4948353829

4

QP Codc : 13839

Additional Information: -

(a)    The Authonsed Share Capital of tbe company was Ra 60,00,000.'- dividcd into 6,00,000 Equity Shares of Rs 10/r cach.

(b)    Sundry Debtors, which arc all unsccured and considercd good, include Rs 1,80,000 due for morc than six montlis.

(c)    Invcstmcnts represent 5000 Bąuity Shares in X Ltd. of Rs 10/- each,

Rs 4/- per share callcd and paid up.

(d)    Bills Receivablc discounted with the bank, not matured till the Balance Shcct datę, umounted to Rs 15,000/-.

You are rcąuired to prcparc Balance Shcct of Ncclam Electronics Ltd. as on 31 st March,2015 as per the provisions of the Companics AcŁ lgnore prcvious ycar figures.

4. Following is the Sutnrnariscd Balance Shcct of Risky Ltd. as on 31st March 2015. 1S

Liabilities	Rs.	Assets	Rs
10% Prcfcrcnce Shares of		Premiscs	6,40,000
Rs.lO cach	4,80,000	Plant & Machincry	10,40.000
Equity Shares of Rs. 10 cach	8.00,000	Investmcnts	2,40,000
5% Debcnturcs of Rs. ICO cach	9,60,000	Stock	2,88,000
Sundry Creditors	4,00,000	Debtors	1,92,000
Bank Ovcrdrafts	2,40,000	Deposits & Advanccs	80.000
Othcr Liabilities	3,20,000	Prcliminary cxpcnses	3,20,000
		Profit & Loss Account (Dr. Balance)	4,00,000
	32.00,000		32,00,000

Notę: Prcfcrcncc Dividcnd is in arrears for 3 years.

A schcmc of reconstruction is prepared and approved by all tlić authoritics.

'!lic salie.nt features of the schctne are:

1.    Plant and Maohincry having book valuc of Rs. 1.60,000 is obsoletc. This is sold as scrap for Rs. 32,000.

2.    The dcprcciation on plant & machincry is to be provided to the cxtent of Rs. 80,000/-

•    3. Stock includes items valued at Rs. 96,000 which arc sold at a loss of 50%.

4.    The present rcalizabic value of investmcnts is Rs.l,12,000.

5.    Arrears of Prcfcrcncc dividcnd is not payablc.

6.    Reconstruction cxpenses were Rs. 16000

[TURN OVER

Hl-Con. 1888-15.