BALANCE SHEET OF YOUNG INDIA LTD.
as at 31st March, 2019
| Particular | Note No. | 31st March, 2019 Amount (Rs.) | 31st March, 2018 Amount (Rs.) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 2,50,000 | 2,00,000 | |
| (b) Reserves and Surplus: Surplus, i.e., Balance in Statement of Profit and Loss | 1,83,000 | 82,000 | |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings: | |||
| 15% Debentures | 80,000 | 50,000 | |
| 3. Current Liabilities | |||
| (a) Trade Payables | 1,50,000 | 1,10,000 | |
| (b) Other Current Liabilities | 12,000 | 20,000 | |
| Total | 6,75,000 | 4,62,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets (Tangible) | 2,74,000 | 1,17,000 | |
| (b) Non-Current Investments | 68,000 | 55,000 | |
| 2. Current Assets | |||
| (a) Inventories | 2,06,000 | 1,50,000 | |
| (b) Trade Receivables | 32,000 | 70,000 | |
| (c) Cash and Cash Equivalents | 95,000 | 70,000 | |
| Total | 6,75,000 | 4,62,000 |
SOLUTION
