31.12.2017 R] (4) 3,50.000 82,000 65,000 Illustration 16 The Balance Sheets of AB Ltd. as on 31st December, 2016 and 2017 are as under: Balance Sheet of AB Ltd. as at 31st December, 2016 and 2017 Note 31.12.2016 Particulars No. (1) (2) (3) 1. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital 3,00,000 (b) Reserves and Surplus (2) 38,000 (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (4) Current Liabilities: (a) Short-term Borrowings (b) Trade Payables 44.000 (c) Other Current Liabilities (d) Short-term Provisions - Provision for Taxation ( (3) 55,000 TOTAL 4,37,000 II. ASSETS (1) Non-current Assets: (a) Fixed Assets (0) Tangible Assets (4) 1,90,000 (1) Intangible Assets - Goodwill 60,000 (b) Non-current Investment - Trade Investment 10,000 (2) Current Assets : (a) Current Investments (b) Inventories - Stock-in-Trade 85,000 (c) Trade Receivables 75,000 (d) Cash and Cash Equivalents (5) 17,000 TOTAL 4,37,000 Notes to Accounts: 65,000 5,62,000 2,66,000 47,000 35,000 78,000 1,08,000 28,000 5,62,000 Particulars 31.03.2017 31.03.2018 (3) (1) Share Capital Issued, Subscribed and Paid-up Capital Equity Shares of 10 each fully paid 8% Redeemable Preference Shares 1,50.000 2.50,000 1,50.000 1,00,000 3,00,000 3,50,000 e25 (2) Reserve and Surplus (0) General Reserve 20,000 30.000 (1) Capital Reserve 25,000 (iu) Profit and Loss Account 18,000 27,000 38,000 82.000 (3) Short-term Provisions (0) Provision for Taxation 28,000 32,000 (ii) Proposed Dividend 27,000 33.000 55,000 65,000 (4) Tangible Assets 0) Land and Building 1,00,000 75.000 (ii) Plant and Machinery 90,000 1,91,000 Net Block 1,90,000 2,66,000 (5) Cash and Cash Equivalents 0) Cash at Bank 10,000 22.000 (i) Cash in Hand 7,000 6,000 17,000 28,000 The following further particulars are given: (i) In 2017 * 18,000 depreciation has been written off Plant and Machinery and no depreciation has been charged on Land and Building. (11) A piece of land has been sold out and the balance has been revalued, profit on such sale and revaluation being transferred to Capital Reserve. There is no other entry in Capital Reserve Account. 100m