4948353815

Q.P. Codę: 13876

(A) Following are the Balancc Sbcets ofNileema Ltd. as on 31^c March, 2014 and 2015.

Balancc Shccts as on 31* March ..._M

Eqalty & Lisbilities	2014 7	2015 7	Asseto i 2014 7		2015 *
Equity Sharc Capiud	70,000	70,000	Fixcd AsscŁs	80,000	90,000
ll%Prcfcrcncc Siiarc Capital	50,000	60,000	Inycstmcnls	50,000	40.009N
General Re$erve	22,000	24,000	Cu.-rentAsscts	57,000	^Tcoo
10%Dcbcnl\nes	30,000	-	PrelcninaiyExps.	10,00fr	>^Y 8,000
Currmt Liabilites	25,000	16,000
Total	1,97,000	1,70,000	To tal	b»—^:-	1,70,000

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(B) Following is the Trading and Profit & Loss ^cbount of Omkar Ltd. for thc year ended 31^M March, 2015.    ^

Trading and Profit & Los^ Account for the ycar ended 31$^lnrch, 2015

Dr.

Cr.

Particulars	-J^3	Particulars	r
To Opcning Stock	(&600	By Sales	1,20,000
To Purchases c.	y 87,600. By Closing Stock		36,000
To Wages	13,200 i
To Carriage Inwar^	4,800
To Gross Prof^a/d	28,800 *
Ib tal	1,56,000	Total	1,56,000
To Oper^Spg Expenses	24,000	By Gross Profit b/d	28,800
To Lofe^n sale of Asset _	6,000	By Intereston Investmcnt	15,600
T&fabome Tax Provision	2,400
TJO Net Profit c/f	12,000 j
Total	44,400 j Total		44,400

Preparc a Common size Incomc Statcment from the above in veitical form.

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