Liabilities | Rs. | Assets | Rs. |
7000 Equity Shares of Rs. 10 each | 70000 | Net Fixed Assets | 200000 |
2000 Preference Shares of Rs. 10 each | 20000 | Stock | 30000 |
Reserves and surplus | 80000 | Debtors | 30000 |
8% Debentures | 100000 | Cash at Bank | 30000 |
Current Liabilities | 20000 | ||
290000 | 290000 |
Reserves and surplus includes current year net profit after tax (50%) and interest Rs. 40000.