- 15 The Following Are The Summarized Balance Sheet Of M S Krishna Ltd As On 31st December 2009 2010 Balance Sheets Li 1 (107.83 KiB) Viewed 36 times
15. The following are the summarized balance sheet of M/s Krishna Ltd as on 31st December 2009 & 2010. Balance sheets Liabilities 2009 2010 Assets 2009 2010 Capital: Fixed assets: 10% Preference Machinery 1,00,000 1,10,000 2,00,000 2,30,000 shares Equity shares 2,20,000 2,25,000 Buildings 1,50,000 1,76,000 Share premium 20,000 26,000 Land 18,000 18,000 Profit & loss 1,04,000 1,34,000 Cash 42,000 32,000 12% debentures 70,000 64,000 Debtors 38,000 38,000 Creditors 38,000 46,000 Bills receivable 42,000 62,000 Bills payable 5,000 4,000 Stock 84,000 98,000 Provision for tax 10,000 12,000 Dividends payable 7,000 8,000 5,74,000 6,54,000 5,74,000 6,54,000 You are required to prepare a
statement of sources and applications of fund.