State the particular items to be disclosed in a company’s balance sheet as per Schedule VI of the Companies Act 1956 in respect of

(a) fixed assets and

(b) share capital.

Schedule VI of the Companies Act 1956

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From the following trial balance of Prakash Machineries Limited and additional information, prepare final accounts of the company as per Schedule VI of the Companies Act. Amount Particulars Sales 1,50,000 General reserve 28,000 Provision for depreciation on Particulars Opening stock Raw materials Work-in-process Finished goods Purchases Salaries and wages Plant & machinery (at cost) Investment at cost (short-term) Sundry debtors Cash at bank Directors remuneration Interim dividend Office furniture (at cost) Rates and taxes Insurance Audit fee Sales return Excise duty on finished goods Rent Rent prepaid Bad debts Interest on debentures Freehold premises Other expenses Bills receivable 1,90,000 plant and machinery 15,50,000 Sundry creditors 2,30,000 Provision for depreciation on 12,10,000 furniture Purchases returns 3,29,000 1,58,000 (*100 each) 3,00,900 80,000 (100 each) 1,20,000 9% Debentures 1,80,000 Debenture redemption 17,000 reserve 25,000 Bills payable 30,000 Securities premium 70,000 Income from investments Equity share capital 10% Preference shares capital 3,20,000 Excise duty payable 90,000 Profit and loss 20,000 18,000 27,000 47,30,000 37,100 30,000 99,40,000 Amount *47,50,000 25,000 1,40,000 1,35,000 30,000 25,000 30,00,000 5,00,000 6,00,000 3,00,000 90,000 2,80,000 30,000 15,000 20,000 99,40,000