From the following information prepare the balance sheet of Gitanjali Ltd., as per the (Revised) Schedule VI Inventories Rs. 14,00,000; Equity Share Capital Rs. 20,00,000; Plant and Machinery Rs. 10,00,000; Preference Share Capital Rs. 12,00,000; Debenture Redemption Reserve Rs. 6,00,000; Outstanding Expenses Rs. 3,00,000; Proposed Dividend Rs. 5,00,000; Land and Building Rs. 20,00,000; Current Investments Rs. 8,00,000; Cash Equivalent Rs. 10,00,000; Short term loan from Zaveri Ltd. (A Subsidiary Company of Twilight Ltd.) Rs. 4,00,000; Public Deposits Rs. 12,00,000.
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Answer:
Balance Sheet
Gitanjali Ltd.
Balance Sheet
Equity And Liabilities Amounts(Rs)
Shareholder Equity
Share Capital 2,000,000
Perference shares Capital 1,200,000
Debenture Redemption Reserve 600,000
Public Deposits 1,200,000
5,000,000
Short term loan 400,000
Outstanding Expenses 300,000
Proposed Dividend 500,000
1,200,000
Total 6,200,000
Assets Amount (Rs)
Non- Current Assets
Plant and Machinery 1,000,000
Land and Building 2,000,000
3,000,000
Current Assets
Cash Equivalent 1,000,000
Inventories 1,400,000
Current Investments 800,000
3,200,000
Total 6,200,000