The following is the Trial Balance of Anmol Limited as on 31 st March, 2025: Debit Balance Amount (₹) Credit Balances Amount (₹) Purchases 82,95,000…

Statement of Profit and Loss of Anmol Ltd. for the year ended 31 st March, 2025 Particulars Notes Amount I. Revenue from operations 1,25,87,000 II. Other income (Commission income) 72,500 III. Total Income (I + II) 1,26,59,500 IV. Expenses: Purchases of Inventory-in-Trade 82,95,000 Changes in inventories of finished goods work-in-progress and Inventory-in-Trade 9 (2,12,500) Employee benefits expense 10 14,28,500 Finance costs (interest on term loan) 8,05,000 Depreciation 7,80,300 Other operating expenses 11 10,95,250 Total expenses 1,21,91,550 V. Profit (Loss) for the period (III - IV) 4,67,950 VI. (-) Tax (25%) (1,16,988) VII. PAT 3,50,962 Notes to accounts Particulars ₹ 1 Share Capital Equity share capital Authorized 2,00,000 equity shares of 10each 20,00,000 Issued & subscribed 1,00,000 equity shares of 10each 10,00,000 2 Reserves and Surplus General Reserve 10,00,000 Add: current year transfer 1,00,000 11,00,000 Profit & Loss balance Opening balance: Surplus P & L A/c 8,75,500 Profit for the year 3,50,962 Less: Appropriations: Transfer to General reserve (1,00,000) 11,26,462 Securities premium 2,50,000 24,76,462 3 Long-term borrowings Term loan from public sector bank (Secured by hypothecation) 1,02,00,000 Less: Installment of Term loan falling due within one year (17,00,000) 85,00,000 4 Trade payables Trade payables* 55,08,875 Bills payable 1,25,000 56,33,875 5 Other current liabilities Rent outstanding 20,000 Wages and Salaries Outstanding 1,56,500 1,76,500 6 PPE (W.N 2) Land 24,00,000 Factory Buildings 33,21,200 Plant & Machinery 47,81,250 Furniture & Fittings 6,68,250 1,11,70,700 7 Trade receivables Debtors Outstanding for period exceeding 6 months 85,600 Other debts 63,89,400 Less: Provision for doubtful debt (3,23,750) 61,51,250 8 Cash and bank balances Cash and cash equivalents Bank balance 9,75,000 Cash on hand 1,31,875 11,06,875 9 Changes in Inventories Opening Inventory 9,25,000 Less: Closing Inventory (11,37,500) Change (2,12,500) 10 Employee benefit expense Wages and Salaries 12,72,000 Add: Wages and Salaries Outstanding 1,56,500 14,28,500 11 Other operating expenses Rent 2,20,000 Add: outstanding 20,000 2,40,000 Rates and Taxes 50,000 Selling & Distribution expenses 4,36,000 Bad debts 38,500 Provision for Doubtful Debts (3,23,750 -25,000) 2,98,750 Director's fee 32,000 10,95,250 Note: The final dividend will not be recognized as a liability at the balance sheet date (even if it is declared after reporting date but before approval of the financial statements) as per Accounting Standards. Hence, it has not been recognized in the financial statements for the year ended 31 March, 2025. Such dividends will be disclosed in notes only. Calculation of depreciation Book value Accumulated depreciation WDV Current year Depreciation Current year WDV Land 24,00,000 - 24,00,000 - 24,00,000 Factory building 36,80,000 1,84,000 34,96,000 1,74,800 33,21,200 Plant & Machinery 62,50,000 9,37,500 53,12,500 5,31,250 47,81,250 Furniture & Fittings 8,25,000 82,500 7,42,500 74,250 6,68,250 Total 7,80,300 1,11,70,700