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On 31st March, 2019 the Balance Sheet of Laxmi Ltd. was as follows: Note Amount Particulars No. 1 1. Equity and Liabilities:

2 1,00,000 (3) Non-Current Liabilities: Long-term Borrowings (4) Current Liabilities: Trade Payable Total 11 Assets Non-curre

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Answer #1

Fair value of shares 1 Net Asset Vaue basis 2 NRR Basis Particulars Value Particulars Value Sundry Asset 5,00,000 Pre-Tax Pro

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