Question - 15

Prepare the balance sheet of the Rachna Ltd. as at 31st March, 2018 as per schedule III part- I of the companies Act, 2013 on the basis of the following information.

(i) Share capital Rs. 5,00,000

(ii) 12% Debentures Rs. 2,50,000

(iii) Proposed dividend Rs. 25,000

(iv) Machinery Rs. 4,50,000

(v) Work in progress Rs. 2,00,000

(vi) Securities premium reserve Rs. 50,000 

(vii) Trade payable Rs. 1,00,000

(viii) Balance of statement of profit & loss (Dr.) Rs. 25,000

(ix) Govt. Bond Rs. 2,00,000

(x) Cash and Cash Equivalents Rs. 50,000

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