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II. Practical Problems : 1) On 31st December, 2015 the Balance Sheet of Activa Ltd., Amarnath disclosed thefollowing position :LiabilitiesAssetsEquity Share Capital:Goodwill40,00040,000 Equity Shares ofPlant and Machinery3,00,000* 10 each4,00,000 Land and Buildings2,00,000General Reserve40,000 Sundry Debtors80,000Profit and Loss Account15,000 Stock-in-Trade70,00010% Debentures1,00,000 Cash at Hand10,000Sundry Creditors85,000Bills Payable60,0007,00,0007,00,000OP​

Answer» HLO EXPLANATION:hlo I am KHUSHI Kanojiya


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