from z premises at cost 4,50,000 wre Machinery at cost —3,49,160 tor Lorries at cost 73,000 Motery Debtors 1,21,780 eg Debts written off 2,850 ent, Rates and Taxes 28,400 ; 19,500 Cash in hand and at Bank 68,500 rs’ Fees 3,600 a ‘ 10,000 stock on 31-3-2020 1,14,600 ‘and Taxes paid in advance 7,980 salaries and Wages 32,000 pividends paid om: On Preference Shares On Equity Shares (Int Patents : ee TION 6. Following balances are extracted on 31st March, 2020 tye books of CBE BEE Ltd. : = Share Capital : 30,000, 7% Preference Shares of = 10 each 3,00,000 60,000 Equity Shares of = 10 each 6,00,000 Surplus A/e 16,240 Gross Profit for the year 246,640 Provision for doubtful debts 9,000 Sundry Creditors 1,29,640 Transfer Fees 10 Accrued Wages 12,840 Staff Benevolent Fund 17,900 c 13,32,270provide corporate dividend tax, iE BEE Ltd. STATEMENT OF PROFIT AND Loss ear ending 31st March, 2020 I Sotoh from (Gross P' an at permet iross Profit) mM ate IV. Expenses : oo oe Expense (Salaries & Wages) Beprton and Amortisation Expense Total Expenses V._ Profit for the year (III - IV) Bad Debts Provision for Doubtful Debts : Required Less : Old Provision CEE BEE Ltd. BALANCE SHEET as at 31st March, 2020 |. Equity and Liabilities (1) Shareholders’ Funds (a) Share Capital (0) Reserves and Surplus Totalee, (2) Current Liabilities nner: Trade Payables (Credit Other Current Lables (atcrued Wadd Total of Equity and Liabittios (1) 4 @) |. Assets i (1) Non-Current Assets () Tangible Assets (i Intangible Assets (2) Current Assets Inventories Trade Receivables 1,14,600 ‘Cash and Cash Equivalents 1,11,580 ‘Short-term Loans and Advances 5! Total of All Assets ‘Authorised 1,00,000 Shares of 7 10 each Issued, Subscribed and Paid-up Capital 60,000 Equity Shares of 7 10 each, fully paid up 30,000, 7% Preference Shares of 7 10 each, fully paid up 4,936,500 2,968,786