Page 261 - ISCDEBK-12

10.12 Double Entry Book Keeping (Section A)—ISC XII

II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets 6 10,00,000
(ii) Intangible Assets 7 2,00,000
(b) Non-Current Investments 8 2,00,000
2. Current Assets
(a) Inventories 9 1,00,000
(b) Trade Receivables 10 2,50,000
Total 17,50,000
Notes to Accounts

1. Share Capital `
Authorised Capital
...Equity Shares of ` 10 each ...
Issued Capital
1,00,000 Equity Shares of ` 10 each 10,00,000
Subscribed Capital
Subscribed and Fully Paid-up:
1,00,000 Equity Shares of ` 10 each 10,00,000
2. Reserves and Surplus
General Reserve 2,00,000
Surplus, i.e., Balance in Statement of Profit and Loss ...
Less: Discount on Issue of 12% Debentures written off 5,000 (5,000)
1,95,000
3. Long-term Borrowings
12% Debentures 2,00,000
Bank Loan (Unsecured) 1,00,000
3,00,000
4. Trade Payables
Creditors 2,00,000
5. Short-term Provisions
Provision for Tax 55,000
6. Fixed Assets—Tangible
(i) Land and Building 2,00,000
(ii) Plant and Machinery 8,00,000
10,00,000
7. Fixed Assets—Intangible
Goodwill 2,00,000
8. Non-Current Investments
Investments in Shares of Raja Ltd. 2,00,000
9. Inventories
Stock-in-Trade 1,00,000
10. Trade Receivables
Debtors 1,50,000
Bills Receivable 1,00,000
2,50,000

Contingent Liabilities: Proposed Dividend for the current year, i.e., year ended 31st March, 2019 is ` 1,00,000.