Q19- 21BSP0930

PA SHISHANKI SINGH

`Particulars Note No.

Amount (Rs.)
I.EQUITY AND LIABILITIES
1 Shareholders’ funds:
(a) Share capital 52,00,000
(b) Reserves and surplus 1 1,02,980
2 Share application money pending allotment: Nil
3 Non-current liabilities:
(a) Long-term borrowings 8,00,000
(b) Long-term provisions 6,00,000
4 Current liabilities:
(a) Short-term borrowings 4,90,200
(b) Trade payables 2 1,85,120
(c) Other current liabilities 64,800
(d) Short-term provisions 1,64,000
TOTAL 76,07,100
II.ASSETS
1.Non-current assets:
(a)Fixed assets
(i) Tangible assets 3 48,59,940
(ii) Intangible assets 10,00,000
(b) Other non-current assets
25,000

2 . Current assets:
(a) Current investments 3,36,000
(b) Inventories
3,55,600
(c) Trade receivables
3,66,240
(d) Cash and cash equivalents 3,14,320
(e) Short-term loans and advances 3,00,000
(f) Other current assets 50,000
TOTAL 76,07,100
Solution: Notes to the Financial Statement:
1. Reserve and Surplus
Capital Reserve
Profit & Loss A/c (Cr. Bal.)
Total
2. Trade Payables
Sundry creditors
Bills payable
Total
3. Tangible Fixed Assets
Premises
Furniture & Fixture
Total
 60,000
42,980
1,02,980

1,00,020
85,100
1,85,120

41,09,940
7,50,000
48,59,940