Question - 19

Prepare a balance sheer of Black Swan Ltd. as at March 31, 2013 as per the provision of schedule VI of the companies Act, 1956 from the following information:

General reserve Rs. 3,000; 10% Debentures Rs. 3,000; Balance in statement of profit and loss Rs. 1,200; Depreciation on fixed assets Rs. 700; Gross Block Rs. 9,000; Current liabilities Rs. 2,500; Preliminary Expenses Rs. 300 10% preference share capital Rs. 5,000; Cash and Cash equivalents Rs. 6,100.

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