balance sheet as on 31st march land & building 2,20,000
ordinary share capital 1,00,000 machinery 1,65,000
reserve 1,70,000 furniture 30,000
6% preference share 1,00,000 stock 40,000
7% debentures 40,000 debtors 1,00,000
8% loan from F.I. 20,000 cash 12,000
bank overdraft 40,000
outstanding creditors 67,000
provisions 30,000
5,67,000 5,67,000
profit before interest &tax RS. 60,000
INterest 4,000
55,600
tax 20,000
profit after tax 35,000