The Balance Sheet of Bright Ltd. as at 31st March 2023 is as follows:
| Particulars | 31st March, 2023 (₹) |
31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus: Surplus, i.e. Balance in Statement of Profit & Loss |
2,00,000 98,000 |
2,00,000 96,000 |
| 2. Non-current Liabilities Long-term Borrowings |
90,000 | 50,000 |
| 3. Current Liabilities (a) Short-term Borrowings (Loan from Bank) (b) Trade Payables |
– 82,000 |
10,000 72,000 |
| Total | 4,70,000 | 4,28,000 |
| II. Assets | ||
| 1. Non-Current Assets Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment |
3,42,000 | 3,00,000 |
| 2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents |
44,000 76,800 7,200 |
50,000 70,000 8,000 |
| Total | 4,70,000 | 4,28,000 |
Solution :
