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Balance Sheet Preparation Guide 2013

The document provides ledger balances for Kareena India Ltd. and Smart Toys Company Ltd. as of March 31, 2017, and March 31, 2015, respectively. It instructs the preparation of balance sheets for both companies in accordance with the revised Schedule III of the Companies Act 2013. The balances include various assets, liabilities, and equity components necessary for the balance sheet formulation.

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Aarya Khedekar
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9 views2 pages

Balance Sheet Preparation Guide 2013

The document provides ledger balances for Kareena India Ltd. and Smart Toys Company Ltd. as of March 31, 2017, and March 31, 2015, respectively. It instructs the preparation of balance sheets for both companies in accordance with the revised Schedule III of the Companies Act 2013. The balances include various assets, liabilities, and equity components necessary for the balance sheet formulation.

Uploaded by

Aarya Khedekar
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

March 2018

Q4. Following are the ledger balances of Kareena India Ltd. as on 31-03-2017. Prepare the Balance
Sheet as on the same date as per revised schedule III of the Companies Act 2013

Particulars Amount (₹)


1. Machinery - TA 18,00,000
2. Investment for 1 year - CI 14,10,000
3. Premises - *TA 90,00,000
4. Computer software - ITA 2,17,500
5. Debtors - TR 8,40,000
6. Discount on issue of shares - ONCA 2,04,000
7. Stores & Spares - I 10,06,500
8. Interest accrued on investment - OCA 1,20,000
9. Cash at Bank - CCE 2,46,000
10. General Reserve - RS 19,05,000
11. Creditors - TP 5,55,000
12. Cash Credit - STB 2,70,000
13. Mortgage loan - LTB 17,10,000
14. 12% Preference share capital - SC 24,00,000
15. Equity share capital - SC 75,00,000
16. Staff welfare fund - LTP 3,60,000
17. Provision for tax - STP 1,44,000
March 2015

Q5. The following ledger balances are extracted from the books of Smart Toys Company Ltd. for the
year ending 31-03-2015

Particulars Amount (₹)


Land & Building - TA 31,60,000
Sundry Creditors - TP 4,46,000
Capital redemption reserve - RS 11,60,000
Long term investment - NCI 5,00,000
Plant and Equipment - *TA 17,00,000
Trademark - ITA 1,80,000
Sundry Debtors - TR 2,40,000
Surplus - *RS 8,40,000
Bank overdraft - STB 1,71,000
Preliminary expenses (to be carried forward) - ONCA 80,000
Cash in hand - CCE 4,85,000
Public deposits - LTB 9,00,000
Outstanding salary - *TP 1,10,000
Provision for pension fund - LTP 1,50,000
Equity share capital - SC 28,00,000
Proposed dividend - STP 2,20,000
Prepaid insurance - OCA 82,000
Loan to employees - STLA 70,000
Closing stock - I 3,00,000

Prepare balance sheet of the company as per revised schedule III of the companies Act 2013

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