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in Accounts by (15 points)

46. The following are the comparative Balance Sheet of Ashish Ltd. as

on 31st Dec.2003 and 2004.

Balance Sheet

Liabilities                               2003                  2004          Assets        2003               2004

Share capital

(share of Rs.10 each)    4,50,000        4,70,000      Building   2,00,000   2,50,000

Profit & Loss A/c               50,400            52,800     Stock       2,40,000   2,13,500

9% Debentures                 60,000            30,000     Goodwill     56,000      25,000

Creditors                             51,600           59,200      Cash          42,000      35000

     Investment 43,000      44000

                                                                                 Debtors      31,000     44,500

       6,12,000        6,12,000                                   5,12,000  5,12,000

Depreciation on building 25,000. Building valued 45000 was sold for 46,000. Investment worth of 12000 was sold at 10% profit. Tax paid 7500.

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