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Question 01 Chapter 1 of +2-B
Arrangement of Balance sheet Items
1. (Exhibiting full paid-up capital) Punjab Steel Ltd. Has an authorized capital of 50,00,000 divided into shares of Rs100 each. It issues 40,000 shares to the public.
Public subscribed for 38,000 shares and received the full amount on shares. Show share capital in the Balance Sheet.
Balance Sheet of Punjab Steel Limited
| Particulars |
Note no. | Amount |
|---|---|---|
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| Share Capital | 1 | 38,00,000 |
| Total | 38,00,000 |
Balance Sheet of Punjab Steel Limited
| Particulars |
Note no. | Amount |
|---|---|---|
| 1. Share Capital | ||
| 50,000 Shares of Rs 100 each | 50,00,000 | |
| 2. Issued Capital | ||
| 40,000 Shares of Rs 100 each | 40,00,000 | |
| Subscribed & Fully Paid-up Capital | ||
| 38,000 Shares of Rs 100 each | 38,00,000 |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 01 Chapter 1 of +2-B - USHA Publication 12 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication Part 2 volume I.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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