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Question 25 Chapter 1 of +2-B
25. (Identification of Major Heads in B/S) The following balances are supplied, on the basis of which you are required to show the major appropriate heads in which the items given below will appear in the balance sheet of Veekay Ltd. As on 31st March 2018.
| Particular | Rs |
| Plant and Machinery | 5,60,000 |
| Building | 10,00,000 |
| Equity shares capital (Authorised) | 20,00,000 |
| Equity shares of Rs 100 each Rs70 called and paid-up | 14,00,000 |
| 10% Debentures | 55,000 |
| Furniture & Fixtures | 20,000 |
| Long term bank loans (secured) | 1,25,000 |
Balance Sheet
| Particulars |
Note no. | Amount |
|---|---|---|
| II Equity & Liabilities | ||
| 1. Shareholders’ Fund | ||
| Share Capital | 14,00,000 | |
| 2. Non-Current Liabilities | ||
| 10% Debentures | 55,000 | |
| Long term bank loans | 1,25,000 | |
| Total | 15,80,000 | |
| II Assets | ||
| 1. Non-current Assets | ||
| Fixed Assets | ||
| Tangible Assets | ||
| Plant and Machinery | 5,60,000 | |
| Building | 10,00,000 | |
| Furniture & Fixtures | 20,000 | |
| Total | 15,80,000 |
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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 25 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.
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