[ISC] Q. 19 Solution of Final Accounts of Companies – Application TS Grewal ISC (2023-24)

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Solution of Q 19 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2023-24

From the following information extracted from the books of Fair Deal Ltd., prepare Balance Sheet of the company as at 31st March, 2023 as per Schedule III of the Companies Act, 2013:

Long-term Borrowings
Trade Payables
Share Capital
Reserves and Surplus
1,000
60
800
180
Property, Plant and Equipment
Inventories
Trade Receivables
Cash and Bank Balance
1,600
40
160
240

Solution:-

Balance Sheet (Extract) as at

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