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 - 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 Intangible Arcos ONDO Stores Property, Plant and Equipment and ₹ 3,58,000. 12,25,000 2,00,000 20,200 · 4,00,000 51.50.00

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 - 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 Intangible Arcos ONDO Stores Property, Plant and Equipment and ₹ 3,58,000. 12,25,000 2,00,000 20,200 · 4,00,000 51.50.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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
1
Investments 7
Capital Work-in-Progress
₹
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.
Stores
1,70,000 Property, Plant and Equipment and
4,75,000.
Intangible Assets (WDV)
Finished Goods
General Reserve
50,000
2,25,200
2,00,000
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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