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PAPER 1 : ACCOUNTING

ii) Intangible assets

b) Non-current investments
Other non-current assets
Current assets
a) Inventories(175+125)
b) Trade receivables
c) Cash and cash equivalents

25

6
7
8

13
100
50

9
10

300
325
397
1,960

Total
Notes to Accounts

(` in Lakhs)
1. Share Capital
Authorised share capital:
500

50,00,000 Equity shares of ` 10 each

Issued and subscribed:
50,00,000 Equity shares of ` 10 each

500

2,50,000 Preference shares of ` 100 each

250

(Of the above shares 35,00,000 equity shares and all preference
shares are allotted as fully paid up for consideration other than
cash)
Total

750

Securities premium (` 50 per Preference share on 2.5 Lakh

Preference Shares + ` 20 per equity share on 35 Lakh equity
shares issued to shareholders of A Ltd. & B Ltd. = ` 825 Lakhs)

825

2. Reserves and Surplus

Investment allowance reserve (25+25)

50
Total

875

15% Debentures
Interest on Debentures of A Ltd is ` 3 Lakhs and of B Ltd is
` 1.5 Lakhs. Total int = ` 4.5 Lakhs. 15% debentures to be
issued to equal interest of ` 4.5 Lakhs = ` 4.5 Lakhs / 15%
= 30 Lakh 15% Debentures of ` 100 each = 30,000
debentures

30

3. Long-term borrowings
Secured

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