| | ch 10,000 2,000 2,00,000 | 1,80,000 | 1,70,000 I Intangible Assets Good n 8, Inventories ‘Stock 9, Trade Recetvables Debtors for goods Bills Receivable 40, Cash and Cash Equivalents Cash at bank Cash in hand Land Share Capital | utcng Callsin-arrear Trade Payables J capital Reserve stores Wases due Godown Rent due | stociin-trade Unexpired insurance | cashin Hand | Provision for Employees Benefits (one-term) Selaries Due Bad Debts Provision Casha Bank Computer Software Plant and Equipment Loose Tools Trade Receivables Unclaimed dividend Balance in Profitand Loss Statement 158 Debenture 1,10,000 From the folowing balances extracted on 3st March, 2019 from the books of Nader Ltd., prepare ‘balance Sheet in the form prescribed under the Companies Act, 2013 : 6,30,000 25,000 6,418,000 1,54,000 990,000 29,000 3,600 2,50,000 8,200 41,25,000 15,000 3,500 6,500 69,000 4,900 5,08,000 1,30,000 4,20,000 5,000 41,58,000 4,00,000nt Bank lan accout uty shares (quoted) Investment ne 1s aaronar formation ero pnora equ rsh OS eer 1 Autor oa ya ere euscribed By the pas catego st ms are er ares ncn Maca oT cipor share has not been Pa Seeghesea natsgeountedbut not atures 40 3,000 Eau 2) te re subscribed but noth Seu cs 219 {0,000 Eautty patance Sheet as on 3st Mare Less: Callsn- FFQUITY AND LIABILITIES & and Sun Shareholders Funds coptal reser Share capital 7 605,000 Surplus in St eserves ard surplus 2 3,12,000 Non-currentLiabititles or Tong term borrowings 3 250,000 Long-term Bore Lane ery provisions employees benefit fund) 15,000 texan current Liaitties Bankctoan “ade payables 4 6.18.00 Other current Gables 5 TAA | 4, Trade Payable short-term provisions 6 “rade Pa Teal 75,41,100 ASSETS 5, Other curres Non-current Assets pets Fixed assets z Wages Tangible assets salar Intangible assets ‘ Non-curent investments (nvestmentn Equity Shares) Current Assets Inventories 8 6. Short-ter Trade receivables : 7. Fixed Ass Cesh and cash equivalents 10 Tangible Other current assets (Unexpired Insurance) an ‘ Total Bui , Pla Notes forming an integral part of Balance Sheet. Intang C1 6,05,000 2 3,12,000 3 2,50,000 15,000 4 6,18,000 5 41,100 6 “ 8,00,500 4,900 2,50,000 4,70,000 1,12,500 1,94,000 8,200 18,41, 100 18,41, 100 ‘Authorised 1,00,000 Equity shares of ¢ Is oe fo 70,000 Equity shar ne Tes Of € 10 each subscribed and fully paid 53,000 Equity shares of & 10 each subscribed but not fully paid 10,000 Equity shares of ¢ 10, Less: Calls-in-arrear 1 each each fully called up Reserves and Surplus Capital reserve Surplus in Statement of Profit and Loss 3. Long-term Borrowings 15% debentures Bank loan 4. Trade Payables ‘Trade Payables 5. Other Current Liabilities Unclaimed dividend ‘Wages due Salaries due Godown rent due 6. Short-term Provisions 7. FixedAssets Tangible assets Land Building Plant and equipment Intangible assets Computer software share Capital ais) 1,00,0008, Inventories Stores Loose tools Stock fn trade ‘Trade Receivables Debtors for goods Less: Provisions for bad debts 40. Cash and Cash Equivalents ‘cash in hand Cash at bank From the following balances extracted on 31st March, 2019 from t balance sheet in the form prescribed under the Companies Act, 2013 : Share capital Equity Share Capital Preference 9% (shares of ® 10 each) Sundry creditors for goods supplied Sundry creditors for outstanding expenses Profit and loss balance Stock-in-trade Plant and equipment (WDV) Furniture and fittings (WDV) Motor vehicles (WDV) Sundry debtors Investments Factory buildings (WOW) Cash in hand Deposit with State Bank of India Cash with banks on current account SN 41,30,009, 2,50,009 |__2:50.009 | 4,70,000 |_4-70,000 |} } 2 | 1,13,500 | ~~ 1,25,000 69,000 1,94,000 the books of MPR Ltd. preparez ROE terest accrucdOn ‘ for taxatic dividend alsin arrest ineerestinterest accrued on debentures provision for taxation proposed dividend calls in arrear interest accrued on bank deposit The following additional information is also mad le available to you: res per share has not been pald and se ge are 10 each. On 200 shares, the ina cal of €5 @)__ Debentures are secured by a floating char (@) Investments represent 5,300. ee orcen ‘equity shares of MRP Ltd. Balance Sheet as m 31st March, 2019 EQUITY AND LIABILITIES shareholders’ Funds Share capital 1 6,99,000 Reserves arid surplus 2 35,925 Non-current Liabilities Long-term borrowings 3 4,25,000 Current Liabilities Trade payables 4 72,000 Other current liabilities 5 77,360 Short-term provisions 6 26,95 Total | 9.86.710 ASSETS Non-current Assets Fixed assets 5,90,090 Tangible assets ey Non-current ‘investments 1 376.500 [_6.16:590_ 10 each, 75 per share called up, of a publicCurrent Assets fc a Inventories 8 83,25 | 7, Fixed Assets Trade receivables 9 41,2000, Factory building Cash and cash equivalents 10 1,539,079 Plant and equipments Other current assets 7,80 Furniture and fittings Motor vehicles Total 986,719 ‘Notes Forming an integral part of Balance Sheet. ve 1. Share Capital ] Stock in Trade ‘Authorised, Equity shares capital trade bles 9% preference shares capital canny desea Issued, subscribed and paid up capital 49,800 Equity shares of €10 each 4,98,000 40. Cash and Cash Equva ‘Add : Forfeited shares a/c (see note) 1,000_| 4,99,000 inhand 20,000, 9% preference shares of € 10 each 2,00,000 et cat 6,99,000 Cash with Ba 2. Reserves and Surplus General reserve 42,500 Surplus in Statement of Profit and Loss 23,425 3. Long-term Borrowings 4, 5. 6. 10% Debentures (secured by a floating charge on all assets) Public deposits Trade Payables Sundry creditors for goods supplied Other current liabilities Interest accrued and due on debentures Creditors for outstanding expenses Short-term Provisions Provision for current taxation Proposed dividend | From the following tr 35,925 | the accounting period 31* Sales General reserve Opening Inventories ‘Trade payables Purchase of Goods Depreciation on Tar Trade Receivables Salary Expenses Provision for Bad a Cash and Cash Equ Tangible Assets Freight Amortisation on Sundry Expenses Share Capital (eq PRLA/C Preliminary Exper Power Fuel83,250 Fixed Assets 20,000 Factory building 59,079 Plant and equipments a008 7,800 Furniture and fittings ae O00) 56.7107 Motor vehicles en ee 73,840 8. inventories '5,90,090 Stock in Trade 23,250 9, Trade Receivables 83,250 ‘sundry debtors ie 1,20,000 40. Cash and Cash Equivalents 1,20,000 Cash in hand 99, “000 Cash at bank 36,770 deposit with State Bank of India Cash with Bank on Current Account re Final Accounts of Nishi Trading Company Limited for From the following trial balance prepar the accounting period 31% March, 2019 sales General reserve Opening Inventories Trade payables Purchase of Goods Depreciation on Tangible Assets Trade Receivables Salary Expenses ? eom0 Provision for Bad and Doubtful Debts ee x Cash and Cash Equivalents As 27,860 Tangible Assets "18,880 —— Freight 0 Amortisation on Tangible Assets a 8,925 Sundry Expenses 250,000 18,000 Share Capital (equity shares ‘of Z 100 each) ae 7,000 — PRLA/C 20,000 26,925, Preliminary Expenses 54,200 —— Power FuelEE ip 19° Bad Debts 20 Intangible Assets Total ‘Adjustments 1. Closing inventories ® 28,880. 2. Create Provision for taxation at 30%. 3. Write off 1/5 of Preliminary Expenses. 4. Directors proposed dividend of 15%. 5. Write off % 2,500 as Bad debts and maintain PBDD @ 10% on Debtors. EQUITY AND LIABILITIES Shareholders’ Funds ” Share capital y Reserves arid surplus Non-current Liabilities ‘Long-term borrowings Current Liabilities Short-term Borrowing Trade payables Other current liabilities Short-term provisions Total ASSETS Non-current Assets Fixed assets Tangible Assets Intangible Assets Non-current investments Other Non-current Assets (Pretiminery Expenses — Written Off) Current Assets Inventories Trade receivables Cash and cash equivalents Short-term Loans and Advances Total Nishi Trading Company Limited Balance Sheet as at March 31, 2019 x Statement of Prof Income: Revenue from operations Less: Returns Revenue from operations (Gross Less: Excise Duty Revenue from Operations (Net) MN. Other Income. I, Total Revenue from Opera IV. Expenses: Purchases of Stoct-in-trade Changes in inventories Employee Benefit Expenses Finance Cost Depreciation and Amortisatia (Other expenses: ‘Total Expenses: V. Profit before tax (li —1V Vi. Tax expenses Vil, Profit for the year (V-\ Earnings per equity share: (Profit for the year + No. of ‘Notes: 4. Share Capital Equity share capital Total 2. Reserves and Surpl General reserve ‘Add: Transferred fro Closing Balance PAL Account ‘Opening Balance ‘Add: Net Profit fo Amount available’ j}-—___——— AppropriationsStatement of Profit and Lonor the Yea ended Loss for the Year ended March 34, 2019 Jeincome: Fevenue from operations ess: Returns iRevenue from operations (Gross) Less: Excise Duty Fevenue from Operations (Net) 11, Other Income Total Revenue from Operations (+I) Iv. Expenses: purchases of Stock-in-trade Changes in inventories Benefit Expenses zona pce eee eeetatin and Amorsation expenses Other expenses nit) Total Expenses: ¥v. profit before tax (ll IV) pat Yi Taxexpenses 25,890 |) Vil. Profit for the year wv) =F Eamings per equity shar 75,351_ (profit fr the year + No. of FY shares) 3,95,630 ~ 4. share Capital aut share capital €10¢2cn 4,55,000 Total 86,000 | 2, Reserves and Surplus General reserve adds Transferred from SUTPIUS 416,000 Closing Balance PAL Account 28,880 ‘ Opening Balance ey ‘Add: Net Profit from statement of Profit and L0ss70,518 35, - J Amount available for appropriations ‘Appropriations 630 | es _ [ase8: ae 37,500 Less: Proposed Dividend 7635 | 45,135 isa, other Expenses Less: DDT at 20.36% 32,383 Freight Closing Balance 4438 Sundey Eponees volte a cn fs ieminary Expenses 3. Long Term Borrowings 5.0 eae 4, Trade Paybles ‘i ‘Add: Further Bad Det 5. Other Current Liabilities ae peal tte 6. Short-term Provisions 37,500 Propose aividend 22 Less: Opening Provis or Tax - Total Provision for T ean = the following From 7. FixedAssets Weare ation, 41,55, Tangiable Assets 1,55,000 000 ‘Sub Total 1,55,000 1,55,000 4. share Capital (Eq 6,000 2 Securities Premiur Intangible Assets 86,000 ~~ 3 General reserve Sub Total 86,000 56,000 4 surplus 5 15% Debentures inventories 28,880 | 6 Interest on Deber Closing Invetories 1 7 Trade Receivable ial 28,880 | § Provision for Tax 9 Advances receive 9. Trade Receivables 5,000 | 10. Data Processing ‘Trade Receivalbes 208 Fat Plant & Machine Less: Further Bad Debts 2,500 42 Patents and Cop Less: Provisions for Doubtful Debts 8,250 |__(10,750)_| 43 Inventories ual 74,250 | 14° Cashand Bank B 45. Advance paid tc 10. Cash and Cash Equivalents 35,500_| a Sais a ees ary Total 35,500 | 48 Contribution te 11. Employee benefit expenses 19. ESI Expenses Salaries and Wages 98,470 | 20 ES! Payable 21 Rent Expenses Total 98,470 | 22 Advertisement “2 Travelling Ex 12. Finance Costs Nil [24 Testing Fee 13. Depreciation and Amortisation Expenses 25 Commission R Depreciation on Tangible Assets 15,500 ‘Amortisation expenses 18,500 ea 500 sane |__| Adjustments Total 34,000 | 1. Closing.Preliminary Expenses Written off Bad Debts ‘Add: Further Bad Debts ‘Add: Provision for Bad & Doublful Debts Less: Opening Provision for Bad and Doubtful Debts From the following trial balance nl from the following til Balance prepare Fina Accounts of WAS Tang Company Limited for Share Capital (Equity Shares of ® 10 each) Securities Premium General reserve Surplus 15% Debentures Interest on Debentures ‘Trade Receivables & Trade Payables Provision for Taxation Advances received from Customers Data Processing Equipment Plant & Machinery Patents and Copyrights Inventories Cash and Bank Balance ‘Advance paid to supplier Purchases and Sales Salary & Wages Contribution to PF and Other Funds ES Expenses ESI Payable Rent Expenses ‘Advertisernent and Sales Promotion Expenses Travelling Expenses Testing Fee ‘Commission Received 1. Closing Inventories € 48,500.ssa Provide depreciation at 10% on a eee ‘jachiner excise DANY avec Messe rom Operations Net) other income Moxa Revenue from Operation as Trading company Limited Ve ESDeOST ade Balance ‘sheet as at March 31, 2019 Puree in wventortes Benefit Expenses | Finance Cost EQUITY AND LIABILITIES Fineition and Amorsation © Shareholders Funds 4 aoa ner em Sharecaptal . 2 emer: fesorves and sel Tea Non-current Liabilities : cmos Tong term borrowings 25am | Wi Tex expenses current Liabilities current Short-term Borrowing 7 = un. Profit for the year (V—V ‘Trade payables : 9,00 earings per ect share: Other current bites 200) oer ere Short-term provisions 6 5,928 —— ‘Total 6,87,083 [_6,87,083, 4 share Capital ASSETS Equity share capital 0 Non-current Assets ao Fixed assets t, ‘Tangible Assets 2,65,88 2. Reserves and Surpl Intangible assets Tape Securities Premium Current Assets Add: Additions: Inventories 8 48,500 General reserve ‘Trade Receivables 9 95,000 Add: Transfer Cash and cash equivalents 40 37,700 P&LAccount: Short-term Loans and Advances Opening Balance Advance pad to suppliers and pre Advertisement ) syo0,009, Ade Prfit roms |___— ‘Amount available Total 6,87,083 a MAS Trading Company Limited Statement of Profit and Loss for the Year ended March 31, 2019 r 3. Long Term Bor ere 15% Debenture Revenue from operations 8,70,00 : Less: Returns : a Revenue from operations (Gross) 37000 ee3,00,000 1,10,154 1,25,000 59,000 17,000 75,929 6,87,083 1,490,000 48,500 95,000 37,700 1,00,000 6,87,083 Se as . Total expenses: 1. profit before tax (ll IV) Vi Tax expenses: Current tax : 8,875 i Profit for the year (V—VI) i= Earnings per equity share: “oe (Profit for the year + No.of Equity Shares) i Notes: 4. Share Capital Equity share capital of €10each 300 000 et 3,00,000, 2,65,883 2. Reserves and ‘Surplus Securities Premium 0.00 ‘Add: Additions 2 60,000 General reserve 12,500 ‘Add: Transfer = 42,500 P& LAccount: Opening Balance Add: Profit from Statement of Profit and Loss Amount available for appropriations Less: Appropriations: Less: Proposed Dividend Less: Dividend Distribution Tax at 20.36% 37,654 Total Reserves and Surplus 41,10,154 Long Term Borrowings 15% Debentures 1,25,000_ 4,25,000 5: Excise DULY Lespnve from Operations (Net) frother income in. Total Revenue from Operations (I+) Iv. Expenses purchases of Stock-in-trade Changes in inventories Employee Benefit Expenses Finance Cost Depreciation and Amortisation expenses ‘other expenses TT ERT "1 2 2B 14 Total4, Trade Payables 59,09) Finance Costs ‘Trade payables 35,05) 47 gperest on De Toral [ow “Total Other Current Liabilities un Javances received from Customers 4281 5, venracation i Payable ae Depreciation 009 Depreciation Total ain. ‘Total 6. short-term Provisions 49,000 Proposed for Taxation 8.875 say 14. other Exper ‘Add: Current Year provision rp Rent Expens Proposed Dividend 20s “Advertiser DoT -———. Less: Pre pa Tal 75,979 ‘Travelling E Fixed Assets ‘Testing Fee Total Tangiable Assets maaerations7 Data Processing Equipment 159,000 15,900 143,100 Preparet Plant and Machinery 144,450, 21,667.50 12,783 eye Maret Sub Total 3,03,450 37,568 2,65,883 Debit Bal Intangible Assets ee Patents and Copyrights 1,75,000 35,000 140,000 Machiner Sub Total 1,75,000 35,000 1,40,000 Furniture 8. Inventories NL Purchas 9. Trade Receivables Wages: Trade Receivalbes 95,000 Salaries Total — Interim Goodwi 10, Cash and Cash Equivalents Debtor 11, Short-term loans and advances Bills Re ‘Advance paid to suppliers Bad De Prepaid Advertisement Expenses Deben Total Stock 11, Employee benefit expenses Salaries and Wages Credi Contribution to PF and Other Funds Share ESI Expenses Sales Rese Total42. Finance Costs Interest on Debentures Total 12, Depreciation and Amortsaton Exper, Depreciation on Tangible assery PERSE Depreciation on intangible Assets Total 44, Other Expenses Rent Expenses Advertisement and Sales Proy (eres rman Travelling Expenses = Testing Fee Total Prepare the final accounts of 31% March 2019: Debit Balance: Calls in Arrears Premises ‘Machinery Furniture Purchases Wages Salaries Interim Dividend (including corporate dividend tax) Goodwill Debtors Bills Receivable Bad Debts Debenture Interest (upto 30.9.2019) Stock on 1.4.2018 Hindusthan Company Ltd., Credit Balance: Share Capital Sales Reserve Fund Profit & Loss Account Creditors 10% Debentures 18,750 18,750 37,568, 35,000 72,568 535,000 25,000 rom the following trial balance as ontg BE at gt 42008) na Zoi99) Adjustments: | Te stock on 313.2019 was valued at £20,000. 4 pebsecta machinery and furniture by 108, 2 Dera Resorve for Doubtful Debs at 5% on debtors: FAA erectors proposed a final dividend at 15% The debenture Interest is unpaid for 6 months, Hindusthan Company Limited Balance Sheet as at March 31, 2019 Particulars NoteNo. 7 EQUITY AND LIABILITIES Shareholders’ Funds share capital 1 495,000 Reserves and surplus 2 21563, Non-current Liabilities Long-term borrowings 3 4,00, 000 Current Liabilities : Short-term Borrowing - ‘rade payables a es Other current liabilities 5 hon Short-term provisions é £9,361 _ 13,085,000, ASSETS ee Non-current Assets Foved assets 7 Tangible Assets 930,000 Intangible Assets tenon Current Assets Inventories ” en Trade Receivables ; aa Cash and cash equivalents 0 pi Short-term Loans and Advances Total 13,05,000 ena Wind Statement of Profit an errors Partioulors _________ Epeverue fom Operations (Net) i, Other Income thTotal Revenue from Operations Iv. Expenses. Pircheses of Stock-intrade anges in inventories Enployee Benefit Expenses Finance Cost Depreciation and Amortisatio exe Other expenses Total expenses: ¥. Profit before tax (—) Mi. Tax expenses: Current tax Vi Profit fort Notes: 1. Share Capital share capital Less: Callin Arrears ‘Total ._ Reserves and Surplus Reserve Fund P@ LAccount: ‘Opening Balance ‘Add: Profit from Stater ‘Amount available fora Less: Appropriations: Interim Dividend Proposed Dividend Dividend Distribution Total Reserves and s jear (Y |__| 3. Long Term Borrowin 10% Debentures TotalHindustha than Company Limited statement of Pr Profit and Lose for the Year ended March 31, 2089 partials [Revenue 11, other I 1p. Total Re’ 1, Expenses, Werenases of stock in-trade fs in inventories rom Operations (Net) come venue from Operations (1+ 11) ‘chang Cries Benefit Expenses | Finance Cost CS vepreciatin. and Amortisation expenses ae eo expenses Total expenses: ‘profit before tax (ll — IV) 4.95/00 | vie Taxexpenses: 2,15,633 | currentte eo vie Profit for the year (Y —W) 85,000 20,000 Less: Call in Arrears 89,367 Total 705,000 > ‘Reser and Surplus aoe Reserve Fund pa LAccount: ing Balance 35,000 9,30,000 ds Profit from statement OF profit andtoss _1:40,000 2/00,000 nae unt available fr appropriations 4,485,000 Less: Appropriations: 0,000 Interim Dividend 20,000 95,000 proposed Dividend 74,250 Nil Dividend Distribution Tax at 20.36% 409,367 Nil ‘Total Reserves and Surplus | a sagem fp 3 Lone Term Borrowings 13,05,000 10% Debentures TotalTS RTO MEPL 's2, Finance Costs 4, Trade Payables na Creditors ; 40, Debentures interest paid Li rena ae Debentures Interest outstand oI 5, Other Current Labiites os Tonal ‘Outstanding Debenture interest 20m 43. Depreciation and Amortsa ve 70,008 Depreciation on Tangbe ss os Total 6. Short-term Provisions Proposed for Dividend 74.0% | 44, Other Expenses ‘Corporate Dividend Tax 45,19 Bad Debts al rn ‘Add: Reserve for Doubtful 7, Fixed Assets 1 Particulars Gross Block | Depreciation + Ret Bloc ess: Od Reserve for Dov Tanglable assets basa Premises 7,50,000 = 750.0 Gat machinery 180,000 15,000 435,000 premier Company 26. 000 ’ ner Company Ud. Furniture 50, 5,000 45,000 Its trial balance on. Sub Total 950,000 20,000 +9,30,000 Intangible Assets a Good 2,00,000 - 200,000 Plant and Machinery Jb Total = Interim Dividend (nc Sub Tota 2,00,000_| 2,00,000 Stock (1.4.2018) 8, Inventories Fixtures Closing Stock Debtors Gooxtait Tol Cash in hand 9. Trade Receivables Cash at Bank Detors Purchases Less: Reserve for Doutbful Debts Lal teaail Bills Receivables ee General expenses Total Freight and Carri Salaries 10, Cash and Cash Equivalents Directors Fees 11. Employee benefit expenses Bad Debts Wages Debenture intere Salaries Called up capital 6% Debentures ‘Toal Profit & Loss Ac Bills payable Creditors Sales ma42. Finance Costs Debentures Interest paid Debentures Interest outstanding 20,000 Total , 43. Depreciation andAmortisation 20,000 Depreciation on Tangible Assets ‘Total 20,000 14, omer Expenses [20.000 Bad Debts ‘dd: Reserve for Doubtful Debts in Less: Old Reserve for Doubtful Debts ‘00 pital of & 6,00,000 in equity share of & 10/each. iow: | e Calls in Arrears i 7,500 Premises i Plant and Machinery 3 Soson0 Interim Dividend (including Corporate Dividend Tax) "37,500 Stock (1.4.2018) 75,000 Fixtures 7,200 Debtors 25,000 Cash in hand 70 Cash at Bank #00 Purchases 1,85/000 Preliminary Expenses 5,000 Wages 84,865, General expenses 16,835 Freight and Carriage 13,115 Salaries 14,500 Directors Fees 5,725 Bad Debts 2,100 Debenture interest paid Soa Called up capital £00,000 6% Debentures ere Profit & Loss Account (1.4.2018)(Cr.) 450 Bills payable sm She 4,15,000‘General Reserve Bad debts provision (1.4,2018) Adjustments ‘Depreciate pant andmachinery by 176 Wite off preliminary expenses €500- Provide for debenture interest due 39 ‘Statement of Prot |e eenue or Operators We 1 eSeher Income Or the debtor 500 are further bad fh. Total Revenue from Opera Ofte deb Tone (or doubt debts at 5k on DEPOT: | We expenses Closing stock 295,000. ' of Stock in-trade 5 ttrent of oft and Lasfor the ear ended arch 2019 andBalancesheety__Ghanges n inventories con thet gate as per companies Law Act 2013- | Cpoyee Benet Expenses Finance Cost Premier Company Limited | Depreciation and Amortisat Balance Sheet as at March 31, 2019 Gener expenses a Note No. ‘Totalexpenses: Porters 1 profit before tax (=| ZEQUITYAND LIABILITIES v Prox expenses: Shareholders’ Funds Nsrent Share capital 1 3,92,500 Reserves and surplus 2 eras | Wi-Profitfor the year (V Non-current Liabilities Earnings per equity share Long-term borrowings 3 3,00,000 | (Profit forthe year + No. Current Liabilities Race cop Notes: Short-term Borrowing — | 4, Share Capital ‘Trade payables 4 88,000 ‘authorised capital Other current liabilities 5 9,000 short-term provisions é a Issued, subscribes J] Less: Call in Arree ‘Total 8,51,535 | ‘ASSETS ate Total Non-current Assets 2, Reserves and Su Fixed assets 7 General Reserve Tangible Assets P& LAccount: Intangible Assets Opening Balanc: a ‘Non-current Investment Add: Profit fro Other Non-current Assets (Preliminary Expenses) Amount avail Current Assets ‘Less: Appropr i Inventories : Interim Divide Trade Receivables 9 Total Reserv Cash and cash equivalents 10 3. Long Term 6 Short-term Loans and Advances 6% Debentur Total Total_ statement of Profit and toss arte Yar ted ea ened March 31,2019 particulars. | erenue rom Operations (Net) 1 eaner income a iu, Total Revenue from Operations (1+ It ee tv. Expens 4,145,000. tpseres pases of stockin-trade Vs e sheet ag changes in inventories 4,85,000 Employee Benefit Expenses Finance Cost “ weciation and Amortisation expenses % _ oper epenses 8 | Fo Totalexpenses: j__* |, profit before tax (i) : | vi Taxexpenses: ssn EO 62,035 vi. Profit for the year (V—VI) Earnings per equity share: 3,00,000 (Profit for the year + No. of Equity ‘shares) Notes: — 4, Share Capital 88,000 Shit rised capital 60,000 Equity shares of< 10 each any \equed, subscribed capital 40,000 shares of& 10 each t-a57535 5 Less: Call in Arrears 51,535 Total 2. Reserves and Surplus General Reserve | P@LAccount: | ose on Opening Balance 14,500 “Nil had: Profit from Statement of Profit and Loss 42500 “Amount available for appropriations 74,535 : Less: Appropriations: an Interir ic ——, 95,000 im Dividend Total Reserves and Surplus 3. Long Term Borrowings 6% Debentures TotalTrade Payables creditors pil Payable otal wal 5. other Current Libiites simp gs peoreton nator SatancingDebenture Interest 2 Depron on Tangible ss wal -—"S ‘otal 6. Short-term Prowsions 4, other Expenses 7, Fhend Assets ame ee, Particulars Gross Block_| Depreciation let Bloc Fright and Carriage et | director's Fees an le 300,000 = 3,00,00) | Preliminary Expenses Rete Machine 3,30,000 33,000 2,97, | Bad DeDts Forres 7,200, = 7.200 ads New BEE sub Total 6,37,200 33,000 6,04,200 ‘Add: New Reserve fF Tangible Assets acs Less: Old Reserve for De Coot 25,000 5 elt Sub Total 25,000 Soul sae ‘5, Inventories ‘Sunrise Company Us Closing Stock 95,000 5,000 equity shares pall aainon following edge 9. Trade Receivables stock (14.2018) Debtors 87,000 Sales Less: Bad Debts 500 Purchases 36,500 Wages Less: New Reserve for Doubtful Debts 435 82,175 Discount allowed Bills Receivables - Discount received Insurance patd (u Total 82,175 capris 40. Cash and Cash Equivalents Rent CCash in Hand 760 General expens Cash at Bank 39,900 Profit & Loss A Total a Printing and St 40,660 ‘Advertisement 11, Employee benefit expenses ‘Bonus ee 84,865, Debtors i laries 14500 Creditors Total ee Plant and Ma 99,365, Furniture Cash at Banfa. Finance Costs ures interest Paid Peentures interest outstanding ‘ual 4 jation and Amortisation Expenses |__18,000_ Depreciation on Tangible Assets a = 33,000 14, other Expenses |_33,000 General Expenses Segre and Carriage 1835 Director's Fees Re preliminary Expenses Return off "500 2,97,000 pedDebts| sie 7,200 Add: New Bad Debts ned 6,04,200 ‘Add: New Reserve for Doubtful Debts 4335 a 35 | — Less: Old Reserve for Doubtful Debts 37500 3405, 4 39,600 25,000 sunrise Company Ltd. is a company with an authorised capital of € 5,00,000 divided into 95,000 $000 equity shares of & 100 each, 2,500 shares were called and fully paid, gives you the following ledger balances as on 31.3.2019, 95,000 * Stock (14.2018) 50,000 sales 4,25,000 2A] Purchases 3,00,000 Wages 70,000 82,175 Discount allowed 4,200 Discount received 3,150 Insurance paid (up to 30.06.2018) 670 82,175 Salaries 18,500 Rent 6,000 General expenses 8,950 Profit & Loss Account (Cr) 6,220 Printing and Stationery ‘200 Advertisement 3,800 Bonus 410,500 Debtors 2,700 35,200 Creditors Rey Plant and Machinery a0 Furi A urniture es Cash at Bank