have been incorporated in the form itself. This amended form stands applicable for the Companies which have closed their accounts on or after 11-5-92. Illustration 1 You are required to prepare vertical and horizontal financial statements from the following trial balance of Haria Chemicals Ltd, for the year ended 31st March, 2006. Particulars Stock Furniture Discount Loan to Directors Advertisement Bad debts Commission Purchases Plant and Machinery Rentals Haria Chemicals Ltd. Trial Balance as at 31st March, 2006 Rs. Particulars Rs. 6,80,000 Equity Shares 2,00,000 Capital (Shares of Rs. 10 each) 25,00,000 40,000 11% Debentures 5,00,000 80,000 Bank loans 6,45,000 20,000 Bills payable 1,25,000 35,000 Creditors 1,56,000 1,20,000 Sales 42,68,000 23,19,000 Rent received 46,000 8,60,000 Transfer fees 10,000 25,000 Profit & Loss 45,000 account 1,39,000 8,000 Depreciation 1,16,000 provision 10,000 Machinery 1,46,000 3,00,000 9,00,000 84,000 Current account Cash Interest on bank loans Preliminary expenses Fixtures Wages Consumables Freehold land Tools & Equipments 15,46,000 2,45,000 C8 Goodwill 2,65,000 Debtors 2,87,000 Bills receivable 1,53,000 Dealer aids 21,000 Transit insurance 30,000 Trade expenses 72,000 Distribution freight 54,000 Debenture interest 20,000 85,35,000 Additional information : Closing stock on 31-3-2006: Rs. 8.23.000 85,35,000 1,35.00