The following information is extracted from the Balance Sheet of Chika Ltd. as at 31 st March, 2019: Name of Account Amount (₹ in lakh) Term Loans 250 Capital Redemption Reserve 210 Unpaid Dividends 21 Securities Premium
CS Executive · Corporate and Management Accounting · PYQS · June 2019
The following information is extracted from the Balance Sheet of Chika Ltd. as at 31 st March, 2019: Name of Account Amount (₹ in lakh) Term Loans 250 Capital Redemption Reserve 210 Unpaid Dividends 21 Securities Premium Reserve 115 Deferred Tax Liabilities 65 Interest Received in Advance 10 Statement of Profit and Loss (Debit) 118 Loans repayable on demand 32 9% Debentures 400 You are required to make the presentation of above information in the Relevant notes to the accounts for the year ended as at 31 st March, 2019 as per Schedule III of the Companies Act, 2013. The Relevant notes should be related to: (1) Reserves and surplus (2) Non-current liabilities, and (3) Current liabilities.
Answer & Explanation:
Notes to Accounts (Rs. in lakh) Reserves and Surplus Particulars Amount (Rs.) Capital Redemption Reserve 210 Securities premium 115 Statement of Profit and Loss (Debit) (118) Total 207 Non Current Liabilities Particulars Amount (Rs.) 9% Debentures 400 Term Loan 250 Deferred tax liability 65 Total 715 Current Liabilities Particulars Amount (Rs.) Unpaid Dividends 21 Interest received in advance 10 Loans repayable on demand 32 Total 63
Topics: Financial Statements
Related Questions in this Topic
- Financial Statement template that shows the order of how each statement works together to report the full economic posit...
- Current Assets do not include ………….
- Non-Current Liabilities does not include ………….
- Statement of Profit and Loss of the company shall be prepared according to Part II of …………… of the Companies Act, 2013.
- Financial statements include: