Get More Updates From http://cawinners.

com/

24

INTERMEDIATE (IPC) EXAMINATION: MAY, 2016

Note to Accounts

`
1.

Share Capital
1,53,500 Equity shares of ` 2 each
(out of which 53,500 shares have been issued for
consideration other than cash)

3,07,000

4,000, 8% Preference shares of ` 80 each fully paid up

3,20,000
Total 6,27,000

2.
3.

Reserves and Surplus

Capital Reserve

5,08,000

Long-term borrowings
Secured
6% Debentures

4.

1,00,000

Tangible assets
Freehold property

4,00,000

Plant and machinery

5.
6.

2,00,000
Total 6,00,000

Cash and cash equivalents

Cash at bank (2,50,000 24,000 30,000)

1,96,000

Balance Sheet of C Ltd. as at 1st April, 2015

Particulars
EQUITY AND LIABILITIES
1 Shareholders' funds
a) Share capital
b) Reserves and Surplus
2 Non-current liabilities
Long-term borrowings
3 Current liabilities
Trade Payables

Notes No.

1
2

750
875

30

305
1,960

775

Total
ASSETS
1 Non-current assets
a) Fixed assets
i) Tangible assets

(` in Lakhs)

Join with us https://www.facebook.com/groups/CawinnersOfficial/