From the following particulars furnished by Hello Ltd., prepare the Balance Sheet as on 31st March 2024 as required by Part I, Schedule III of the…

Hello Ltd. Balance Sheet as at 31st March, 2024 Particulars Notes ₹ Equity and Liabilities 1 Shareholders' funds a Share capital 1 50,00,000 b Reserves and Surplus 2 14,83,500 2 Non-current liabilities Long-term borrowings 3 13,55,000 3 Current liabilities a Trade Payables 10,00,000 b Short-term provisions 4 6,40,000 Total 94,78,500 Assets 1 Non-current assets Property, Plant & equipment 5 56,25,000 2 Current assets a Inventories 6 12,55,000 b Trade receivables 7 10,00,000 c Cash and Cash Equivalents 8 13,85,000 d Short-term loans and advances 2,13,500 Total 94,78,500 Notes to accounts 1 Share Capital Particulars ₹ Equity share capital Issued & subscribed & called up 50,000 Equity Shares of 100each 50,00,000 (Of the above 10,000 shares have been issued for consideration other than cash) 2 Reserves and Surplus General Reserve 10,50,000 Add: current year transfer 20,000 10,70,000 Profit & Loss balance Profit for the year 4,33,500 Less: Appropriations: Transfer to General reserve (20,000) 4,13,500 14,83,500 3 Long-term borrowings Secured Term Loan State Financial Corporation Loan 7,50,000 (Secured by hypothecation of Plant and Machinery) Unsecured Loan 6,05,000 Total 13,55,000 4 Short-term provisions Provision for taxation 6,40,000 5 Property, plant and Equipment Building 30,00,000 Less: Depreciation (2,50,000) 27,50,000 (b.f.) Plant & Machinery 35,00,000 Less: Depreciation (8,75,000) 26,25,000 (b.f.) Furniture & Fittings 3,12,500 Less: Depreciation (62,500) (b.f.) 2,50,000 Total 56,25,000 6 Inventories Raw Materials 2,55,000 Finished goods 10,00,000 Total 12,55,000 7 Trade receivables Outstanding for a period exceeding six months 2,60,000 Other Amounts 7,40,000 Total 10,00,000 8 Cash and Cash Equivalents Cash at bank with Scheduled Banks 12,25,000 with others (Omega Bank Ltd.) 10,000 12,35,000 Cash in hand 1,50,000 Other bank balances Nil Total 13,85,000