Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 35 Chapter 1 VK Publications Class 12 Part 2 - 2021
35. Rearrange the following in the form of a Company’s Balance Sheet as per schedule III ,Part I of the Companies Act, 2013 :
Trade Payable Rs. 3,000
Unclaimed Dividend Rs. 12,000
Trade Receivable Rs. 11,000
Shares in NPTC Ltd. Rs. 20,000
Marketable Securities Rs. 50,000
Securities Premium Reserve Rs. 75,000
Prepaid Rent Rs. 1,000
Stores and Spares Rs. 6,000
Fixed Assets Rs. 2,000
| Particulars | Note No. | Current Year (Rs. ) | Previous Year (Rs.) |
|---|---|---|---|
| EQUITY AND LIABILITIES | |||
| 1.Shareholders' Funds | |||
| (a) Reserves and Surplus | 1. | 75,000 | |
| 2. Current Liabilities | |||
| (a) Trade Payable | 3,000 | ||
| (b) Other Current Liabilities | 2. | 12,000 | |
| Total | 90,000 | ||
| II. ASSETS |
|||
| 1. Non-current Assets |
|||
| a) Fixed Assets |
2,000 | ||
| (b) Non-Current Investments | 3. | 20,000 | |
| 2. Current Assets | |||
| (a) Inventories | 4. | 6,000 | |
| (b) Trade Receivables | 11,000 | ||
| (c) Cash and Cash Equivalents: | 5. | 50,000 | |
| (d) Other Current Assets | 6. | 1,000 | |
| Total | 90,000 |
Notes to Accounts:
| Particulars | Amount (Rs.) |
|---|---|
| 1. Reserves and Surplus: | |
| Securities Premium Reserve | 75,000 |
| 2. Other current Liabilities | |
| Unclaimed dividends | 12,000 |
| 3. Non- Current Investments . | |
| Shares in NPTC Ltd. | 20,000 |
| 4. Inventories : | |
| Stores and Spares | 60,000 |
| 5. Cash And Cash Equivalent | |
| Marketable securities | 50,000 |
| 6. Other Current Assets | |
| Prepaid Rent | 1,000 |
https://tutorstips.com/financial-statements-of-a-company-and-its-formats/#:~:text=Cash%20Flow%20Statment-,Definitions%20of%20Financial%20Statements%20of%20a%20Company%3A,operation%20during%20a%20certain%20period.%E2%80%9D
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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 35 Chapter 1 VK Publications Class 12 Part 2 - 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to V K Publications part 2 class 12.
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.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 35 Chapter 1 VK Publications Class 12 Part 2 - 2021" instantly.
