From the following information prepare the balance sheet of Jam Ltd. Inventories Rs.7,00,000; Equity Share Capital Rs. 16,00,000; Plant and Machinery Rs. 8,00,000; Preference Share Capital Rs. 6,00,000; General Reserves Rs. 6,00,000; Bills payable Rs 1,50,000; Provision for taxation Rs. 2,50,000; Land and Building k 16,00,000; Non-current Investments Rs. 10,00,000; Cash at Bank Rs.5,00,000; Creditors Rs. 2,00,000; 12% Debentures Rs. 12,00,000.
