2. Topic number-15 : AS-29 (provisions for contingent liabilities) Presented by Amit Dinesh kumar. J
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9. Balance sheet of Y ltd as on 31 st march, 2011 Liabilities Rs Assets Rs Current liabilites: Current assets Bank overdraft xxx Cash in hand xxx B/P xxx Cash at bank xxx Outstanding expenses xxx B/R xxx Sundry creditors xxx Sundry debtors xxx Income received in advance xxx Prepaid expenses xxx Accrued income xxx Closing stock xxx Long term liabilities: Fixed assets: loan xxx Furniture and fixture xxx Capital: opening balance xxx Plant machinery xxx Net profit xxx building xxx Net loss land xxx drawing xxx goodwill xxx