InterviewSolution
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Hind Ltd. is engaged in the business of manufacturing sports goods. It decided to set up one of its manufacturing unit in the backward area of Uttarakhand and decided to employ local youth from the state at suitable positions in the new unit after imparting training to them. Following are the Balance Sheets of Hind Ltd. for two consecutive years : Hind Ltd. BALANCE SHEET as at 31st March.......... Particulars Note No.31.03.201731.03.2016I. EQUITY AND LIABILITIES:Rs. Rs. 1. Shareholders' Fund: (a) Share Capital3,3002,800 (b) Reserves and Surplus1,4001,000 2. Non-Current Liabilities Long term Borrowings510600 3. Current Liabilities (a) Short term Borrowings860600 (b) Trade Payables430250II. ASSETS: 1. Non-Current Assets3,6302,130 2. Current Assets (a) Inventory1,1001,500 (b) Trade Receivables1,4001,280 (c) Cash and Cash Equivalents370340 Prepare Comparative Statement of Hind Ltd. |
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Answer» Hind Ltd. is engaged in the business of manufacturing sports goods. It decided to set up one of its manufacturing unit in the backward area of Uttarakhand and decided to employ local youth from the state at suitable positions in the new unit after imparting training to them. Following are the Balance Sheets of Hind Ltd. for two consecutive years : BALANCE SHEET as at 31st March.......... Particulars Note No.31.03.201731.03.2016I. EQUITY AND LIABILITIES:Rs. Rs. 1. Shareholders' Fund: (a) Share Capital3,3002,800 (b) Reserves and Surplus1,4001,000 2. Non-Current Liabilities Long term Borrowings510600 3. Current Liabilities (a) Short term Borrowings860600 (b) Trade Payables430250II. ASSETS: 1. Non-Current Assets3,6302,130 2. Current Assets (a) Inventory1,1001,500 (b) Trade Receivables1,4001,280 (c) Cash and Cash Equivalents370340 |
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