Prepare a Balance Sheet of Black Swan Ltd., As At March 31, 2017 Form the Following Information:

7. Prepare a balance sheet of Black Swan Ltd., as at March 31, 2017 form the following information:

General Reserve	3,000
10% Debentures	3,000
Statement of Profit & Loss	1,200
Depreciation on fixed assets	700
Gross Block	9,000
Current Liabilities	2,500
Preliminary Expenses	300
6% Preference Share Capital	5,000
Cash & Cash Equivalents	6,100

Extract of Balance Sheet

as at March 31,2017

Particulars	Note No.	Amount  (Rs.)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital	1	5,000
b. Reserves and Surplus	2	4,200
2. Non-Current Liabilities
a. Long-term Borrowings	3	3,000
3. Current Liabilities		2,500
Total		14,700
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets	4	8,300
2. Current Assets
a. Cash and Cash Equivalents	5	6,100
b. Other Current Assets	6	300
Total		14,700

Notes to Accounts

Particulars		Amount (Rs.)
1. Share Capital
6% Preference Share Capital		5,000
2.Reserve and Surplus
General Reserve	3,000
Statement of Profit or Loss	1,200	4,200
3.Long Term Borrowings
10% Debentures		3,000
4. Tangible Assets
Fixed Assets	9,000
Less: Depreciation	700	8,300
5.Cash and Cash Equivalents
Cash		6,100
6. Other Current Assets
Preliminary Expenses		300

Chapter-3 Financial Statement of a Company-II

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