Q.1 The following information regarding Maruti car Ltd. for the year ended 31st March.

2017 is
given to you.
Rs.

Sales 75,00,00 Computer Repairs and 84,000

0 Maintenance

Purchases 50,00,00 Rent, Rates, Taxes 4000

0

Opening Stock 5,00,000 Printing and Stationery 400

(01/04/2016)

Closing Stock (31/03/2017) 7,50,000 Bad Debts 75,750

Return Inward 75,000 Purchase of Computer 40,000

Carriage Outward 57,000 Dividend on Shares (Cr) 10,000

Carriage Inward 50,000 Staff Welfare Expenses 44,000

Return Outward 50,000 Interest (Dr.) 50,000

Salesmen Salary 75,000 Loss on Sales of Shares 1,25,00

0

Advertising and Publicity 2,52,000 Office Salary 4,00,00

0

Salesmen Travelling 7,500

Allowance

Rearrange above information in Vertical Form suitable for analysis.

Q2 You are required to present the above Balance Sheet in vertical form.

Equity share capital 2,50,000 Land & Building at cost 2,50,000

12% Preference share capital 1,00,000 Plant & Machinery at cost 1,30,000

13.5% Secured debentures 1,00,000 Furniture & Fixtures at cost 40,000

Investment allowance reserve 15,000 Stock in trade 1,10,000

General reserve 35,000 Sundry debtors 1,42,000

Profit & Loss A/c 25,000 Patents, trademarks & Designs 35,000

Proposed dividend 37,000 Loose tools 10,000

Unclaimed dividend 5,000 Cash & Bank balances 45,000

Sundry creditors 83,000 Marketable investments 45,000

Secured loan 87,000 Prepaid expenses 15,000

Bank overdraft 25,000 Temporary advances 12,000

Provision for depreciation 35,000 Preliminary expenses 20,000

Provision for taxation 45,000

Provision for doubtful debts 12,000  

  8,54,000   8,54,000