The Total solution for NCERT class 6-12
Extract of Balance Sheet
as at March 31, 2017
Particulars
Note No.
Amount
(Rs)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
1
5,000
b. Reserves and Surplus
2
4,200
2. Non-Current Liabilities
a. Long-term Borrowings
3
3,000
3. Current Liabilities
2,500
Total
14,700
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets
4
8,300
2. Current Assets
a. Cash and Cash Equivalents
5
6,100
b. Other Current Assets
6
300
Notes to Accounts
1. Share Capital
6% Preference Share Capital
2.Reserve and Surplus
General Reserve
Statement of Profit or Loss
1,200
3.Long Term Borrowings
10% Debentures
4. Tangible Assets
Fixed Assets
9,000
Less: Depreciation
700
5.Cash and Cash Equivalents
Cash
6. Other Current Assets
Preliminary Expenses