Show the following items in the balance sheet as per the provisions of the Companies Act, 2013 in Schedule III:

Particulars Rs. Particulars Rs.

Preliminary Expenses 2,40,000 Good will 30,000

Discount on issue of shares 20,000 Loose tools 12,000

10% Debentures 2,00,000 Motor Vehicles 4,75,000

Stock in Trade 1,40,000 Provision for tax 16,000

Cash at bank 1,35,000

Bills receivable 1,20,000

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Solution

Extract of Balance Sheet

as at March 31, 2013

Particulars

Note No.

Amount

(Rs)

I. Equity and Liabilities

1. Shareholders’ Funds

a. Share Capital

b. Reserves and Surplus

2. Non-Current Liabilities

Long-term Borrowings

1

2,00,000

3. Current Liabilities

Other Current Liabilities

b. Short-term Provisions
2

16,000

II. Assets

1. Non-Current Assets

Fixed Assets

i. Tangible Assets
3

4,75,000

ii. Intangible Assets
4

30,000

b. Non-Current Investments

2. Current Assets

Inventories

5

1,52,000

b. Trade Receivables
6

1,20,000

c.Cash and Cash Equivalents
7

1,35,000

d. Other Current Assets
8

2,60,000

Notes to Accounts

Particulars

Amount

(Rs)

1. Long Term Borrowings

10% Debentures

2,00,000

2. Short Term Provisions

Provision for Tax

16,000

3. Tangible Assets

Motor Vehicles

4,75,000

4. Intangible Assets

Goodwill

30,000

5. Inventory

Loose Tools

12,000

Stock

1,40,000

1,52,000

1,52,000

6. Trade Receivables

Bill Receivable

1,20,000

7. Cash and Cash equivalents

Cash at Bank

1,35,000

8. Other Current Assets

Preliminary Expenses

2,40,000

Discount on Issue of Shares

20,000

2,60,000

2,60,000

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Sales Return	3,000	Bad Debts	1,600	Cash in hand	400
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Particulars	Rs	Particulars	Rs	Particulars	Rs
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From the following ledger balances of Mr. Jaydeep you are required to prepare Trial Balance as on 31st March, 2012.

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P&L	17,500	20,000	Bills Receivables	20,000	50,000
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Proposed Dividend	8,500	20,050
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Particulars	Rs.	Particulars	Rs.
Preliminary Expenses	2,40,000	Good will	30,000
Discount on issue of shares	20,000	Loose tools	12,000
10% Debentures	2,00,000	Motor Vehicles	4,75,000
Stock in Trade	1,40,000	Provision for tax	16,000
Cash at bank	1,35,000
Bills receivable	1,20,000

Extract of Balance Sheet as at March 31, 2013
Particulars	Note No.	Amount (Rs)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
b. Reserves and Surplus
2. Non-Current Liabilities
Long-term Borrowings	1	2,00,000
3. Current Liabilities
Other Current Liabilities
b. Short-term Provisions	2	16,000

II. Assets
1. Non-Current Assets
Fixed Assets
i. Tangible Assets	3	4,75,000
ii. Intangible Assets	4	30,000
b. Non-Current Investments
2. Current Assets
Inventories	5	1,52,000
b. Trade Receivables	6	1,20,000
c.Cash and Cash Equivalents	7	1,35,000
d. Other Current Assets	8	2,60,000

Notes to Accounts
Particulars			Amount (Rs)
1. Long Term Borrowings
10% Debentures			2,00,000

2. Short Term Provisions
Provision for Tax			16,000

3. Tangible Assets
Motor Vehicles			4,75,000

4. Intangible Assets
Goodwill			30,000

5. Inventory
Loose Tools	12,000
Stock	1,40,000		1,52,000
			1,52,000

6. Trade Receivables
Bill Receivable			1,20,000

7. Cash and Cash equivalents
Cash at Bank			1,35,000

8. Other Current Assets
Preliminary Expenses		2,40,000
Discount on Issue of Shares		20,000	2,60,000
			2,60,000