From the following information extracted from the books of Howrach Ltd., prepare Balance Sheet of the company as at 31st March, 2019 as per Schedule III of the Companies Act, 2013:

(₹ in '000) (₹ in '000)

Long-term Borrowings 1,000 Fixed Assets (Tangible) 1,600

Trade Payable 60 Inventories 40

Share Capital 800 Trade Receivables 160

Reserves and Surplus 180 Cash and Cash Equivalents 240

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Solution

Balance Sheet of Howrach Ltd.

as at March 31, 2019

Particulars

Note No.

Amount

(₹ in ‘000)

I. Equity and Liabilities

1. Shareholders’ Funds

a. Share Capital

800

b. Reserves and Surplus

180

2. Non-Current Liabilities

Long-term Borrowings

1,000

3. Current Liabilities

Trade Payables

60

Total

2,040

II. Assets

1. Non-Current Assets

Fixed Assets (Tangible Assets)

1,600

2. Current Assets

Inventories

40

Trade Receivables

160

Cash and Cash Equivalents

240

Total

2,040

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Q. The following balances have been extracted from the books of Vanity Ltd. as at 31

^{s t}

March, 2017:
Trial Balance as at 31

^{s t}

March, 2017

Particulars	Debit (Rs.)	Credit (Rs.)
Equity Share Capital ( $5, 000$ share of $R s . 100$ each fully paid)		$5, 00, 000$
Fixed Assets	$7, 30, 000$
Reserves Surplus		$2, 00, 000$
Inventories	$50, 000$
Cash and Bank Balances	$1, 70, 000$
Creditors		$40, 000$
Bill Payable		$20, 000$
Underwriting Commission on issue of shares	$10, 000$
$5 %$ Debentures ( $\frac{1}{5}$ of the Debentures to be redeemed on 31 $^{s t}$ March, 2018)		$2, 00, 000$
Proposed Dividend		$12, 000$
Interest accrued and due on $5 %$ Debentures		$8, 000$
Trade Receivables	$20, 000$
TOTAL	$¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 9, 80, 000 - -------- -$	$¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 9, 80, 000 - -------- -$

You are required to prepare as at 31

^{s t}

March, 2017:
(i) The Balance Sheet of Vanity Ltd. as per Schedule III of the Companies Act, 2013
(ii) Notes to Accounts.

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Following is the Balance Sheet of Raj Oil Mills Limited as at March 31, 2017. Calculate Current Ratio.

Particulars	(Rs)
I. Equity and Liabilities:
1. Shareholders’ funds
a) Share capital	7,90,000
b) Reserves and surplus	35,000
2. Current Liabilities
a) Trade Payables	72,000
Total	8,97,000
II. Assets
1. Non-current Assets
a) Fixed assets
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2. Current Assets
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b) Trade Receivables	28,800
c) Cash and cash equivalents	59,400
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	(₹ in '000)		(₹ in '000)
Long-term Borrowings	1,000	Fixed Assets (Tangible)	1,600
Trade Payable	60	Inventories	40
Share Capital	800	Trade Receivables	160
Reserves and Surplus	180	Cash and Cash Equivalents	240

Balance Sheet of Howrach Ltd. as at March 31, 2019
Particulars	Note No.	Amount (₹ in ‘000)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital		800
b. Reserves and Surplus		180
2. Non-Current Liabilities
Long-term Borrowings		1,000
3. Current Liabilities
Trade Payables		60
Total		2,040
II. Assets
1. Non-Current Assets
Fixed Assets (Tangible Assets)		1,600
2. Current Assets
Inventories		40
Trade Receivables		160
Cash and Cash Equivalents		240
Total		2,040