SQP Code: PB-5/15 Series i-Succeed 5-25/15 RollNo.

j II II []

Sample Question Paper Ofi

Accounts 12th (Code 858)
6eneral Instructions
1. Candidates are alJowed additional 15 minutes for only reading the paper. They must not
start writing during this time.
2. Section-A is compulsory for all candidates and has ten questions. Time: 3 Hrs.
3. Candidates have to attempt all questions from either Section-B or Section-C•.
Max. ~arks : so
4. Internal choices have been provided in five questions in Section-A and one question in
Section-B.
5. The intended marks for questions or parts of questions are given in the brackets [ ].
6. All calculations should be shown clearly.
7. All workings, including rough work, should be done on the same page as, and adjacent to,
the rest of the answer.
"Section-Chas not been covered.

[60 Marl<s]
Section A Answer All Questions
D - Distribution of profit among the partners
Que 1.
In sub-parts (i) to (iv), choose the correct option and Codes
(a) A, B, D, C (b) C, D, B, A
in sub-parts (v) to (x) answer the questions as
(c) A, B, C, D (d) D, B, C, A
instructed.
(i) When a company issue fully paid shares to (iii) G India Ltd. issue~ 5,000, 12%
promoter for their services, the journal entry debentures of f 100 each at a discount of 5%
redeemable at the premium of 6%. What .
will be (Application) (1]
amount will be transferred to loss on issue of
(a)BankNe Dr
.deb!;!i:ttl,l.res
,. account?
. · (Application) 11)
To Share Capital Ne (c) f 50,000 (d) f 30,00)
(a) f 60,000 (b) f 55,000
(b) Underwriter's Ne Dr
(iv) Manoj, Mohan and Mayank were partners ina
To Share Capital Ne
firm sharing profits in the ratio of 2:1:1. They
(e) Promoter's Ne Dr
decided to dissolve the firm with effect from
To Share Capital Ne
31st March, 2022.
(d) Promotion Expenses Ne Dr
To Share Capital Ne
While paying-off their liabilities, creditors
(f 36,000) decided to take the furniture of the
(ii) Choose the correct order of the following in firm (f 70,000) and the remaining amount was
relation to the division of profits. (Recall) [lJ
paid by the creditors. The journal entry passed
A - Rent paid to partner
will be (Application) 11)
B - Transfer of profit to profit and loss
(a) Creditors A/c Dr 36,000
appropriation account 36,000
To Furniture
C - Transfer to general reserve
 129

(b) Furniture Ne
To Creditors A/c (ix) A, Band C are partners in a firm. Their
70,000 balance sheet showed sundry assets of
(c) aanl< Ne Dr 34,000
To Realisation Ne '2,69,100 at the time of dissolution of the
34,000 firm.
(d) Realisation Ne Dr 34,000
To BankA/c Bis to take over some of the sundry
- . . 34,000 assets at f 1,65,600 (being 10% less than
wi,en deb entures are issued at a d.
(V) ..,d are redeemable at a prenuu isco~t the book value).
a,, . d b·t d m, Which C is to take over remaining sundry assets
account is e 1 fed_at the time of issue to
show amount do 1scount on issueof at 80% of the book value.
. You are required to pass the journal entry
debentures an premium on redem ti
of debentures? ( P on for sundry assets taken over by C.
Understanding> [l] (Afplication) [11
') _Assertion (A) G oodwill is the prese t (x) The Ministry of Corporate Affairs (MCA)
(VI valu~ o f a f.irm's anticrpated
. expected n
earnings. · has levied a penalty on SMP
Constructions Private Limited for not
Reason (R) The capitalised value attach d attaching cash flow statement along with
to the diffe~ential profit capacity of a e
business is _c alled goodwill. the financial statements.
(Evaluate) [1)
.Alternatives Source Study cafe
(a) Both Assertion ~A) and Reason (R) are true Based on the above statement, apart from
and Reason (R) 1s the correct explanation of cash flow statement, name the other
Assertion (A) elements of financial statements of a
(b) Both Assertion (A) and Reason (R) are true company. (Understanding) (1)
but Reason (R) is not the correct explanati;n
of Assertion (A) Que 2.
(c) Assertion (A) is true, but Reason (R) is false The partnership agreement between Maneesh
(d) Assertion (A) is false, _b ut Rea.s on (R) is true and Girish provides that
( ii) M, S and G are partners in a firm with · (i) Profits will be shared equally.
v profit sharing ratio of 2:1:1. S retired on (ii) Maneesh will be allowed a salary of
31st March, 2022. M and G decided that" t 400 per month.
the new firm's capital will be fixed at (iii) Girish who manages the sales depart-
, 2,40,000. The capital accounts of Mand ment will be allowed a commission equal
G show a credit balance of t 1,64,000 and _to 10% of the net profits, after allowing
, 82,000 after making all the adjustments Maneesh's salary.
relating to revaluation, goodwill and
(iv) 7% interest will be allowed on partners'
accumulated profit etc. What will be the
fixed capital.
actual cash to be brought in by M and G?
(Application) [1] (v) 5% interest will be charged on partners'
(viii) Admission of a partner is the reconstitu- annual drawings.
tion of the firm because with the admission (vi) The fixed capitals of Maneesh and Girish
of a partner, existing agreement ends and are f 1,00,000 and f 80,000 respectively.
a new agreement among all the partners Their annual drawings were f .16,000
comes into existence. and f 14,000 respectively. The net profit
Source Accounting statement for the year ending 31st March, 2024
(a) At the time of admission of partner, amounted to f 40,000.
does the new partner is liable for any You are required to
profit on loss occurred before his (a) Calculate the amount of Girish's
admission? commission.
(b) Based on the above statement, state (b) Prepare firm's profit and loss
the mode(s) through which a partner appropriation account. (Application) [31
can be admitted into the firm,Recall) [11
:o
i Succeed Accounts
Class~
Oue 3. Pass ncressAry joumal entries in the books
Vimal Ltd · ed 58,000, 11% debentures of the finn for the above transactions. of
t ch· issu
co100 ea at a premium of 25%. Further,
mpany purchased furniture of~ 11 00 000 r :gtv Ltd. offered 20,00,000, 10% debe
faromMJs M 1
a hotra Furnitures. 50% of' the
'
of~ 200 each at a discount of 14% redee nlllteg
a:ou~t was paid to Malhotra Furnitures by at premium of 8% after 9 years. tnabte
cepting a bill of exchange and for the
balance, the company issued 11% debentures of (i) You are required to
t lOO each at a premium of 10%in favour of (a) Give the amount received on ti1
Malhotra Furnitures. application.
(b) Give the amount transferred to
You are required to pass journal entries to the loss on issue of debentures
record account.
(i) The amount received on application and (ii) Pass the journal entry for the transfe
allotment. of debenture application money of r
(ii) The transfer of application money to debenture account. (Applicaij
debentures account. on) hJ
Or
(iii) For the settlement of purchase
Nand Pvt. Ltd. issued 10,000, 9% debenture
consideration for the purchase of
furniture from Malhotra Furnitures.
~ 100 each to the public at 10% discount on: of
April, 2022. These debentures are redeetnabt
Show working notes clearly. (Application) (3] after 6 years at a premium of 10%. e
Pass the necessary journal entries for issue of
Que 4.
PQRS are partners in a firm sharing profits in debentures. (Application)
131
2 : 1 : 2 : 1 ratio. On the retirement of R, the
goodwill was valued at t 2,16,000. P, Q and S Que 6. .
From the following information prepare
decided to share future profits equally.
balance sheet of Sagarika (A lication) 1
(i) Calculate gaining ratio of the partners. 61
(ii) Calculate R's share of goodwill and Particulars
pass the necessary journal entry. Share Capital 50,00.CXX,
(Application) [3) Long-tenn Borrowings 30,00.CXX,
Or Short-term Borrowings 4,80,IXXJ
X, Y and Z are partners sharing profits in the Reserves and Surplus 12,00.CXX,

I
ratio of 4: 3: 2. On the 1st April, 2023. Ygave a
notice to retire from the firm. Xand Z decided
Other Current Liabilities
Trade Payables
1,10.CXX,
4,50,IXX)

to share future profits in the ratio of 1: l The Short-term Provisions 60,IXX)

capital accounts of Xand Z after all Property, Plant and Equipment 72,00,IXX)
adjustments showed a balance oft 21,500 and Inventories 11,00,IXX)
10,()(),IXX)
t 40,250 respectively. Non-current Investment
Cash and Cash Equivalents 3,50,(XX)
The total amount to be paid to Y was t 47,750. 6,00,00)
Trade Receivables
This amount was to be paid by X t 33,250 and 50,(XX)
Other Current Assets
by Z t 14,500.
 paper 05 131
estiorl
IP" a~ ---;::::-:::::==-:;;;_-;;;:=~=·--~--=---- --=-= = ::=-'I
artners sharing profits In the r d to
.1 d C ~re/rrn. On that date the balance shatio of 3 : 1 : 1. On 31st March, 2024 they decide ~
,ullrojf ~fl t1tei! eet Was as follows I
i':s501ve Balance Shfft
o• as at 31st March, 2024
I
1,10,00() Sundry~ 5 -W 31 A~~!d&) \
Fumlture 4,000

I
40,000
8 28,00()
Stock 31,200
1,78,00() Debtors
C 96,800
__,.,mots 3
2.000 (-) Provision for Doubtful Debt5 (4,800) 92.000
O"- ,.ceount 6,000 Cash
tpa1' 12,800
2,16,00()
2,16,000

d t1tat (iii) Interest on drawings was to be charged

lt iS agree take over the furniture at t 3 200
1·s to . . ' , @ 4% per annum.
(i) A debtors amounting to 80,000 at
a!ld 800 and also he agreed to pay the (iv) Profits and losses were to be shared in the
t' 68d,·tors of t 32,000. ratio of their capitals.
ere l
. to take over the stock at ? 28,000 and The net profit of , 4,50,000 for the year ended
15
(ii) 6 f sundry assets at t 28,800 which is 31st March, 2024 was divided equally amongst
fo%
art o b k 1
Jess ti:ian the oo va_ u~. the partners without providing for the terms of
the deed.
. lo take over the remauung sundry
(iii) C is ts at 90% of the book value, less ? 400 :ou are required to pass a single adjus~g
asse
d •scount and a1so agreed to pay the Journal entry to· rectify the error. Show the
ai:
as along with accrued interest of ? 120 working clearly.
(Application) [6)
~hich has not been recorded in the books.
Or
. fhe dissolution expenses were, 1,080.
(1V) · Aman, Raman and Chaman are partners with
The remaining debtors were sold to a debt fixed capitals of, 4,00,000, , 3,00,000 and
(v) collecting agency for 50% of the book value.
' 2,00,000 respectively. The balance of current
') On the date of dissolution, the firm made accounts on 1st January, 2021 were Aman
(vi a loss of t 28,000 on account of realisation '20,000 (Cr), Raman , 8,000 (Cr) and Chaman
of assets and settlement of liabilities. \' 6,000 (Dr).
You are.re9uired to_prepa~e ·
. Aman gave a loan to the firm of , 50,000 on 1st
(a) Partners' capital account July, 2021. The partnership deed provided for
(b) Cash account [SJ the following
(Application) 111 (i) Interest on capital at 6%.
~, ~d S are partners in a firm. Their capital (ii) Interest on drawings at 9%. Each partner
accounts on 1st April, 2023 stood at \' 6,00,000, drew, 12,000 on 1st July, 2021.
f 4,80,000 and t 3,60,000 respectively. Each (iii) f 50,000 is to be transferred in ~ reserve
partner withdrew t 30,000 during the financial account.
year 2023-24. (iv) Profit sharing ratio is 5 : 3 : 2 upto .
As per the provisions of their partnership deed , 1,60,000 and above t 1,60,000 equally.
(i) J was entitled to a salary of f 6,000 per Net profit of the firm before above
month. adjustments was \' 3,96,720.
(ii) Interest on capital was to be allowed
Prepare profit and loss appropriation account
@ 10% per annum.
and show your workings clearly.
(Applic.ation)
132
i Succeed Accounts Oas
s~
•
Q~
(A) Megha and D and losses in the ratio of s :3 ,.,_Qeir
balance sheet eepa ;re partners in a firm, sharing profits
as at lst December, 2022 was as follow
s · 4

B.t.luceSheet
as at 31st December, 2022

sse
Sun dry Creditors Cash at Bank
ProVident Fun d 70,000
35,000 Sundry Debtors
Wo rkm en's Compensation Fund ts (2,100) 67,900
20,300 (-) Provision for Doubtful Deb
Capital Ncs Stock of Goods
87,500
Megha 2,80,000
2,45,000 Property, Plant and Equipment
Deepa 8,400
1,08,500 3,53,500 Profit and Loss Ne
4,61,3{)()
4.61,300

profits. Rahul brings t 70,000 as his

~~1{ ~dmitted Rahulfor goodwill in cash. He acquires his share entirely from Megha.
into par tne rsh ip wit h I/8 th sha re in
P a and f 42,000
Following revaluations are also made
by f 17,500.
(i) Provident fund is to be increased
(ii) Debtors are all good.
(iii) Stock includes f 10,500 for obs
olete items.
re.
(iv) Creditors are to be paid f 3,500 mo
to be revalued at? 2,45,000.
(v) Property, plant and equipment are
You are required to prepare
(a) Revaluation account l4½J
(b) Par tne rs' cap ital acc oun t ll½J
.
(c) Balance she et }Aca~08f l2J
re par tne rs in a firm , sha ring profits and los~es in ffigP
(B) Neel, Angad and Sugreev we v in the
2. An gad reti res fro m the firm and his share is taken up by Neel and Sugree
4 :3 :
ratio of 3 : 2.
ent , the g<;> odw ill wa s val ued at f 60,000 and the same is recorded .
At the time of retirem firm. Calculate new profit sharing ratio
dw ill acc oun t iri the boo ks of the
wi tho ut raising goo
a_nd Angad's share of goodwill. (Application) {2]
Or
et of Raj , Ne el and Ka ma l as at 31s t December, 2022 was as follows
The balance she
Balance Sheet
as at 31st December, 2022

Bank Balance
Bills Payables 800
5,000 Bills Receivable
Sun dry Creditors 9,000
6,000 Stock
C".eneral Reserve 16,000
7,100 Sundry Debtors
Lo.ans 2,000
Furniture
Cl"pit.1.1 A/cs 6,500
22,750 Plant and Machinecy
1uj 30,000
15,250 Buildings
~ff l
 Paper OS 133
stior'I
a~e
~~
e'e ing ratio was 3:2:1. Kamal di d
tit s~arzo23, the partnership deed e (~ii) On 500 equity sh.ires f 40 per share,
A'he pt Apr•1'
0 (iv) On 300 equity sh.ires t 20 per share.
.,.. ~otl1 tJ,at It ;as decided to forfeit 800 equity shares 011
o" vi0es ·U is to be calculated on the basis
f'°. coodwl s' purchase of the 4 years' w ich less th.ln t 50 were received. Out of these ,1
(i) £3 yea!profits. The profits were for~eited shares 600 equity shares were
0
veraS~ _ t 14,000 r;•ssued Including all the shares ol c;,legory
( ) at t 40 per share as t 60 paid-up.
I
'1'

1II
8 22
;021 - t 16,000
ozo - t 20,000 (i) Identify the shares on which less than (lJ 1
;019 t 10,000 . t SO have been paid.
. deceased partner to be given share of (ii) Find out how much amount has been [ti
~) flle ·t \lpto dat~ of death on the basis of received on these shares.
( prof\s for previous year. o[i
(iii) What is the amount of calls-in-arrears 1 i
profi ets have been revalued as under other than the aforementioned shares?
'flle ass (iv) Workout the calls-in-arrears by preparing
t 1oooo, debtors' 15,000, furniture
(iii)
stoC~o, pl~nt and machinery t 5,000, ~1
the table on these shares of categories ( 1
f ~ding t 35,000. A bill for, 600 was
and (d) which are forfeited.
b d worthless.
(v) You are required to
fo~ u are required to provide (a) Pass the entry for the forfeiture of
(a) 0'fhe eQtry for the adjustme~pJn 121 _shares on whichJess than t 50 are l2l
• J(alllal's share of goodwill. ) reciev~.
(b) Pass th~ entry fo~ the r~~ ution) £31
•·.'fhe enttr for the transfi~~lti™rd}
· reserve. '. . Or
• 'fhe adjusting entry for the
Ajanta Limited invited applications for 4,00,000
revaluation of assets aoq,pi.i\biUnm~
of its equity shares of? 10 each on the
• 'fhe entry for transfer of profit/loss following terms
Amt (t)
on revaluation to partner's f«PA\f,1(21
account. Payable on Application 5 per share
(b) A sum oft 12,900 was paid Payable on Allotment 3 per share
:iJnlllediately to Kamal's executors and Payable on First and Final 2 per share
the balance to be paid in two equal Application for 5,00,000 shares were received.
annual instalments together with
It was decided SP-05
interest at 10% on the amount
(i) to refuse allotment to the applicants for
outstanding.
You are required to pass entries for 20,000 shares;
the transfer of amount tq~~m~§n) [2] (ii) to allot in full to applicants for 80,000
executors. shares;
Que 10. (iii) to allot the balance of the available
shares pro-rata among the other
Sita Ltd. had authorised capital of 20,000 equity
shares of , 100 each. It issued 8,000 equity applicants; and
shares of, 100 each fully paid up to the (iv) to utilise excess application money in part
vendors of a machine. It issued 10,000 equity as payment of allotment money.
shares to the public which were fully One applicant, whom shares had been allotted
subscribed. During the first year only t 60 were on pro-rata basis, did not pay the amount due
called up payable t 20 on application, t 20 on on allotment and on the call and his 400 shares
allotment, f 10 on first call and f 10 on second
call. In respect of these shares, the amount were were forfeited.
The shares were re-issued @ ? 9 per share.
received as follows Show the journal and prepare cafA'p~ug~Jg, uoJ
(i) On 8,000 equity shares full money called. record the above.
134 i Succeed Accounts Oass

Section B [20 Mari<s)

Que 11.
Add itivnally, the relative percentages
(i) The global financial crisis has had a may be compared across companies and
positive fallout. Leading corporates have industries.
learnt to be more efflcient in managing Source lnvestopedia
their finances. Acco~ding to a study Which item is assumed to be 100 in case
~nducted by management consultancy of common size statement of profit and
firm Booz and Co, companies reduced loss and in the case of common ,~lyai,) It)
~eir working capital by 2% even as sales balance sheet?
ma-eased by 20% in 2008-09. (iv) Imagine a bustling boardroom packed
Source Economic times (edited) with executives and stakeholders
• What. is the formula to calculat~Analysls) awaiting the release of the company's
working capital? 1 financial performance. The room falls
• The working capital of IAN Ltd. is silent as the CEO proceeds to present the
t 2,00,000 and its current assets are financial statements.
t 6,00,000. What is its current rcm.,02m [lJ A financial statement is like the GPS of an
organisation one that provides you with a
(a) 15 : 1 . (b) 2: 1
•1 picture of its financial performance. The
(c) 1 : 2 (d) 1 : 1.5 documents can reveal a company's true
(ii) It is crucial to have cash flowing in the health and trajectory. They provide a
business and maintaining a proactive and comprehensive sn~psho~ ~f _an
disdplined approach to create cash flow enterprise's finanaal activities and
statements as it will give you a better position.
understanding of your business's cash Source ltappay.com
position and how to best manage cash
What is the main objective of fAWH~~~ 111
flows.
financial statements ?
Source Yahoo financ.e
(v) In 24th March, our net debt came down to
Based on the above statement, which of ~ 3,700 crore, which is a nearly ? 800 crore
the following is not the importance of deduction or nearly 18% net reduction.
preparation of cash flow s t ~ding) Il l This is also leading us to a debt equity
(a) It helps in capital budgeting decisions
ratio of 0.80 to 1, which is certainly a
(b) It facilitates in ascertaining cash flow good deleveraging.
from various activities This was attained by a very consisten.t
(c) It helps in ascertaining the net profit after focused policy and strategy that we did,
tax that infusion of capital into the company
(d) None of the above
at two stages and this has helped us to
(iii) The common size balance sheet shows the lower debt.
makeup of a company's various assets Source fk Tyres, Raghupati Singhania
and liabilities through the presentation of economic times
percentages, in addition to absolute (a) What is formula for debt equity ratio?
dollar values. (b) The debt equity ratio of a company is
This affords the ability to quickly 1.7:1. State with reason whether .
compare the historical trend of various interest received on calls-in-advance
line items or categories and provides a ~ 5,000 will improve reduce or will
baseline for comparison of two firms of not change the debt equit)(-',~tion)(JI
different market capitalisations.
sample Question Paper OS 135

oue 12.
tApplic.aticm> (JJ
prepare a comparative statement of profit
_ and loss from the following
__ . - . . .ffffl:
PMticulus - 202n "(i) " ., 2019 m '
Rev-enue from Operations 2.5,00.000 20,00,000
Cost of Material Conswned 13,00,000 10,00,000
Other Expenses 1.20,000 Nil
Tax Rate 50% 50'%,

13. Balance sheets of Jaiswal Ltd. as at 31st March, 2022 and 2021 were as !~ll~~s
Particulars . ..,. .. .
·--, - -. -
No. 2022 (?) ~ 2021 (f)

I. EQUITY AND LIABnnlES

1. Shattholders' Fund
(i ) Share Capital 10.00.000 7,00,000
(ii) Reserves and Surplus 2..50.000 1,50,000
ToW 12,50,000 8,50,000
n . ASSETS
1. Non-current Assets
Property, Plant & Equipment and Intangible Assets 1 8,00.000 5,00,000
2. Current .AAseta
(i) Inventory 1,00.000 75,000
(ii) Cash and Ca.sh Equivalents 3,50,000 2,,75,000
Tow 12,50,000 8,50,000

Notes to Accounts
Particulars --
..,.;;;,-.~
..
···-- ,
.

-·-· ~· .,
2022 (f) 2021 (~)

1. Property, PlEit & Equipment and Intangible A11ets

Plant and Machinery 8,00,000 5,00,000

Additional Informatio,n
(i) f 50,000 depreciation has been charged to plant and machinery during the year 2021-22.
(ii) A piece of machinery costing f 12,000 (book value f 5,000) was sold at 60% profit on book SP-05
value.
(iii) Proposed dividend for the year ended 31st March, 2021 and 2022 was? 40,000 and f 50,000
respectively.
(2)
{a) What is the value of net profit before tax?
(2)
(b) Calculate the cash flow from financing acitivity.
(Evaluate) (2)
(c) Prepare plant and machinery account.
Or
Prepare a cash flow statement on the basis of the information given in the Balance Sh~A~t~fgg:m
61
Industries Ltd, as at 31st March, 2020 and 2019
.. • • - ,._. ti

Particulars

L EQUITY AND LIABILITIES

1. Shareholders' Funds
(i) Share Capital 2,00,00) 1,50,(XX)
(ii) Reserves and Surplus 1 90,000 75,00)
136 . iSucceed A
ccountsc1
ass~
;;,.1st Maren, .,.,_st M~rch,
Particulars Note No, 2020 (~) 2019 (~)

2. N o n ~ t Liabilities
Long-term Bo1TOwings 87,500 87,50Q
3. Current Liabilities
Trade Payables 10,000 76,000
Total 3,87,500 3,88,50Q-
-.
Il. ASSETS
1. Non-current Assets
(i) Property, Plant & Equipment and Intangible Assets
(a) Property, Plant and Equipment 1,87,500 1,40,000
(ii) Non-current Investments 1,05,500 l,02,50Q
2. Current Assets
(i) Current Investments (Marketable) 12,500 33,500
(ii) Inventories 4,000 5,500
(iii) Trade Receivables 9,500 23,00(I
(iv) Cash and Cash Equivalents 68,500 84,000
Total 3,87,500 3,88,500
-
Notes to Accounts

1. Reserves and Surplus

Surplus (Balance in statement of profit and loss) 90,000 75,000
Que 14.
From the following informati(?_n, calculate any three out of the following (upto two decim~l places)
• •. (Application) 161
(i) Gross profit ratio (ii) Operating ratio
{iii) Inventory turnover ratio
Cash revenue from operations t 5,00,000, credit revenue from operations t 2,50,000, return
inwards t 50,000, opening inventory of goods f 1,20,000, closing inventory of goods
t 1,80,000 purchase of goods t 4,20,000, office expenses f 40,000, selling expenses t 20,000.
(iv) Debt to capital employed ratio, using the following information
Particulars Note No. Amt{~)
L EQUITY AND LIABILmES '
1. Shareholders' Funds
(i) Share Capital 4,00,000
(ii) Reserves and Surplus (Balance in statement of profit and loss) 1,00,000
2. Non-current Liabilities
Long-term Borrowings 1,50,000
3. Current Liabilities 50,000
;
Total 7,00,000
II. ASSETS
1. Non-cun-ent Assets
(i) Property, Plant and Equipment 4,00,000
(ii) Non-current Invesbnents
1,00,000
2. Current Assets 2,00,000
Total . 7,Q0,000