The document provides financial information for a company as of December 31, 2004 to prepare a balance sheet. It lists assets totaling Rs. 557,000, which include equity shares, buildings, revenue reserves and surplus, debtors, cash, plant and machinery, furniture, freehold property, goodwill, and inventories. It also lists liabilities totaling Rs. 208,000, which include trade creditors, capital revenue, bills payable, bank overdraft, and provision. It provides a list of 32 Indian accounting standards covering various topics.

1. From the following information prepare a balance sheet in vertical as well as
horizontal format as on 31st Dec, 2004
Particulars Amount
Equity shares – 191000
Building – 200000
Revenue Reserves & Surplus – 30000
Trade Creditors – 40000
Capital revenue – 70000
Cash Balance – 20000
Sundry Debtors – 35000
Bills Payable – 60000
Plant & Machinery – 55000
Furniture – 20000
Bank Overdraft – 80000
Provision – 20000
Freehold Property – 12000
Good Will – 30000
Inventories – 57000
Investments (temprory) – 42000
Bills receivable – 20000
AS
NO.
TITLE OF ACCOUNTING STANDARDS
AS-1
AS-2
AS-3
AS-4
AS-5
AS-6
AS-7
AS-8
AS-9
AS-10
AS-11
AS-12
AS-13
AS-14
AS-15
AS-16
AS-17
AS-18
AS-19
AS-20
AS-21
AS-22
DisclosureofAccountingPolicies
ValuationonInventories(Revised)
CashFlowStatement (Revised)
ContingenciesandEvents(Occurringafter the BalancesheetDate)
Net Profitor Lossforthe period,prior period Itemsand changesin
AccountingPolicies(Revised)
DepreciationAccounting
ConstructionContract
AccountingforResearchandDevelopment(Standswithdrawnafter
introductionofAS-26)
RevenueRecognition
AccountingforFixedAssets
TheEffectsof Changes inForeignExchangeRates(Revised)
Accountingfor GovernmentGrants
AccountingforInvestment
AccountingforAmalgamation
EmployeeBenefits
BorrowingCost
SegmentReporting
RelatedParty Disclosure
Leases
EarningsPershare
ConsolidatedFinancial Statement
AccountingforTaxesonIncome

2. AS-23
AS-24
AS-25
AS-26
AS-27
AS-28
AS-29
AS-30
AS-31
AS-32
AccountingforInvestmentin AssociatesinConsolidatedFinancial
Statement
DiscountingOperations
Interim Financial Reporting
IntangibleAssets
Financial ReportingofInterestin JointVenture
Impairmentof Assets
Provision,ContingentLiabilitiesandContingentAssets
Financial Instruments:RecognitionandMeasurement
Financial Instruments:Presentation
Financial Instruments:Disclosure