Question - 02

From the following information extracted from the books of Ritu Ltd. prepare a balance sheet of the company as at 31st March, 2016 as per schedule-III of the companies Act, 2013:

Long term Borrowings Rs. 10 Lakh, Fixed Assets (Tangible) Rs. 16 Lakh, Trade payable Rs. 60,000, Inventories Rs. 40,000, Share Capital Rs. 8 Lakh, Trade Receivable Rs. 1,60,000, Reserve and surplus Rs. 1,80,000, Cash and cash equivalents Rs. 2,40,000.

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