Question

21,300; Total of Sources and
14,000 respectively; Tax Provision is taken as non-current]
TUIS
Application
fols
2010
2011
Assets
2011
Share Capital
General Reserve
Profit and Loss A/C
Bank Loan (Long-term)
Trade Creditors
Taxation Reserveret
Dividend Proposed
2,00,000
40.000
30,000
1,50,000
1,50.000
40,000
20.000
6,30,000
2,50,000
70,000
37,500
50,000
70,000
60,000
25,000
5,62,500
Buildings
Plant
Stock
Debtors
Cash at Bank
2010
₹
2,00.000
1,75,000
2,00,000
25,000
30,000
2,50,000
1,50,000
1.25,000
20.000
17,500
6,30,000
5,62,500
Additional information for the year ending 31.2.2011 :
ia) The company paid tax of 30,000 during the year.
b) The company acquired a building worth 50000 by issuing equal amount of shares of 10 each to the vendor.
c) The company sold plant worth 25000 for 20000 and the loss on sale was debited to profit and loss account.
d) Dividend Paid in cash during the year amounted to 15000​

Answer 1

Answer:

20.000

17,500

6,30,000

5,62,500

Additional information for the year ending 31.2.2011 :

ia) The company paid tax of 30,000 during the year.

b) The company acquired a building worth 50000 by issuing equal amount of shares of 10 each to the vendor.

c) The company sold plant worth 25000 for 20000 and the loss on sale was debited to profit and loss account.

d) Dividend Paid in cash during the year amounted to 15000