Assignment No. 1 Course Code: EACC506 Instructions: Registration Number: a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation. b. The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall not be considered. Q1. Balance sheet of Blue star Itd. For the year ending 31" December, 2006 & 2007 are as follows. You are required to prepare a comparative balance sheet and give your comments on Fixed Assets. 31st December, 2016 () 6,00,000 LIABILITIES Equity Share Capital 10 % Preference Share Capital General Reserves 15% Debentures Creditors Bills Payable Tax Payable 31st December,2016 () 8,00,000 6,00,000 RegdNo. 323103129 4,00,000 2,00,000 3,00,000 1,00,000 2,00,000 26,00,000 31st December,2017 8,00,000 6,00,000 4,90,000 3,00,000 4,00,000 1,50,000 3,00,000 30,40,000 ASSETS Building Land Plant Furniture Stock Debtors Cash 2,00,000 6,00,000 2,00,000 4,00,000 4,00,000

2,00,000 26,00,000 31st December, 2017 5,40,000 2,00,000 5,40,000 2,80,000 6,00,000 6,00,000 2,80,000 30,40,000 [10 Marks]

Course Code: EACC506 Registration Number: Instructions: a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation. b. The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall not be considered. Q1. Balance sheet of Blue star ltd. For the year ending 31st December, 2006&2007 are as follows. You are required to prepare a comparative balance sheet and give your comments on Fixed Assets. [10 Marks]