Following is the trial balance of Delta limited as on 31.3.2023. (Figures in '000) Particulars Debit Particulars Credit Land at cost 800 Equity…

Delta Limited Balance Sheet as at 31st March 2023 Particulars Note No. (in '000) A. Equity and Liabilities 1. Shareholders' funds (a) Share Capital 1 495.00 (b) Reserves and Surplus 2 807.20 2. Non-Current Liabilities (a) Long Term Borrowings 3 300.00 3. Current Liabilities (a) Trade Payables 30.00 (b) Short- term provision 4 163.80 Total 1,796.00 B. Assets 1. Non-Current Assets (a) Property, Plant and Equipment 5 1,550.00 2. Current Assets (a) Inventories 96.00 (b) Trade Receivables 6 120.00 (c) Cash and Cash equivalents 7 30.00 Total 1,796.00 Statement of Profit and Loss for the year ended 31st March 2023 Particulars Note No. (in '000) I. Revenue from Operations 1200.00 II. Other Income 8 6.00 III. Total Income (I+II) 1,206.00 IV. Expenses: Purchases (adjusted) 400.00 Finance Costs 9 30.00 Depreciation (10% of 800) 80.00 Other expenses 10 150.00 Total Expenses 660.00 V. Profit / (Loss) for the period before tax (III – IV) 546.00 VI. Tax expenses @30% 163.80 VII Profit for the period 382.20 Notes to Accounts Particulars (in '000) 1 Share Capital Equity Share Capital Authorised 80,000 Shares of 10/- each 800 Issued, Subscribed and Called-up 50,000 Shares of 10/- each 500 (Out of the above 5,000 shares have been issued for consideration other than cash) Less: Calls in arrears (5) 495 2 Reserves and Surplus Securities Premium 40.00 Revaluation Reserve ₹(960 – 800) 160.00 General Reserve 150.00 Surplus i.e. Profit & Loss Account Balance Opening Balance 75.00 Add: Profit for the period 382.20 457.20 807.20 3 Long-Term Borrowings 10% Debentures 300 4. Short-term provision Provision for tax 163.80 5 Property, plant & equipment Land Opening Balance 800 Add: Revaluation adjustment 160 Closing Balance 960 Plant and Machinery Opening Balance 824 Less: Disposed off (24) 800 Less: Depreciation ₹(150 – 20 + 80) (210) Closing Balance 590 Total 1,550 6 Trade receivables Debits outstanding for a period exceeding six months 50 Other debts 70 120 7 Cash and Cash Equivalents Cash at Bank With scheduled banks 23 With others (ABC Bank Limited) 5 Cash in hand 2 30 8 Other Income Profit on sale of machinery Sale value of machinery 10 Less: Book value of machinery (24 – 20) (4) 6 9 Finance Costs Debenture Interest 30 10 Other Expenses: Factory expenses 80 Selling expenses 25 Administrative expenses 45 150