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Question 20 Chapter 11 of Class 12 Part – 2 – 2024
20. (Equity & Liabilities with Notes to Accounts) The following figures were extracted from the Trial Balance of X Ltd.:-
| Particular | Rs |
| Share Capital | 1,00,000 |
| Securities Premium Reserve | 10,000 |
| 12% Debentures | 50,000 |
| Fixed Deposits (Cr.) | 10,000 |
| Creditors | 5,000 |
Balance Sheet
| Particulars |
Note no. | Amount |
|---|---|---|
| II Equity & Liabilities | ||
| 1. Shareholders’ Fund | ||
| Share Capital | 1,00,000 | |
| Reserve & Surplus | 1 | 10,000 |
| 2. Non-Current Liabilities | 2 | 60,000 |
| 3. Current Liabilities | 3 | 5,000 |
| Total | 1,75,000 |
Notes to accounts
| Particulars |
Note no. | Amount |
|---|---|---|
| 1. Reserve & Surplus | ||
| Securities Premium Reserve | 10,000 | |
| 2. Non-Current Liabilities | ||
| 12% Debentures | 50,000 | |
| Fixed Deposits (Cr.) | 10,000 | |
| Current Liabilities | ||
| Creditors | 5,000 |
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.
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