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5. Big Toys pront Big Toys Ltd. provides you with the following information relating to the financial year ending 20X1. Prepare its balance sheet
5. Big Toys pront Big Toys Ltd. provides you with the following information relating to the financial year ending 20X1. Prepare its balance sheet in the vertical form as on March 31, 20X1. Balances on April 1, 20X0 (all figures in *) Capital 3,80,000 Profit 30,000 Plant & Machinery 3,75,000 Furniture & Fixture 35,000 60,000 Preliminary Expenses 7 Please take XXXXXXXX as your date of birth. For example, if your date be 02.01 [LO 8 Hard] on March 31 BALANCE SHEET 83 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 March 31, 20X1, were as follows (all figures in *): Unexpired insurance Sundry Debtors Loan given to Director 15,000 4,25,000 (provide for doubtful debtors 25,000) 40,000 (accrued interest not accounted for 10,000) Raw material stock 75,000 Finished goods stock 25,000 Prepaid expenses 50,000 Cash in hand 1,50,000 Cash at bank 50,000 Declared Dividend for the year 30,000 Profit for the year 20,000 Advance received 2,00,000 Bank Loan 4,00,000 Sundry Creditors 50,000 Bills Payable 1,00,000 Provision for Taxes 10,000 Other Current Liabilities 90,000
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