Based upon the trial balance of Star Limited as given in the problem 8 of Chapter 5,

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Based upon the trial balance of Star Limited as given in the problem 8 of Chapter 5, prepare the balance sheet of the company as on 31st March 2017. Make suitable assumptions as necessary.

problem 8

Star Limited has an authorized capital of ₹ 600 million divided into 60 million equity shares of ₹ 10 each. The trial balance of the company for the year ended 31st March 2017 is as follows:


Trial Balance of Star Limited as on 31st March 2017

Particulars Premises Machinery Furniture Bank Investments Cash Trade receivables Opening stock Purchase


Additional Information

a. Outstanding wages: b. Outstanding salaries: c. Interest accrued on investments: d. Closing stock: e.


You are required to prepare the profit and loss statement for the year ended 31st March 2017.

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