Question

Trial Balance from the books of Sunny Toys Co. Ltd
for
the
year ending 31.3.2018
Debit Balances Amount Credit Balances Amount
machinery 2,10,000
Equity share capital
5,00,000
Govt bonds [Lt] 175,000 Capital Reserve
31,000
Sunday debtors 47, 500 Profit & lomale 22,000 R
stock in trade 78,000 Demand Jmom.loon. 1,30,000
cash at Bank
1,42,000 Public Deposit
75,000
Bills Receivable
87,500 Sunday (meditors 60,000
Preliminary exp
17,500 Provision for tax 28,000
Goodwill
90.000
Os interest on loan 1,500
8,47,500
8,47,500
S
Prepare the balance sheet of the company fo7
the ended 31 st March 2018 as per schedule
year .
of
the Indian Companies Act 2013​

Answer 1

$\huge\underline\mathfrak\orange{❥︎ANSWER}$

Interest accrues on tax due when you have not paid taxes at all, or in full or the TDS deducted by the employer wasn't enough. ... Interest is also charged when you file income tax returns after the due date.