|Particular||31st March 2019|
|31st March 2018|
|Equity Share Capital||13,75,000||11,25,000|
|5% Preference Share Capital||5,00,000||7,50,000|
|Surplus i.e., Balance in Statement of Profit and Loss||3,75,000||(3,50,000)|
|Securities Premium Reserve||25,000||…|
|Provision for Tax||1,00,000||50,000|
|Non-current Liabilities (8% Debentures)||6,50,000||3,75,000|
|Short-term Borrowings (8% Bank Loan)||1,00,000||1,25,000|
|Trade Receivables and Inventories||13,00,000||11,50,000|
(i) During the year additional debentures were issued at par on 1st October and Bank Loan was repaid on the same date.
(ii) Dividend on Equity Shares @ 8% was paid on Opening Balance.
(iii) Income tax Rs. 1,12,500 has been provided during the year.
(iv) Preference shares were redeemed at par at the end of the year.