Question - 16

From the following information prepare the balance sheet of Gitanjali Ltd. as per the (Revised) schedule VI :

Inventories Rs. 14,00,000; Equity share capital Rs. 20,00,000; Plant and Machinery Rs. 10,00,000; Preference share capital Rs. 12,00,000; Debenture redemption reserve Rs. 6,00,000; Outstanding expenses Rs. 3,00,000; Proposed dividend Rs. 5,00,000; Land and Building Rs. 20,00,000; Current Investments Rs. 8,00,000; Cash equivalent Rs. 10,00,000; Short-term loan from Zaveri Ltd. (A subsidiary company of twlight Ltd.) Rs. 4,00,000; Public Deposits Rs. 12,00,000.

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