The following ledger balances were extracted from the books of R Ltd.

On 31st March, 2010.

Land and Building Rs. 2,00,000; 12% debentures Rs. 2,00,000; Share Capital 1,00,000
equity shares Rs. 10 each fully paid; Plant and Machinery Rs. 8,00,000; Goodwill Rs.
2,00,000;Investments in shares of S Ltd. Rs.2,00,000; Bills Receivable Rs 50,000; Debtors
Rs. 1,50,000; Creditors Rs 1,00,000; Bank Loan (Unsecured) Rs 1,00,000; Provision for
taxation Rs. 50,000; Discount on issue of 12% debentures Rs. 5000; Proposed dividend Rs.
55,000. Stock Rs. 1,00,000 General Reserve Rs 2,00,000.
You are required to prepare the Balance Sheet of the company as per schedule VI Part I of
the Companies act 1956.

Solution:
RUSHIL LTD.
BALANCE SHEET AS AT 31ST MARCH,2010.
Liabilities Rs. Assets Rs.
SAHRE CAPITAL: FIXED ASSETS:
Authorized Capital ______?___ Goodwill 2,00,000
Issued Capital 10,00,000 Land and Building 2,00,000
Subscribed Capital Plant and Machinery 8,00,000
1,00,000 Equity shares of 10,00,000
Rs.10 each INVESTMENTS:
Shares of Raja Ltd. 2,00,000
RESERVES AND SURPLUS:
General reserve 2,00,000 CURRENT ASSETS, LOANS AND
ADVANCES:
SECURED LOANS: 2,00,000 (A) Current assets:
12% Debentures Stock-in-Trade 1,00,000
Debtors 1,50,000
UNSECURED LOANS: 1,00,000 (B) Loans and Advances
Bank Loan Bill Receivables 50,000

CURRENT LIABILITIES AND MISCELLANEOUS EXPENDITURE:

PROVISIONS: 1,00,000 Discount on issue of 12% 5,000
(A) Current liabilities Debentures
Creditors
(B)Provisions
Proposed dividend 55,000
Provision for taxation
50,000

17,05,000
17,05,000