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Q.15 Following is the Balance Sheets of Akash Ltd, as at 31-3-2014: Akash Ltd. Balance Sheet as at 31-3-2014 NOTE 2013-14 2012-13 PARTICULARS No EQUITY

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Q.15 Following is the Balance Sheets of Akash Ltd, as at 31-3-2014: Akash Ltd. Balance Sheet as at 31-3-2014 NOTE 2013-14 2012-13 PARTICULARS No EQUITY & LIABILITIES (1) Shareholders' Funds (a) Share Capital (b) Reserves&Surplus (2) Non-Current Liabilities 2,00,000 2,00,000 84,000 (8000) (a) Long Term Borrowings 1,35,0001,00,000 (3) Current Liabilities 68,000 62,000 (a) Trade Payables TOTAL 4,87,0003,54,000

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