Question - 09

Prepare comparative Balance Sheet of a company from the following informations:

31.12.2014

Equity and liabilities :- 

  1. Shareholders Fund: (Share capital Rs. 18,00,000)
  2. Non- current liabilities : (Long term Borrowings Rs. 6,00,000)
  3. Current liabilities : (Trade payable Rs. 6,00,000) = 30,00,000.
Assets :- 
  1. Non- Current Assets (Fixed Assets: Tangible Assets Rs.18,00,000)
  2. Current Assets:(a. Trade receivable Rs. 10,00,000, Cash and Cash Equivalents Rs. 2,00,000) = 30,00,000. 

31.12.2014

Equity and liabilities :- 

  1. Shareholders Fund: (Share capital Rs. 12,00,000)
  2. Non- current liabilities : (Long term Borrowings Rs. 6,00,000)
  3. Current liabilities : (Trade payable Rs. 3,00,000) = 21,00,000.
Assets :- 

  1. Non- Current Assets (Fixed Assets: Tangible Assets Rs.15,00,000)
  2. Current Assets:(a. Trade receivable Rs. 5,00,000, Cash and Cash Equivalents Rs. 1,00,000) = 21,00,000. 

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