From the following information prepare the balance sheet of Jam Ltd. as per the (revised) Schedule VI:
Inventories Rs. 7,00,000; Equity Share Capital Rs. 16,00,000; Plant and Machinery Rs. 8,00,000; Preference Share Capital Rs. 6,00,000; General Reserves Rs. 6,00,000; Bills payable Rs. 1,50,000; Provision for taxation Rs. 2,50,000; Land and Building Rs. 16,00,000; Noncurrent Investments Rs. 10,00,000; Cash at Bank Rs. 5,00,000;Creditors Rs. 2,00,000; 12% Debentures Rs. 12,00,000.
From the following information prepare the balance sheet of Jam Ltd. as per the (revised) Schedule VI:
Inventories Rs. 7,00,000; Equity Share Capital Rs. 16,00,000; Plant and Machinery Rs. 8,00,000; Preference Share Capital Rs. 6,00,000; General Reserves Rs. 6,00,000; Bills payable Rs. 1,50,000; Provision for taxation Rs. 2,50,000; Land and Building Rs. 16,00,000; Noncurrent Investments Rs. 10,00,000; Cash at Bank Rs. 5,00,000;Creditors Rs. 2,00,000; 12% Debentures Rs. 12,00,000.
Balance Sheet
as at March 31, 2013
Particulars
Note No.
Amount
(Rs)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
1
22,00,000
b. Reserves and Surplus
2
6,00,000
2. Non-Current Liabilities
a. Long-term Borrowings
3
12,00,000
3. Current Liabilities
a. Short-term Borrowings
b. Trade Payables
4
3,50,000
c. Short-term Provisions
5
2,50,000
Total
46,00,000
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets
6
24,00,000
b. Non-Current Investments
10,00,000
2. Current Assets
a. Inventories
7,00,000
b. Cash and Cash Equivalents
7
5,00,000
Total
46,00,000
Notes to Accounts
Particulars
Amount
(Rs)
1. Share Capital
Equity Share Capital
16,00,000
Preference Share Capital
6,00,000
22,00,000
22,00,000
2.Reserve and Surplus
General Reserve
6,00,000
3. Long Term Borrowings
12% Debentures
12,00,000
4. Trade Payables
Creditors
2,00,000
Bills Payable
1,50,000
3,50,000
3,50,000
5. Short-Term Provisions
Provision for Taxation
2,50,000
6. Tangible Assets
Land and Building
16,00,000
Plant and Machinery
8,00,000
24,00,000
24,00,000
7. Cash and Cash Equivalents
Bank
5,00,000
|
Balance Sheet as at March 31, 2013 |
||
|
Particulars |
Note No. |
Amount (Rs) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
a. Share Capital |
1 |
22,00,000 |
|
b. Reserves and Surplus |
2 |
6,00,000 |
|
2. Non-Current Liabilities |
|
|
|
a. Long-term Borrowings |
3 |
12,00,000 |
|
3. Current Liabilities |
|
|
|
a. Short-term Borrowings |
|
|
|
b. Trade Payables |
4 |
3,50,000 |
|
c. Short-term Provisions |
5 |
2,50,000 |
|
Total |
|
46,00,000 |
|
|
|
|
|
II. Assets |
|
|
|
1. Non-Current Assets |
|
|
|
a. Fixed Assets |
|
|
|
i. Tangible Assets |
6 |
24,00,000 |
|
b. Non-Current Investments |
|
10,00,000 |
|
2. Current Assets |
|
|
|
a. Inventories |
|
7,00,000 |
|
b. Cash and Cash Equivalents |
7 |
5,00,000 |
|
Total |
|
46,00,000 |
|
|
|
|
|
Notes to Accounts |
||||
|
Particulars |
Amount (Rs) |
|||
|
1. Share Capital |
|
|||
|
Equity Share Capital |
16,00,000 |
|
||
|
Preference Share Capital |
6,00,000 |
22,00,000 |
||
|
|
22,00,000 |
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|
|
|
|||
|
2.Reserve and Surplus |
|
|||
|
General Reserve |
6,00,000 |
|||
|
|
|
|||
|
3. Long Term Borrowings |
|
|||
|
12% Debentures |
12,00,000 |
|||
|
|
|
|||
|
4. Trade Payables |
|
|||
|
Creditors |
2,00,000 |
|
||
|
Bills Payable |
1,50,000 |
3,50,000 |
||
|
|
3,50,000 |
|||
|
|
|
|||
|
5. Short-Term Provisions |
|
|||
|
Provision for Taxation |
2,50,000 |
|||
|
|
|
|||
|
6. Tangible Assets |
|
|||
|
Land and Building |
16,00,000 |
|
||
|
Plant and Machinery |
8,00,000 |
24,00,000 |
||
|
|
24,00,000 |
|||
|
|
|
|||
|
7. Cash and Cash Equivalents |
|
|||
|
Bank |
5,00,000 |
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|
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