Following is the Balance Sheet of Title Machine Limited as on March 31, 2006.
| Liabilities |
Rs. Amt. |
Assets |
Rs.Amt. |
| Equity share capital |
24,000 |
Buildings |
45,000 |
| 8% Debentures |
9,000 |
Stock |
12,000 |
| profit and loss |
6,000 |
Debtors |
9,000 |
| Bank overdraft |
6,000 |
Cash in hand |
2,280 |
| Creditors |
23,400 |
prepaid expenses |
720 |
| provision for taxation |
600 |
|
|
|
69,000 |
|
69,000 |
