Assignment 2

Question 1: The following trial balance have been taken from the books of Raghav International Ltd. As on 31^st March, 2018. [9 Marks]

Dr. Trial Balance as on 31^st March, 2018 (Rs. In crore) Cr.

Particulars	Amount	Particulars	Amount
Opening Stock	7,000	Sales	45,000
Purchase	2,4000	Discount	1,500
Productive wages	6,000	Profit and Loss a/c (opening Balance)	1,500
Discount	1,700	Share Capital (face value Rs. 1/-)	11,000
Salary	1750	Sundry Creditors	2,050
Rent Interest	1,295 200	General Reserve	1,560
Insurance Premium	1705	Secured Loan	5,590
Dividend paid	1,500	Rent	700
Interim Dividend Paid	1,400	Bank Overdraft	1,100
Sundry Debtors	3,200
Plant and Machinery	3,000
Cash at hand	700
Cash at bank	900
Loan to Managing Director	300
Bad Debts	140
Investment	10,000
Goodwill	3,000
Patents	2,210
Total	70,000	Total	70,000

Additional Information:

1. Closing stock was Rs. 9,000 crore.
2. Insurance premium for 3 months at the rate of Rs. 200 crore per annum was pre-paid.
3. One month rent of Rs. 305 crore was due but not paid.
4. Provide depreciation on plant and machinery @20%
5. Make provisions for doubtful debts @2%
6. Write off patents by 1/5
7. Goods costing 1,200 crore were destroyed by fire and the insurance company admitted the claim for Rs. 1,000 crore only.
8. Rs. 50 crore Rent received in advance.
9. In case of sufficient net profit, transfer Rs. 2,000 crore to general reserve.

Answer the following questions: (show the working after each answer)

1. Current Liabilities = ___________

2. Non-current Assets = ________________

3. Other Intangible Assets = ______________

4. Other equity = _______________

5. Non-current Financial Liabilities = ______________

6. Current Financial Liabilities = ____________

7. Other Current Assets = ___________

8. Total Income = ___________

9. Other Expenses = _____________

10. Current Financial Assets = ____________