Direction Q. 1 to 4
Read the following hypothetical text and answer the given questions: |
Balance Sheet of Vihaan Ltd. as at 31st March 2018,2019 and 2020 Particulars | Note No | 2018 (Rs.) | 2019 (Rs.) | 2020 (Rs.) | I.EQUITY AND LIABILITIES 1. Shareholders' Funds: Share Capital Reserves and Surplus | 1 | 70,000 10,000 | 1,00,000 35,000 | 90,000 25,000 | 2. Non-current Liabilities: Long-term Borrowings | 2 | 35,000 | 45,000 | 62,500 | 3. Current Liabilities: Short-term Borrowings Short-term Provisions | 3 4 | 7,500 12,500 | 5,000 10,000 | 10,000 25,000 | Total | | 1,35,000 | 1.95.000 | 2,12,000 | II.ASSETS 1. Non-current Assets: Fixed Assets: (i) Tangible (ii) Intangible Non-current Investments | 5 6 | 90,500 5,000 10,000 | 1,46,500 10,000 15,000 | 1,60,000 7,500 6,000 | 2. Current Assets: Current Investments Inventories Cash and Cash Equivalents | 7 | 7,000 7,200 15,300 | 4,000 12,200 7,300 | 15,000 12,000 12,000 | Total | | 1,35,000 | 1,95,000 | 2,12,500 | |
Notes to Accounts: Note No. | Particulars | 2018 (Rs.) | 2019 (Rs.) | 2020 (Rs.) | 1. | Reserves and Surplus (Surplus, i.e., Balance in the Statement of Profit and Loss) | 10,000 | 35,000 | 25,000 | | | 10,000 | 35,000 | 25,000 | 2. | Long-term Borrowings 12% Debentures | 35,000 | 45,000 | 62,500 | | | 35,000 | 45,000 | 62,500 | 3. | Short-term Borrowings Bank Loan | 7,500 | 5,000 | 10,000 | | | 7,500 | 5,000 | 10,000 | 4. | Short-term Provisions: Provision for Tax | 12,500 | 10,000 | 25,000 | | | 12,500 | 10,000 | 25,000 | 5. | Tangible Assets: Machinery Accumulate-d Depreciation | 1,04,500 (14,000) | 1,67,500 (21,000) | 1,84,000 (24,000) | | | 90,500 | 1,46,500 | 1,60,000 | 6. | Intangible Assets: Goodwill | 5,000 | 10,000 | 7,500 | | | 5,000 | 10,000 | 7,500 | 7. | Inventories Stock-in-Trade | 7,200 | 12,200 | 12,000 | | | 7,200 | 12,200 | 12,000 | |
Based on the above information you are required to answer the following questions: |