5. Prepare the balance sheet of Jyoti Ltd. as at March 31, 2017 from the following information:
Building Rs. 10,00,000; Investments in the shares of Metro Tyers Rs. 3,00,000; Stores & Spares Rs. 1,00,000; Discount on issue of 10% debentures Rs. 10,000; Statement of Profit and Loss (Dr.) Rs. 90,000; 5,00,000 Equity Shares of Rs. 20 each fully paid-up; Capital Redemption Reserve Rs. 1,00,000; 10% Debentures Rs. 3,00,000; Unpaid dividends Rs. 90,000; Share options outstanding account Rs. 10,000.
Balance Sheet of Jyoti Ltd.
as on 31 March,2017
| Particulars | Note No. | Amount (Rs.) |
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| a. Share Capital | 1 | 10,00,000 |
| b. Reserves and Surplus | 2 | 10,000 |
| 2. Non-Current Liabilities | ||
| Long-term Borrowings | 3 | 3,00,000 |
| 3. Current Liabilities | ||
| Other Current Liabilities | 4 | 1,00,000 |
| Total | 14,10,000 | |
| II Assets | ||
| 1. Non-Current Assets | ||
| a. Fixed Assets | ||
| i. Tangible Assets | 5 | 10,00,000 |
| b. Non-Current Investments | 6 | 3,00,000 |
| 2. Current Assets | ||
| a. Inventories | 7 | 1,00,000 |
| b. Other Current Assets | 8 | 10,000 |
| Total | 14,10,000 | |
| Particulars | Amount (Rs.) | |
| 1.Share Capital | ||
| Equity Share Capital (50,000* shares of Rs 20 each) | 10,00,000 | |
| 2.Reserve and surplus | ||
| Capital Redemption Reserve | 1,00,000 | |
| Less: Statement of Profit or Loss (Debit) | 90,000 | 10,000 |
| 3. Long-term Borrowings | ||
| 10% Debentures | 3,00,000 | |
| 4. Other Current Liabilities | ||
| Unpaid Dividend | 90,000 | |
| Share Option Outstanding | 10,000 | 1,00,000 |
| 5. Tangible Assets | ||
| Building | 10,00,000 | |
| 6. Non-Current Investments | ||
| Shares of Metro Tyres | 3,00,000 | |
| 7. Inventory | ||
| Stores and Spares | 1,00,000 | |
| 8. Other Current Assets | ||
| Discount on Issue of 10% Debentures | 10,000 |