From the Following Information Prepare the Balance Sheet of Jam Ltd. As Per the (Revised) Schedule VI:

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4. From the following information prepare the balance sheet of Jam Ltd. as per the (revised) Schedule VI:

Inventories Rs. 7,00,000; Equity Share Capital Rs. 16,00,000; Plant and Machinery Rs. 8,00,000; Preference Share Capital Rs. 6,00,000; General Reserves Rs. 6,00,000; Bills payable Rs. 1,50,000; Provision for taxation Rs. 2,50,000; Land and Building Rs. 16,00,000; Noncurrent Investments Rs. 10,00,000; Cash at Bank Rs. 5,00,000;Creditors Rs. 2,00,000; 12% Debentures Rs. 12,00,000.





Balance sheet
as on ...


ParticularsNote No.Amount  (Rs.)
I. Equity and Liabilities  
1. Shareholders’ Funds  
a. Share Capital122,00,000
b. Reserves and Surplus26,00,000
2. Non-Current Liabilities  
      a. Long-term Borrowings312,00,000
3. Current Liabilities  
      a. Short-term Borrowings  
       b. Trade Payables43,50,000
       c. Short-term Provisions52,50,000
Total 46,00,000
II. Assets  
1. Non-Current Assets  
    a. Fixed Assets  
        i. Tangible Assets624,00,000
    b. Non-Current Investments 10,00,000
2. Current Assets  
    a. Inventories 7,00,000
    b. Cash and Cash Equivalents75,00,000
Total 46,00,000

Notes to Accounts:
ParticularsAmount (Rs.)
1. Share Capital 
Equity Share Capital16,00,000
Preference Share Capital6,00,00022,00,000
2.Reserve and Surplus 
General Reserve6,00,000
3. Long Term Borrowings 
12% Debentures12,00,000
4. Trade Payables 
Creditors2,00,000
Bills Payable1,50,0003,50,000
 
5. Short-Term Provisions 
Provision for Taxation2,50,000
6. Tangible Assets 
Land and Building16,00,000
Plant and Machinery8,00,00024,00,000
 
7. Cash and Cash Equivalents 
Bank5,00,000

Chapter-3 Financial Statement of a Company-II



Location: India

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