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प्रश्न
Axis Ltd. has the following balances on 1st April, 2022:
| ₹ | |
| Statement of Profit & Loss | 3,00,000 |
| Debenture Redemption Reserve | 5,00,000 |
| General Reserve | 7,00,000 |
| Securities Premium | 2,00,000 |
It earned a profit of ₹ 6,00,000 for the year ended 31st March, 2023. It decided to transfer ₹ 3,00,000 towards General Reserve and ₹ 2,50,000 towards Debenture Redemption Reserve.
Directors proposed a final dividend of ₹ 80,000.
Show how these items will appear in the Balance Sheet and notes to accounts.
खातेवही
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उत्तर
| Balance Sheet of Axis Ltd. as at 31st March, 2023. | |||
| Particulars | Note No. | Current Year (₹) | Previous Year (₹) |
| I. EQUITY AND LIABILITIES: | |||
| 1. Shareholders’ Funds: | |||
| (a) Share Capital | - | - | |
| (b) Reserves & Surplus | 1 | 23,00,000 | 17,00,000 |
Notes to Accounts:
Note 1: Reserves & Surplus
| Particulars | Current Year (₹) | Previous Year (₹) |
| Securities Premium | 2,00,000 | 2,00,000 |
| General Reserve | 10,00,000 | 7,00,000 |
| Debenture Redemption Reserve | 7,50,000 | 5,00,000 |
| Surplus i.e. Balance in Statement of Profit & Loss: | ||
| – Balance as per last Balance Sheet | 3,00,000 | 3,00,000 |
| – Add: Profit for the year | 6,00,000 | |
| – Less: Transfer to General Reserve | (3,00,000) | |
| – Less: Transfer to DRR | (2,50,000) | |
| Balance carried forward | 3,50,000 | 3,00,000 |
| Total (Reserves & Surplus) | 23,00,000 | 17,00,000 |
Working note:
General Reserve:
= 7,00,000 + 3,00,000
= ₹ 10,00,000
Debenture Redemption Reserve:
= 5,00,000 + 2,50,000
= ₹ 7,50,000
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