The following is the Balance Sheet of X Co. Ltd. as on 31.12.2015: I. EQUITY AND LIABILITIES

The following is the Balance Sheet of X Co. Ltd. as on 31.12.2015:

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I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus -- General Reserve Profit and Loss Account Balance Sheet of X Co. Ltd. as at 31st December, 2015 (2) Share Application Money Pending Allotment : (3) Non-current Liabilities: (4) Current Liabilities: (a) Long-term Borrowings--15% Debentures (b) Trade Payables -- Creditors TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets Particulars (1) (i) Tangible Assets: Buildings Plant TOTAL (b) Non-current investments -- (ii) Intangible Assets -- Goodwill at Cost Investment in 10% Stock (Market Value 52,000 and Nominal Value * 50,000) (2) Current Assets: (a) Inventories (b) Trade Receivables ---Debtors (c) Cash and Cash Equivalents -- Cash in Hand Note No. (2) (1) Amount (3) 2,00,000 60,000 18,000 1,0,000 80,000 4,58,000 1,50,000 1,00,000 50,000 48,1000 60,000 40,000 10,000 4,58,000