Prepare Income Statement and Balance Sheet from Ratios - Financial Management - Ratio Analysis

The following accounting information and financial ratios of XYZ Ltd. relate to the year ended 31st December, 2013:

If value of fixed assets as on 31st December, 2012 amounted to Rs 26 lakhs, prepare a summaried profit and loss account of the company for the year ended 31st December, 2013 and also the Balance Sheet as on 31st December, 2013.

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