The Total solution for NCERT class 6-12
Particulars
Rs.
Preliminary Expenses
2,40,000
Good will
30,000
Discount on issue of shares
20,000
Loose tools
12,000
10% Debentures
2,00,000
Motor Vehicles
4,75,000
Stock in Trade
1,40,000
Provision for tax
16,000
Cash at bank
1,35,000
Bills receivable
1,20,000
Extract of Balance Sheet
as at March 31, 2013
Note No.
Amount
(Rs)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
b. Reserves and Surplus
2. Non-Current Liabilities
1
3. Current Liabilities
b. Short-term Provisions
2
II. Assets
1. Non-Current Assets
i. Tangible Assets
3
ii. Intangible Assets
4
b. Non-Current Investments
2. Current Assets
5
1,52,000
b. Trade Receivables
6
c.Cash and Cash Equivalents
7
d. Other Current Assets
8
2,60,000
Notes to Accounts
1. Long Term Borrowings
2. Short Term Provisions
Provision for Tax
3. Tangible Assets
4. Intangible Assets
Goodwill
5. Inventory
Loose Tools
Stock
6. Trade Receivables
Bill Receivable
7. Cash and Cash equivalents
Cash at Bank
8. Other Current Assets
Discount on Issue of Shares