| Particulars | Note No. | 31st March, 2013 Amount (Rs.) | 31st March, 2012 Amount (Rs.) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 6,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 1 | 4,00,000 | 2,00,000 |
| 2. Current Liabilities | |||
| (a) Trade Payables | 2,80,000 | 1,80,000 | |
| Total | 12,80,000 | 8,80,000 | |
| II. ASSETS | |||
| 1, Non-Current Assets | |||
| (a) Fixed Assets: | |||
| Plant and Machinery | 5,00,000 | 3,00,000 | |
| 2. Current Assets | |||
| (a) Inventories | 1,00,000 | 1,50,000 | |
| (b) Trade Receivables | 6,00,000 | 4,00,000 | |
| (c) Cash and Cash Equivalents | 80,000 | 30,000 | |
| Total | 12,80,000 | 8,80,000 |
Notes to Accounts
| Particulars | 31st March, 2013 Amount (Rs.) | 31st March, 2012 Amount (Rs.) |
| I. Reserves and Surplus | ||
| Surplus, i.e., Balance in Statement of Profit and Loss | 4,00,000 | 2,00,000 |
Additional Information:
(i) An old machinery having book value of Rs. 50,000 was sold for Rs. 60,000.
(ii) Depreciation provided on Machinery during the year was Rs. 30,000.
SOLUTION
