the following are the balance sheets of subhikishu ltd as on 31 march 2010 and 31 ma 609937

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The following are the balance sheets of Subhikishu Ltd. as on 31 March 2010 and 31 March 2011, respectively.

Liabilities Don't use plagiarized sources. Get Your Custom Essay on the following are the balance sheets of subhikishu ltd as on 31 march 2010 and 31 ma 609937 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page Order Essay	31 March	31 March	Assets	31 March	31 March
	2011	2010		2011	2010
	Rs.	Rs.		Rs.	Rs.
Equity Share Capital	13,50,000	12,50,00	Land	3,75,000	3,75,000
Securities Premium	3,85,000	3,75,000	Buildings	20,62,500	17,87,500
P & L A/c	27,52,500	25,22,500	Plants	1375,000	11,25,00
15% Debentures	2,50,000	5,00,000	Investments	13,75,000	11,25,000
Expenses Due	52,500	65,000	Patents	35,000	25,000
Tax Payable	3,75,000	2,57,500	Debtors	10,00,000	10,62,500
Bills Payable	1,25,000	1,75,000	Bills Receivable	25,000	20,000
Creditors	5,50,000	4,50,000	Stock	11,55,000	11,35,000
Accumulated Depreciation			Cash	3,37,500	2,50,000
Plants	2,25,000	1,87,500	Preliminary Expense	12,500	15,00
Buildings	6,25,000	5,75,000
Provision for Doubtful Debts	50,000	62,500
	67,40,000	64,20,000		67,40,000	64,20,000

Additional Information:

Debentures were redeemed at a premium of 10% on 1 October 2010.
Investments were sold at a profit of 50% on cost.
During the year a machine costing Rs.2,50,000 (accumulated depreciation of 1,00,000) was sold at a profit of 20% on book value.
During the year building costing Rs.5,25,000 was purchased by issue of 10,000 equity shares of Rs.10 each at a premium of Rs.1 per share and balance by cash.
A building costing Rs.2,50,000 (with accumulated depreciation of Rs.1,75,000) was sold for Rs.85,000. Prepare cash flow statement as per AS-3 (Revised). Show all working clearly.

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