Show the Following Items in the Balance Sheet As Per the Provisions of the Companies Act, 1956 in (Revised) Schedule VI

 1. Show the following items in the balance sheet as per the provisions of the companies Act, 1956 in (Revised) Schedule VI:

Particulars	Rs.	Particulars	Rs.
Preliminary Expenses	2,40,000	Good will	30,000
Discount on issue of shares	20,000	Loose tools	12,000
10% Debentures	2,00,000	Motor Vehicles	4,75,000
Stock in Trade	1,40,000	Provision for tax	16,000
Cash at bank	1,35,000
Bills receivable	1,20,000

Extract of Balance Sheet

	Particulars	Note No.	Amount (Rs.)
I.	Equity and Liability
	1. Share holders Fund
	a. Reserve and Surplus
	2. Non-current Liabilities	1	2,00,000
	a. Long term Borrowing
	3. Current Liabilities
	a. Other Current Liabilities
	b. Short term Provision	2	16,000
II.	Asset
	1. Non-current assets
	a. Fixed asset
	i. Tangible assets	3	4,75,000
	ii. Intangible assets	4	30,000
	Non-Current Investment
	2. Current assets
	a. Inventories	5	1,52,000
	b. Trade Receivables	6	1,20,000
	c. Cash and Cash equivalents	7	1,35,000
	d. Other Current Liabilities	8	2,60,000

Notes to Accounts:

Particulars		Amount (Rs.)
1. Long-term Borrowing
10% Debentures		2,00,000
2. Short Term Provision
Provision for tax		16,000
3. Tangible Asset
Motor vehicle		4,75,000
4. Intangible Asset
Goodwill		30,000
5. Inventories
Loose tools	12,000
Stock	1,40,000	1,52,000
6. Trade Receivables
Bill Receivables		1,20,000
7. Cash and Cash equivalents
Cash at Bank		1,35,000
8. Other Current Assets
Preliminary expenses	2,40,000
Discount on Issue of shares	20,000	2,60,000

Chapter-3 Financial Statement of a Company-II

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