The following are the summarised Balance Sheets of X Ltd. and Y Ltd. I. EQUITY AND LIABILITIES
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The following are the summarised Balance Sheets of X Ltd. and Y Ltd.
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I. EQUITY AND LIABILITIES (1) Shareholders' Funds: Balance Sheets of X Ltd. and Y Ltd. as at ... Note No. (a) Share Capital Equity Share of 10 each (b) Reserves and Surplus --Profit and Loss (4) Current Liabilities: Particulars (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets (a) Short-term borrowings ---Loan from X Ltd. (b) Trade Payables --Creditors (1) Tangible Assets --Plant and Machinery X Ltd. 1,00,000 10,000 25,000 1,35,000 1,20,000 Y Ltd. (₹) 50,000 (10,000) 15,000 5,000 60,000 60,000
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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