Buildings are now worth Rs.5,00,000, and plant and machinery is worth Rs.4,75,000. You are required…

Model: Capital employed—Computation of The following is the balance sheet of Vasanth Ltd. as at 31 March 2010:

Liabilities

Assets

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Equity shares of ? 10 Each Fully Paid Up

10,00,000

Goodwill

1,00,000

General Reserve

Buildings (Cost): 30,00,000

Profit and Loss Account

3,00,000

Less: Depreciation 30,000

2,70,000

15% Debentures

2,00,000

Plant & Machinery (Cost): 6,00,000

Creditors

2,00,000

Less: Depreciation: 1 00 000

5,00,000

Workmen"s Profit Sharing Reserve

60,000

Furniture (Cost): 70,000

Workmen"s Compensation Reserve

50,000

Less: Depreciation: 20.000

50,000

30,000

Trade Investments

(Cost: ? 2,00,000)

1,75,000

Stock

2,80,000

Debtors: 40,00,000

Less: Prov. for Bad Debts: 50,000

3,50,000

Cash at Bank

90,000

Preliminary Expense

25,000

18,40,000

18,40,000

Buildings are now worth Rs.5,00,000, and plant and machinery is worth Rs.4,75,000. You are required to compute the value of capital employed.

 

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