Big Toys Ltd. provides you with the following information relating to the financial year ending on March

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Big Toys Ltd. provides you with the following information relating to the financial year ending on March 31, 20X7. Prepare its balance sheet in the vertical form as at March 31, 20X7.

Depreciation for the year on plant & machinery and furniture & fixtures was ₹20,000 and ₹5,000 respectively. Preliminary expenses amounting to ₹10,000 were written off during the year.

For all other accounts, the balances in the books of accounts, as on 31-03-20X7, were as follows (all figures in ₹):

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Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

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