Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 5 Chapter 11 of Class 12 Part – 2 – 2024
Arrangement of Balance sheet Items
5. (Positive Balance in Reserve and Surplus) Ceat Tyre Limited has supplied the following details on 31-3-2018. You are required to show items in Balance Sheet.
| Rs | |
| General Reserve | 7,50,000 |
| Securities Premium Reserve | 5,00,000 |
| Surplus in Statement of profit and loss (Opening) | 10,00,000 |
Company Sustained Loss Rs 6,25,000 during the year ended 31st March 2018.
Balance Sheet of Ceat Tyre Limited
| Particulars |
Note no. | Amount |
|---|---|---|
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| Share Capital | 1 | 16,25,000 |
| Total | 16,25,000 |
Notes to Accounts
| Particulars |
Note no. | Amount |
|---|---|---|
| 1. Reserve & Surplus | ||
| General Reserve | 7,50,000 | |
| Securities Premium Reserve | 5,00,000 | |
| Surplus | ||
| Opening Balance | ||
| Surplus (Loss) for the period | 3,75,000 | |
| 16,25,000 |
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.
This guide covers "Question 5 Chapter 11 of Class 12 Part – 2 – 2024", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Textbook Solution.
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 5 Chapter 11 of Class 12 Part – 2 – 2024" instantly.