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228 Corporate Finance BRILLIANT’S

Illustration 3.1.17
Following is the Balance Sheet of President Ltd. as at 31 March, 2016:
31 ‘mM© 2016 H$mo ào{gS>|Q> {b{‘Q>oS> H$s ~¡b|g erQ> {ZåZ{b{IV h¡…
Balance Sheet of President Ltd. as at 31 March, 2016
31 ‘mM© 2016 H$mo ào{gS>|Q> {b{‘Q>oS> H$s ~¡b|g erQ>
Particulars Note No. Amount
({ddaU) (ZmoQ> g§.) (am{e)
(`)

I. EQUITY AND LIABILITIES / Bp³dQ>r Am¡a bm¶{~{bQ>rO
(1) Shareholder's Funds / eo¶a hmoëS>g© H$m ’§$S>…
(a) Share Capital - 60,000 Equity Shares of ` 10 each
eo¶a H¡${nQ>b - 60,000, ` 10 H$m Bp³dQ>r eo¶a 6,00,000
(b) Reserves and Surplus - Profit and Loss Account
[aOd© Am¡a gaßbg - àm°{’$Q> Am¡a bm°g AH$mC§Q> 50,000

(2) Share Application Money Pending Allotment:
eo¶a EpßbHo$eZ ‘Zr n|qS>J Abm°Q>‘|Q> –

(3) Non-current Liabilities / Zm°Z-H$a§Q> bm¶{~{bQ>rO: –
(4) Current Liabilities / H$a§Q> bm¶{~{bQ>rO:
(a) Short-term Borrowings - Bank Loan
em°Q>©-Q>‘© ~m°amoB§½g - ~¢H$ bmoZ 10,000
(b) Trade Payable - Sundry Creditors
Q´>oS> noE~ëg - g§S´>r H«o${S>Q>g© 60,000

(c) Short-term Provisions: / em°Q>©-Q>‘© àmo{dO§g
Provision for Taxation / Q>¡³goeZ Ho$ {bE àmo{dOZ 1,10,000
Proposed Dividend / àñVm{dV {S>{dS>|S> 60,000
TOTAL / Hw$b 8,90,000
II. ASSETS / AgoQ²>g

(1) Non-current Assets / Zm°Z-H$a§Q> AgoQ²>g:
(a) Fixed Assets / {’$³ñS> AgoQ²>g
(i) Tangible Assets / Q>¢{O~b AgoQ²>g 3,70,000
(2) Current Assets / H$a§Q> AgoQ²>g:

(a) Other Current Assets / Aݶ H$a§Q> AgoQ²>g 5,20,000
TOTAL / Hw$b 8,90,000