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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 16 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
The following Balance appear in Books of Y Ltd
| ₹ | |
| Land and Building | 1,80,000 |
| Plant and Machinery | 1,25,000 |
| Goodwill | 15,000 |
| Stock | 90,000 |
| Cash | 30,000 |
| Shares Capital: 1,000 Equity shares @ ₹ 100 each; ₹ 75 per share called up and paid ep | 75,000 |
| 8% Debenture | 3,00,000 |
| Preliminary expenses | 5,000 |
| Creditors | 45,000 |
| Dividend payable | 25,000 |
Shown the above items under the major heads in accordance with Part 1 of Schedule 3 of companies Act, 2013.
Balance sheet of y Ltd.
| Particulars | Note | Amount ₹ | |
|---|---|---|---|
| Shareholder’s fund | |||
| Share capital | 75,000 | ||
| Reserve and Surplus | |||
| Preliminary expenses | 5,000 | ||
| Non-Current Liabilities | |||
| Long term borrowing | |||
| Debenture | 3,00,000 | ||
| Current Liabilities | |||
| Trade payable (creditors) | 45,000 | ||
| Short term provisions | |||
| Dividend | 25,000 | ||
| 4,40,000 | |||
| Non-Current Assets | |||
| Fixed Assets | |||
| Land & Building | 1,80,000 | ||
| Plant | 1,25,000 | 3,05,000 | |
| Intangible – Goodwill | 15,000 | ||
| Current Assets | |||
| Investment – Stock | 90,000 | ||
| Cash and Cash Equivalent | 30,000 | ||
| 4,40,000 |
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 No 16 Chapter 4 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
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