The Balance Sheet of Ananda Ltd as on 31st March, 2017 is given below :

You are required to show:

(a) Necessary Journal Entries to record the above transactions (including cash);

(b) The Balance Sheet as on completion of the above transactions.

Transcribed Image Text:

(a) Short-term Borrowings (b) Trade Payables I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus ---Profit and Loss (c) Money Received against Share Warrants (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (4) Current Liabilities: TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets (i) Tangible Assets (2) Current Assets: (a) Current Investments Balance Sheet of Ananda Ltd. as at 31st March, 2017 TOTAL (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents (6) Other Current Assets Particulars Note No. (2) (1) Amount (3) 7,00,000 1,60,000 1,20,000 9,80,000 4,00,000 2,00,000 1,00,000 1,00,000 10,000 1,70,000 9,80,000