(a) Following is the Balance Sheet of a company : Liabilities 2000 Equity Shares of Rs. 100 each Preference Capital Reserve Fund P& LA/C Debentures Creditors Rs. 2,00,000 Good will Assets 50,000 50,000 Stock Machinery 20,000 Debtors 12,000 Cash at Bank 8,000 Preliminary Expenses 3,40,000 Machinery is to be depreciated by Rs. 25,000 Goodwill is valued Rs. 45,000 OR Rs. 10,000 1,00,000 30,000 60,000 1,00,000 40,000 3,40,000 (i) (ii) (iii) Debtors are subject to a reserve of 10% for bad debts. You are required to find out the value of equity share under net assets method.

(a) FC (i) Machinery is to be depreciated by Rs. 20,000 (ii) Goodwill is valued Rs. 45,000 (iii) Debtors are subject to a reserve of 10% for bad debts. You are required to find out the value of equity share under net assets method. (a) (i) Machinery is to be depreciated by iss. 0,000 (ii) Goodwill is valued Rs. 45,000 (iii) Debtors are subject to a reserve of 10% for bad debts. You are required to find out the value of equity share under net assets method