24/ Prepare Balance Sheet as at 31st March, 2023 from the following information of Ford Ltd. as required under Schedule III of the Companies Act, 2013: Term Loan (Secured) Sundry Creditors Advances Cash and Bank Balances Staff Advances Taxes Payable - - Securities Premium Loose Tools Investments Capital Work-in-Progress 3 ₹ 20,00,000 18,45,000 3,72,000 2,75,000 ▾ Loss for the Year Sundry Debtors - Loans from Debtors Provision for Doubtful Debts 55,000 1,70,000 4,75,000. 50,000 2,25,200 2,00,000 Stores Property, Plant and Equipment and Intangible Assets (WDV) Finished Goods General Reserve - Additional Information: 1. Share Capital consists of: (a) 3,000 Equity Shares of 100 each fully paid-up. (b) 10,000-10% Preference Shares of 100 each fully paid-up. 2. Depreciation on Assets- 5,00,000. ₹ 3,58,000 12,25,000 2,00,000 20,200* 4,00,000 Y 51,50,000 - 7,50,000. 30,50,000 7
24/ Prepare Balance Sheet as at 31st March, 2023 from the following information of Ford Ltd. as required under Schedule III of the Companies Act, 2013: Term Loan (Secured) Sundry Creditors Advances Cash and Bank Balances Staff Advances Taxes Payable - - Securities Premium Loose Tools Investments Capital Work-in-Progress 3 ₹ 20,00,000 18,45,000 3,72,000 2,75,000 ▾ Loss for the Year Sundry Debtors - Loans from Debtors Provision for Doubtful Debts 55,000 1,70,000 4,75,000. 50,000 2,25,200 2,00,000 Stores Property, Plant and Equipment and Intangible Assets (WDV) Finished Goods General Reserve - Additional Information: 1. Share Capital consists of: (a) 3,000 Equity Shares of 100 each fully paid-up. (b) 10,000-10% Preference Shares of 100 each fully paid-up. 2. Depreciation on Assets- 5,00,000. ₹ 3,58,000 12,25,000 2,00,000 20,200* 4,00,000 Y 51,50,000 - 7,50,000. 30,50,000 7
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:24/ Prepare Balance Sheet as at 31st March, 2023 from the following information of Ford Ltd. as required
under Schedule III of the Companies Act, 2013:
Term Loan (Secured)
Sundry Creditors
Advances
Cash and Bank Balances
-
-
Staff Advances
Taxes Payable C
Securities Premium
Loose Tools
Investments
Capital Work-in-Progress
3
₹
20,00,000
18,45,000
3,72,000
2,75,000
▾
Loss for the Year
Sundry Debtors -
Loans from Debtors
Provision for Doubtful Debts
55,000
1,70,000
4,75,000.
50,000
2,25,200
2,00,000
Stores
Property, Plant and Equipment and
Intangible Assets (WDV)
Finished Goods
General Reserve -
Additional Information:
1. Share Capital consists of:
(a) 3,000 Equity Shares of 100 each fully paid-up.
(b) 10,000-10% Preference Shares of 100 each fully paid-up.
2. Depreciation on Assets- 5,00,000.
₹
3,58,000
12,25,000
2,00,000
20,200
4,00,000
"
51,50,000 -
7,50,000.
30,50,000
7
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