Question

Show the following items in a Company's Balance Sheet as at 31st March, 2017:

$\begin{array}{cc}& \text{Rs.}\\ \text{Trade Receivables}& 6,00,000\\ \text{Inventories}& 10,00,000\\ \text{Cash}& 20,000\\ \text{Marketable Securities}& 1,00,000\\ \text{Bank Overdraft}& 1,50,000\end{array}$

Answer 1

EXTRACT OF BALANCE SHEET
as at 31st March, 2017

$\begin{array}{cccc}\text{Particulars}& \text{Note}& 31-3-2017& 31-3-2016\\ & \text{No}& & \\ \text{I. EQUITY AND LIABILITIES :}& & \text{Rs.}& \text{Rs}\\ \text{1. Current Liabilities :}& & & \\ \text{(a) Short-term Borrowings}& 1& 1,50,000& \\ \text{II. ASSETS :}& & & \\ \text{1. Current Assets}& & & \\ {\text{(a) Inventories}}^{\ast }& & 10,00,000& \\ \text{(b) Trade Receivables}& & 6,00,000& \\ \text{(c) Cash and Cash Equivalents}& 2& 1,20,000& \end{array}$

$\ast$ Inventories will be shown prior to Trade Receivables.

Notes to Accounts :

$\begin{array}{cc}& \text{Rs.}\\ \text{(1) Short-term Borrowings :}& \\ \text{Bank Overdraft}& \underset{–}{\underset{–}{1,50,000}}\\ \text{(2) Cash and Cash Equivalents :}& \\ \text{Cash}& 20,000\\ \text{Marketable Securities}& \underset{–}{1,00,000}\\ & \underset{–}{\underset{–}{1,20,000}}\end{array}$