From the following particular, prepare Balance Sheet as at 31st March, 2018:

Dr.

(₹)

Cr.

(₹)

Capital
…

4,00,000

Drawings
44,000

…

Debtors and Creditors
64,000

42,000

Cash in Hand
3,600

…

Cash at Bank
72,000

…

Plant
1,00,000

…

Furniture
37,000

…

Net Profit
…

16,600

General Reserve
…

10,000

Closing Stock
1,48,000

…

Total

4,68,600

4,68,600

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Solution

Balance Sheet

as on March 31, 2018

Liabilities

Amount

(Rs)

Assets

Amount

(Rs)

Capital

4,00,000

Plant

1,00,000

Less: Drawings

(44,000)

Furniture

37,000

Add: Net Profit

16,600

3,72,600

Closing Stock

1,48,000

General Reserve

10,000

Debtors

64,000

Creditors

42,000

Cash at Bank

72,000

Cash in Hand

3,600

4,24,600

4,24,600

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Similar questions

Q. From the following particulars, prepare Balance Sheet as at 31st March, 2019:

	Dr. (₹)	Cr. (₹)
Capital	…	4,00,000
Drawings	44,000	…
Debtors and Creditors	64,000	42,000
Cash in Hand	3,600	…
Cash at Bank	72,000	…
Plant	1,00,000	…
Furniture	37,000	…
Net Profit	…	16,600
General Reserve	…	10,000
Closing Stock	1,48,000	…
Total	4,68,600	4,68,600

Q. From the following Balance Sheet of H.P. Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital:
(i) Equity Share Capital		12,50,000	5,00,000
(ii) Preference Share Capital		2,50,000	2,50,000
(b) Reserves and Surplus		3,00,000	4,50,000
2. Non-Current Liabilities
Long-term Borrowings: 12% Debentures		9,50,000	5,50,000
Loan from Directors		2,50,000	2,00,000
3. Current Liabilities
(a)Short-term Borrowings		3,50,000	1,75,000
(b) Trade Payables		2,00,000	1,00,000
(c) Short-term Provisions		50,000	25,000
Total		36,00,000	22,50,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets (Tangible)		22,50,000	15,00,000
2. Current Assets
(a) Inventories		4,50,000	2,50,000
(b) Trade Receivables		8,00,000	4,50,000
(c) Cash and Cash Equivalents		1,00,000	50,000
Total		36,00,000	22,50,000

Q. From the following Balance Sheet of Depth Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital		2,80,000	1,80,000
(b) Reserves and Surplus		1,00,000	1,00,000
2. Non-Current Liabilities
Long-term Borrowings		80,000	20,000
3. Current Liabilities
Trade Payables		50,000	30,000
Total		5,10,000	3,30,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets		2,80,000	1,80,000
(ii) Intangible Assets		50,000	30,000
(b) Non-Current Investments		80,000	50,000
2. Current Assets
(a) Inventories		70,000	30,000
(b) Cash and Cash Equivalents		30,000	40,000
Total		5,10,000	3,30,000

Q. Prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at that date from the following Traial Balance:

Particulars		Dr. (₹)	Cr. (₹)
Capital	................................................................................	…	1,00,000
Cash	................................................................................	15,000	…
Bank Loan	................................................................................	…	20,000
Purchases	................................................................................	1,20,000	…
Sales	................................................................................	…	1,50,000
Sales Return	................................................................................	10,000	…
Purchases Return	................................................................................	…	20,000
Establishment Expenses	................................................................................	22,000	…
Taxes and Insurance	................................................................................	5,000	...
Bad Debts	................................................................................	5,000	…
Provision for Doubtful Debts	................................................................................	…	7,000
Debtors	................................................................................	50,000	…
Creditors	................................................................................	…	20,000
Commission	................................................................................	…	5,000
Deposits	................................................................................	40,000	…
Opening Stock	................................................................................	30,000	…
Drawings	................................................................................	14,000	…
Furniture	................................................................................	6,000	…
Bills Receivable	................................................................................	32,000	…
Bills Payable	................................................................................	…	25,000
Input CGST	................................................................................	10,000	...
Input SGST	................................................................................	10,000	…
Output CGST	................................................................................	…	8,000
Output SGST	................................................................................	…	8,000
Output IGST	................................................................................	…	6,000
Total		3,69,000	3,69,000

Adjustments:
(i) Salaries ₹ 1,000 and Taxes ₹ 2,000 are outstanding but Insurance ₹ 500 is prepaid.
(ii) Commission ₹ 1,000 received in advance for the next year.
(iii) Interest ₹ 2,100 is to be received on Deposits and Interest and Bank Loan ₹ 3,000 is to be paid.
(iv) Provision for Doubtful Debts to be maintained at ₹ 10,000.
(v) Depreciate Furniture by 10%.
(vi) Stock on 31st March, 2018 is ₹ 45,000
(vii) A fire occurred on 1st April, 2018 destroying goods costing ₹ 10,000. These goods were purchased paying CGST and SGST @ 6% each.

Q. From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES 1. Shareholder's Funds
(a) Share Capital
Equity Share Capital		10,00,000	5,00,000
(b) Reserves and Surplus		1,00,000	1,00,000

2. Non-Current Liabilities
Long-term Borrowings		2,00,000	3,00,000

3. Current Liabilities
Trade Payables		2,00,000	1,00,000

Total		15,00,000	10,00,000

II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets		8,00,000	4,00,000
(ii) Intangible Assets		2,00,000	2,00,000
(b) Non-Current Investments		2,00,000	2,00,000

2. Current Assets
(a) Inventories		2,50,000	1,50,000
(b) Cash and Cash Equivalents		50,000	50,000
Total		15,00,000	10,00,000

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Balance Sheet as on March 31, 2018
Liabilities		Amount (Rs)	Assets	Amount (Rs)
Capital	4,00,000		Plant	1,00,000
Less: Drawings	(44,000)		Furniture	37,000
Add: Net Profit	16,600	3,72,600	Closing Stock	1,48,000
General Reserve		10,000	Debtors	64,000
Creditors		42,000	Cash at Bank	72,000
			Cash in Hand	3,600
		4,24,600		4,24,600