Page 218 - MA-12

Final Accounts of Companies—Application of Schedule III, Part I... 9.7

II. ASSETS
1. Non-Current Assets
(a) Fixed Assets—Tangible 6 9,00,000
Intangible 7 40,000
Capital Work-in-Progress 8 4,00,000
(b) Non-Current Investments 9 4,00,000
2. Current Assets
Trade Receivables 10 20,000
Total 17,60,000

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
Securities Premium Reserve 1,00,000
Less: Discount on Issue of Debentures (W/o) 1,00,000 ...
Surplus, i.e., Balance in Statement of Profit and Loss (50,000)
(50,000)
3. Long-term Borrowings
12% Debentures 5,00,000
Fixed Deposits 50,000
5,50,000
4. Trade Payables
Creditors 2,50,000
5. Other Current Liabilities
Unclaimed Dividend 10,000
6. Fixed Assets—Tangible
Livestock 9,00,000
7. Fixed Assets—Intangible
Patents 40,000
8. Capital Work-in-Progress
4,00,000
Work-in-Progress*
9. Non-Current Investments
Government Bonds 4,00,000
10. Trade Receivables
Accounts Receivable (Debtors) 20,000
*Work-in-Progress has been treated as Capital Work-in-Progress.