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Presented below are the balance sheets of balaji ltd as at december 31, 2008 &2009 |
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assets |
2009(in lacs) |
2008(in lacs) |
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cash and bank balance |
4 |
6 |
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trade debtors |
8 |
6.5 |
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inventory |
14 |
15.5 |
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prepaid expenses |
0.65 |
0.8 |
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land |
15 |
18 |
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equipment |
20 |
16 |
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accumulated depreciation-equipment |
-3 |
-2 |
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building |
25 |
25 |
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accumulated depreciation-building |
-6 |
-5 |
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77.65 |
80.8 |
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capital & liabilities |
2009(in lacs) |
2008(in lacs) |
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provision for taxation |
1.25 |
1 |
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trade creditors |
6.5 |
8 |
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debentures |
20.5 |
22 |
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equity share capital |
43 |
40 |
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retained earnings |
6.4 |
9.8 |
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77.65 |
80.8 |
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additional info: |
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1.land was sold for cash at a profit of Rs. 50000 |
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2.dividends paid during the year Rs.450000 |
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3.net profit for the year Rs.160000 |
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4.equipment costing Rs.600000 was purchased and paid by cash. |
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in addition equipment costing Rs.200000 with a book value of |
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Rs.40000 was sold for Rs. 30000 and cash was received. |
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5.debentures were redeemed at a facevalue by issuing shares at par. |
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6.amount transferred to provision for taxation during the year Rs.160000 |
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pls help me with solution n workings
CAclubindia
