Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 6 Chapter 11 of Class 12 Part – 2 – 2024
Arrangement of Balance sheet Items
6. (Negative Balance: Reserve and Surplus) Jupitor Limited, has the following balances as on 31st March 2018.
| Rs | |
| General Reserve | 12,00,000 |
| The surplus in Statement of profit and loss (Opening) | (7,50,000) |
There is a loss of Rs 6,00,000 during the year ended 31st March 2018. exhibits the items in the Balance Sheet.
Balance Sheet of Jupitor Limited
| Particulars |
Note no. | Amount |
|---|---|---|
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| Reserve & Surplus | 1 | (1,50,000) |
| Total | (1,50,000) |
Notes to Accounts
| Particulars |
Note no. | Amount | |
|---|---|---|---|
| 1. Reserve & Surplus | |||
| General Reserve | 12,00,000 | ||
| Surplus | 2,50,000 | ||
| Opening Balance | (7,50,000) | ||
| Surplus (Loss) for the period | (6,00,000) | (13,50,000) | |
| (1,50,000) | |||
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 6 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 6 Chapter 11 of Class 12 Part – 2 – 2024" instantly.