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Q42. Following are the Balance Sheets of Solar Power Ltd. as at 31st March, 2023 and 2022:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus | 24,00,000 6,00,000 | 22,00,000 4,00,000 |
| 2. Non-Current Liabilities Long-term Borrowings | 4,80,0000 | 3,40,000 |
| 3. Current Liabilities (a) Trade Payables (b) Short-term Provisions | 3,58,000 1,00,000 | 4,08,000 1,54,000 |
| Total | 39,38,000 | 35,02,000 |
| II. Assets | ||
| 1. Non-Current Assets Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (ii) Intangible Assets | 21,40,000 80,000 | 17,00,000 2,24,000 |
| 2. Current Assets (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents | 4,80,000 2,58,000 3,40,000 6,40,000 | 3,00,000 2,42,000 2,86,000 7,50,000 |
| Total | 39,38,000 | 35,02,000 |
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| 1. Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss | 6,00,000 | 4,00,000 |
| 2. Property, Plant and Equipment Machinery Less: Accumulated Depreciation | 25,40,000 (4,00,000) | 20,00,000 (3,00,000) |
| 21,40,000 | 17,00,000 | |
| 3. Intangible Assets Goodwill | 80,000 | 2,24,000 |
Additional Information:
During the year, a piece of Machinery ₹ 48,000 on which accumulated depreciation was ₹ 32,000, was sold for ₹ 12,000.
SOLUTION:
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