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प्रश्न
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. 6,00,000; Bills payable Rs. 1,50,000; Provision for taxation Rs. 2,50,000; Land and Building Rs. 16,00,000; Noncurrent 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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उत्तर
Balance Sheet
as at March 31, 2013
|
Particulars |
Note No. |
Amount (Rs) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
a. Share Capital |
1 |
22,00,000 |
|
b. Reserves and Surplus |
2 |
6,00,000 |
|
2. Non-Current Liabilities |
|
|
|
a. Long-term Borrowings |
3 |
12,00,000 |
|
3. Current Liabilities |
|
|
|
a. Short-term Borrowings |
|
|
|
b. Trade Payables |
4 |
3,50,000 |
|
c. Short-term Provisions |
5 |
2,50,000 |
|
Total |
|
46,00,000 |
|
II. Assets |
|
|
|
1. Non-Current Assets |
|
|
|
a. Fixed Assets |
|
|
|
i. Tangible Assets |
6 |
24,00,000 |
|
b. Non-Current Investments |
|
10,00,000 |
|
2. Current Assets |
|
|
|
a. Inventories |
|
7,00,000 |
|
b. Cash and Cash Equivalents |
7 |
5,00,000 |
|
Total |
|
46,00,000 |
Notes to Accounts
|
Particulars |
Amount (Rs) |
|||
|
1. Share Capital |
|
|||
|
Equity Share Capital |
16,00,000 |
|
||
|
Preference Share Capital |
6,00,000 |
22,00,000 |
||
|
|
22,00,000 |
|||
|
2.Reserve and Surplus |
|
|||
|
General Reserve |
6,00,000 |
|||
|
3. Long Term Borrowings |
|
|||
|
12% Debentures |
12,00,000 |
|||
|
4. Trade Payables |
|
|||
|
Creditors |
2,00,000 |
|
||
|
Bills Payable |
1,50,000 |
3,50,000 |
||
|
|
3,50,000 |
|||
|
5. Short-Term Provisions |
|
|||
|
Provision for Taxation |
2,50,000 |
|||
|
6. Tangible Assets |
|
|||
|
Land and Building |
16,00,000 |
|
||
|
Plant and Machinery |
8,00,000 |
24,00,000 |
||
|
|
24,00,000 |
|||
|
7. Cash and Cash Equivalents |
|
|||
|
Bank |
5,00,000 |
|||
APPEARS IN
संबंधित प्रश्न
State any objective of Financial Statement Analysis’.
Financial statements are prepared following the consistent accounting concepts, principles, procedures and also the legal environment in which the business organizations operate. These statements are the sources of information on the basis of which conclusions are drawn about the profitability and financial position of a company so that their users can easily understand and use them in their economic decisions in a meaningful way.
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What are the uses and importance of financial statements?
What are the limitations of financial statements?
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| Particulars | (₹) | Particulars | (₹) |
| To Interest on Capital | By Profit & loss account (After manager’s commission) | ___(2)___ | |
| Richa | ______ | ||
| Anmol | ______ | ||
| To Anmol’s Salary A/c | 12,500 | ||
| To Profit transferred to: | |||
| Richa’s Capital A/C (1) | ___(1)___ | ||
| Anmol’s Capital A/c | ______ | ||
| ______ | ______ |
The amount to be reflected in blank (2) will be:
|
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|
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During the year Rudra withdrew ₹ 50,000 at the end of each quarter; Dev withdrew ₹ 50,000 in the beginning of each half year and Shiv withdrew ₹ 70,000 at the end of each half year. The profit of the firm for the year ended 31-3-2022 before allowing interest on Shiv's loan was ₹ 7,06,750. |
What will the amount of interest on drawings of the partners?
