goodwill
Buildings
Machinery
Investments
Inventories
Debtors
Cash
30-6-87
Rs.
24,000
80,000
74,000
20,000
60,000
40,000
13,200
30-6-88
Rs.
20,000
72,000
72,000
22,000
50,800
44,400
30,400
3,800
4,200
3,11,200 3, 11,600
3,11,200
3, 11,600
Additional information:
(1)
Depreciation charged on machinery Rs. 10.000 and on buildings Rs. 8.000
Investments sold during the vear Rs 3000
Rs 15 000 interim dividend naid during Lanuary 1988
Tovar naid durina tho sanr D. 2nnnn​

Answer 1

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