Question - 17

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

Inventories Rs. 7,00,000; Equity share capital Rs. 16,00,000; Plant and Machinery Rs. 8,00,000; Preference share capital Rs. 6,00,000; General Reserves Rs. 16,00,000; Bills payable Rs. 1,50,000; Provision for taxation Rs. 2,50,000; Land and Building Rs. 16,00,000; Non-current investments Rs. 10,00,000; Cash at Bank Rs. 5,00,000; Creditors Rs. 2,00,000; 12% Debentures Rs. 12,00,000.

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