Accountancy, asked by shrey280711, 6 months ago

The following balances were extracted from the books of Raman Ltd. on 31st March, 2018: Fixed Assets (Tangible) Rs.10,00,000; Non-Current Investment Rs.10,00,000; Inventories Rs.10,000; Trade Receivables Rs.1,80,000; Reserves and surplus (Negative Balance) Rs.1,20,000; share Capital Rs.18,00,000; Long-Term Borrowings Rs.2,50,000; Long-Term Provision Rs.1,50,000; Short- term Borrowings Rs.1,00,000; Trade Payables Rs.50,000; Short-term Provisions Rs.10,000, Cash and Cash Equivalents Rs.50,000. Prepare
Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013.

Answers

Answered by drijjani50
0

ANSWER

BALANCE SHEET As On 31st March 2017

S. No. Particulars Note No. 31.3.17 31.3.16

1.

2.

3. EQUITY and LIABILITIES

Shareholder's funds

a) Share Capital

b) Reserves and Surplus

Non Current Liabilities

Long term Borrowings

(5% Debentures)

Current Liabilities

a) Trade Payables

b) Other Current Liabilities

c) Short term Provisions

1

2

3

4

5

6

500000

190000

160000

60000

48000

12000

TOTAL 970000

1.

2. ASSETS

Non Current Assets

Fixed Assets

Current Assets

a) Inventories

b) Trade Receivables

c) Cash and Bank Balance

730000

50000

20000

170000

TOTAL 970000

Notes To Accounts:

Particulars Amount Amount

1. Share Capital

Authorized Capital

........ Equity Shares @ Rs. 100

Issued Capital

........ Equity Shares @ Rs. 100

Subscribed Capital

Subscribed and Fully Paid Up

5000 Equity Shares @ 10 Rs. 100

( ___ )

( ___ )

( ___ )

( ___ )

500000

2. Reserves and Surplus

less: Underwriting Commission 200000

(10000)

190000

3. Long term Borrowings

5 % Debentures

160000

4. Trade Payables

Creditors

Bills Payable

40000

20000

5. Other Current Liabilities

Current Maturity of Long Term Debts-

5% Debentures

Interest accrued and Due on

5% Debentures

40000

8000

6. Short term Provisions

Proposed Dividend

12000

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