From the following information pertaining to M/s Anya Co. Ltd., PREPARE its trading, Profit & Loss Account for the year ended on 31 March, 2024…

Working Note: Current Liabilities and Current Assets: Let Current Liabilities be x Given Current ratio = 2.5 Current Assets = 2.5x Working Capital = 2.5x - x = 1.5x or x = 1,20,000 / 1.5 = 80,000 So Current Liabilities = 80,000 And Current Assets = 80,000 x 2.5 = 2,00,000 Closing Stock Given, Quick Ratio = 1.3 (Current Assets - Closing Stock) / (Current Liabilities - Bank Overdraft) = 1.3 (2,00,000 - Closing Stock) / (80,000 - 15,000) = 1.3 or Closing Stock = 2,00,000 - 84,500 = 1,15,500 Opening Stock = 1,15,000 x 100 / 110 = 1,05,000 Debtors Given Debtors Velocity = 40 days (Debtors / Sales) x 365 = 40 Debtors = (7,30,000 x 40) / 365 = 80,000 Gross Profit = 7,30,000 x 10/100 = 73,000 Proprietary Fund: Proprietary Ratio = Fixed Assets / Proprietary Fund = 0.6 Working Capital / Proprietary Fund = 0.4 Proprietary Fund = 1,20,000 / 0.4 = 3,00,000 Fixed Assets = 3,00,000 x 0.6 = 1,80,000 Net Profit = 10% of Proprietary Fund = 30,000 M/s Anya Co Ltd. Trading and Profit and loss Account for the year ended 31 March 2024 Particulars Amount in ₹ Particulars Amount in ₹ To Opening Stock 1,05,000 By Sales 7,30,000 To Purchase (Balancing Fig.) 6,67,500 By Closing Stock 1,15,500 To Gross Profit 73,000 8,45,500 8,45,500 To Operating Expenses (Balancing Figure) 43,000 By Gross Profit 73,000 To Net Profit 30,000 73,000 73,000 Balance Sheet as on 31 March 2024 Liabilities Amount in ₹ Assets Amount in ₹ Share Capital 2,50,000 Fixed Assets 1,80,000 Reserves & Surplus (Opening bal. + current profit) 50,000 Current Liabilities Current Assets Bank Overdraft 15,000 Stock 1,15,500 Other Current Liabilities 65,000 Debtors 80,000 Other Current Assets 4,500 3,80,000 3,80,000