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Dear Student
Regards
| India Auto Ltd. | ||
| BALANCE SHEET | ||
| Particulars | Note | March 31 |
| ` | ||
| EQUITY AND LIABILITIES | ||
| SHAREHOLDERS' FUNDS | ||
| Share Capital | 3 | 24,997,000 |
| Reserves and Surplus (Capital Reserve) | ||
| SHARE APPLICATION MONEY PENDING ALLOTMENT | - | |
| NON-CURRENT LIABILITIES | ||
| Long-Term Borrowings | - | |
| Deferred Tax Liabilities (Net) | - | |
| CURRENT LIABILITIES | ||
| Trade Payables | - | |
| Other Current Liabilities | - | |
| Short-Term Provisions | - | |
| TOTAL | 24,997,000 | |
| ASSETS | ||
| NON-CURRENT ASSETS | ||
| Fixed Assets | 5,000,000 | |
| Tangible Assets | - | |
| Long term loans and advances | - | |
| Other non-current assets | - | |
| Deferred Tax Assets (Net) | - | |
| INVESTMENTS | ||
| CURRENT ASSETS | ||
| Inventories | - | |
| Cash and cash equivalents | 19,997,000 | |
| Short-term loans and advances | - | |
| Other Current Assets | - | |
| TOTAL | 24,997,000 | |
| Summary of Significant Accounting Policies | ||
| Notes form an integral part of the Financial Statement | ||
| Note - 3 Share Capital | ||
| Particulars | Amt | Amt |
| Authorised Capital | ||
| 7,00,000 Equity Shares of Rs. 100/- each. | 70,000,000 | |
| Issued Capital | ||
| 50,000 Equity Shares of Rs. 100/- each. | 5,000,000 | |
| Subscribed Capital | ||
| Subscribed and Fully Paid up | ||
| 2,49,900 Equity Shares of Rs. 100/- each | 24,990,000 | |
| Subscribed but not Fully Paid up | ||
| 0 Equity Shares of Rs. 100/- each | - | |
| Less : Calls in Arrears | - | - |
| Add: Share Forefiture A/c | 7,000 | |
| 24,997,000 |
Regards