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

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Solution

Balance Sheet

as on March 31, 2019

Liabilities

Amount

(₹)

Assets

Amount

(₹)

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

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

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

	₹		₹
Equity Share Capital	20,00,000	Surplus, i.e., Balance in Statement of Profit and Loss (Cr.)	3,00,000
12% Preference Share Capital	10,00,000	Stock	6,00,000
Fixed Assets (At cost)	46,60,000	Sundry Debtors	8,00,000
Accumulated Depreciation	16,60,000	Cash	1,50,000
Investments	4,00,000	Loans and Advances	50,000
Current Liabilities	8,00,000	Provision for Taxation	2,00,000
12% Debentures	6,00,000	Workmen Compensation Reserve	1,00,000

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