Followling is the balance sheet of X Ltd.
Particulars Note
No.
31st March,
2020 (₹)
31st March,
2019 (₹)
I. Equity and Liabilities
1. Share Holders Funds
(a) Share Capital
(b) Reserves and Surplus
2. Non Current Liabilities (8 % Bank Loan)
3. Current Liabilities
(a) Trade Payables
(b) Short-term Provisions
1
2
3
6,00,000
1,28,000
1,00,000
22,000
50,000
5,50,000
70,000
80,000
8,000
40,000
Total 9,00,000 7,48,000
II. Assets
1. Fixed Assets :
(i) Tangible Assets
(ii) Intangible Assets ( Good will)
2. Current Assets
(i) Current Investments
(ii) Inventories
(iii) Trade Receivables
(iv) Cash and Cash Equivalents
4 3,70,000
1,20,000
10,000
1,52,000
1,50,000
98,000
2,80,000
1,00,000
30,000
1,00,000
1,57,000
81,000
9,00,000 7,48,000
Notes to Accounts
Particulars 31st March,
2020 (₹)
31st March,
2019 (₹)
1. Share Capital
Equity Share Capital
10 % Preference Share Capital
5,00,000
1,00,000
4,50,000
1,00,000
6,00,000 5,50,000
2. Reserves and Surplus
Securities Premium Reserve
General Reserve
Surplus, i.e. Balance in Statement of Profit and Loss
10,000
1,00,000
18,000
20,000
50,000
1,28,000 70,000
3. Short term Provision
Provision for Tax 50,000 40,000
4. Tangible Asset
Plant & Machinery
Less :- Accumulated Depreciation
5,00,000
(1,30,000)
3,50,000
(70,000)
3,70,000 2,80,000
Answers
Explanation:
Followling is the balance sheet of X Ltd.
Particulars Note
No.
31st March,
2020 (₹)
31st March,
2019 (₹)
I. Equity and Liabilities
1. Share Holders Funds
(a) Share Capital
(b) Reserves and Surplus
2. Non Current Liabilities (8 % Bank Loan)
3. Current Liabilities
(a) Trade Payables
(b) Short-term Provisions
1
2
3
6,00,000
1,28,000
1,00,000
22,000
50,000
5,50,000
70,000
80,000
8,000
40,000
Total 9,00,000 7,48,000
II. Assets
1. Fixed Assets :
(i) Tangible Assets
(ii) Intangible Assets ( Good will)
2. Current Assets
(i) Current Investments
(ii) Inventories
(iii) Trade Receivables
(iv) Cash and Cash Equivalents
4 3,70,000
1,20,000
10,000
1,52,000
1,50,000
98,000
2,80,000
1,00,000
30,000
1,00,000
1,57,000
81,000
9,00,000 7,48,000
Notes to Accounts
Particulars 31st March,
2020 (₹)
31st March,
2019 (₹)
1. Share Capital
Equity Share Capital
10 % Preference Share Capital
5,00,000
1,00,000
4,50,000
1,00,000
6,00,000 5,50,000
2. Reserves and Surplus
Securities Premium Reserve
General Reserve
Surplus, i.e. Balance in Statement of Profit and Loss
10,000
1,00,000
18,000
20,000
50,000
1,28,000 70,000
3. Short term Provision
Provision for Tax 50,000 40,000
4. Tangible Asset
Plant & Machinery
Less :- Accumulated Depreciation
5,00,000
(1,30,000)
3,50,000
(70,000)
3,70,000 2,80,000