MENU
Question -

Prepare the balance sheet of Jyoti Ltd. as at March 31, 2017 from the following information:

Building Rs. 10,00,000; Investments in the shares of Metro Tyers Rs. 3,00,000; Stores & Spares Rs. 1,00,000; Discount on issue of 10% debentures Rs. 10,000; Statement of Profit and Loss (Dr.) Rs. 90,000; 5,00,000 Equity Shares of Rs. 20 each fully paid-up; Capital Redemption Reserve Rs. 1,00,000; 10% Debentures Rs. 3,00,000; Unpaid dividends Rs. 90,000; Share options outstanding account Rs. 10,000.



Answer -

Balance Sheet

as at March 31, 2017

Particulars

Note No.

Amount 

(Rs)

I. Equity and Liabilities

 

 

1. Shareholders’ Funds

 

 

a. Share Capital

1

10,00,000

b. Reserves and Surplus

2

10,000

2. Non-Current Liabilities

 

 
  1. Long-term Borrowings

3

3,00,000

3. Current Liabilities

 

 
  1. Other Current Liabilities

4

1,00,000

Total

 

14,10,000

 

 

 

II Assets

 

 

1. Non-Current Assets

 

 

     a. Fixed Assets

 

 

       i. Tangible Assets

5

10,00,000

     b. Non-Current Investments

6

3,00,000

2. Current Assets

 

 

     a. Inventories

7

1,00,000

     b. Other Current Assets

8

10,000

Total

 

14,10,000

 

 

 

 

Notes to Accounts

Particulars

Amount

(Rs)

1.Share Capital

 

Equity Share Capital (50,000* shares of Rs 20 each)

10,00,000

 

 

2.Reserve and surplus

 

Capital Redemption Reserve

1,00,000

 

Less: Statement of Profit or Loss (Debit)

90,000

10,000

 

10,000

3. Long-term Borrowings

 

10% Debentures

3,00,000

 

 

4. Other Current Liabilities

 

Unpaid Dividend

90,000

 

Share Option Outstanding

10,000

1,00,000

 

1,00,000

 

 

5. Tangible Assets

 

Building

10,00,000

 

 

6. Non-Current Investments

 

Shares of Metro Tyres

3,00,000

 

 

7. Inventory

 

Stores and Spares

1,00,000

 

 

8. Other Current Assets

 

Discount on Issue of 10% Debentures

10,000

 

 

 

Comment(S)

Show all Coment

Leave a Comment

Free - Previous Years Question Papers
Any questions? Ask us!
NodeJS Interview Questions Answers
ASP.Net Interview Questions Answers
Interview Questions Answers
×