Question

Std 12 Accoutancy part 2 sum no 6 ch3 Company Final Accounts
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Answer 1

Explanation:

equity and liabilities. amt

equity share capital. 1500000

general reserve 30000

provident fund. 30000

1560000

non current liabilities

12% bank loan. 195000

195000

current liabilities

Creditors. 600000

provision for tax. 90000

690000

total. 2445000

assets. amt

non current assets

plant and machinery. 1500000

non current investment 45000.

1545000

current assets

cash and bank. 67500

electricity deposit. 187500

closing stock. 270000

accrued interest. 30000

total 2445000

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