Chapter No. 1 – Financial Statements of a Company

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Chapter No. 1 – Financial Statements of a Company – Solution: –

Question No.1 Chapter No.1 T.S. Grewal 2 Book Part B 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 1 Chapter 1 of +2-B 1. What are the major heads in the equity and liabilities part of the balance sheet as per schedule III? The solution of Question ...
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Question No. 2 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 2 Chapter 1 of +2-B 2. Under which major head will the following be shown: (i) Share Capital; and (ii) Money Received against share warrants? The solution of Question ...
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Question No. 3 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 3 Chapter 1 of +2-B 3. List any five items that are shown under Reserves and surplus. The solution of Question 3 Chapter 1 of +2-B: - Particular (1) ...
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Question No. 4 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 4 Chapter 1 of +2-B 4. Under which sub-head will the following be classified or shown: Long-term borrowing; (ii) Deferred Tax liabilities(net); and (iii) Long-term provision. The solution of ...
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Question No. 5 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 5 Chapter 1 of +2-B 5. Name the items that are shown under long-term borrowing. The solution of Question 5 Chapter 1 of +2-B: - Particular (1) Note No ...
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Question No. 6 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 6 Chapter 1 of +2-B 6. A company has an opening credit balance in surplus, i.e., Balance in the statement of profit and loss of Rs 1,00,000. During the ...
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Question No. 7 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 7 Chapter 1 of +2-B 7. State giving whether Trade receivables are classified as Current assets or non-current assets in the balance sheet of a company as perschedule III ...
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Question No. 8 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 8 Chapter 1 of +2-B 8. State giving whether Trade Payables are classified as Current liabilitiesor non-current liabilities in the balance sheet of a company as perschedule III of ...
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Question No. 9 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 9 Chapter 1 of +2-B 9.Under which head and how are the following items shown in thebalance sheet of a company under schedule III: (i) Calls-in-arrears; (ii) Share Application ...
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Question No. 10 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 10 Chapter 1 of +2-B 10.Under which main head and sub-head of Equity and Liabilities part ofthe balance sheet is the following items classified or shown: (i)Bonds (v) Forfeited ...
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Question No. 11 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 11 Chapter 1 of +2-B 11.State any two items that are included in the following major heads underwhich liabilities of a company are shown: (i)Reserves and Surplus;(ii)Long-term Borrowings;(iii) Short-term ...
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Question No. 12 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 12 Chapter 1 of +2-B 12.Classify the following items under major head and sub-head (if any) inthe Balance Sheet of a company asper Schedule III of the Companies Act,2013: ...
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Question No. 13 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 13 Chapter 1 of +2-B 13.Under which major head and Sub-head of the Assets part of the Balance Sheet will the Following Be Shown:(i) Intangible Assets; (ii)Intangible Assets Under ...
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Question No. 14 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 14 Chapter 1 of +2-B 14.Under which heads following items are classified or shown on the Assetspart of the Balance Sheet of a company:(i)Loose Tools; (ii)Bills Receivable;(iii)Sundry Debtors; (iv)AdvanceRecoverable ...
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Question No. 15 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 15 Chapter 1 of +2-B 15.Under which heads following items on the assets part of the BalanceThe sheet of a company will be presented:(i)Sundry Debtors; (ii)Patents and Trademarks; (iii)Shares ...
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Question No. 16 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 16 Chapter 1 of +2-B 16. Under which of the heads will the following items be shown whilepreparing Balance Sheet of a company, as per Schedule III of theCompanies ...
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Question No. 17 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 17 Chapter 1 of +2-B 17. Under which of the heads will the following items be shown in BalanceA sheet of a company; (i)Bank Balance; (ii)Investment(long-term); (iii)Outstanding Salary; (iv)Authorised ...
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Question No. 18 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 18 Chapter 1 of +2-B 18. Under which of the heads will the following items be shown in BalanceA sheet of a company; (i)Calls-in-Arrears; (ii)The commission received in advance; ...
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Question No. 19 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 19 Chapter 1 of +2-B 19. Under which heads the following are shown in a company’s Balance Sheet: (i)Public Deposits; (ii)Office Furniture; (iii)Prepaid Rent; (iv)Outstanding Salaries; (v)Computer Software; (vi)Interest ...
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Question No. 20 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 20 Chapter 1 of +2-B 20. Name the major heads under which the following items will we presented in the Balance Sheet of a company as per Schedule III ...
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Question No. 21 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 21 Chapter 1 of +2-B 21. Identify the major heads under which the following items will be shown in the balance sheet of a company as per Schedule III ...
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Question No. 22 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 22 Chapter 1 of +2-B 22. Under Which major headings and Sub-headings the following items will be shown in the Balance Sheet of a company as per Schedule III ...
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Question No. 23 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 23 Chapter 1 of +2-B 23. How are the following items shown while preparing the Balance Sheet of aCompany: (i)Surplus, i.e., Balance in Statement of Profit and Loss (Dr.); ...
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Question No. 24 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 24 Chapter 1 of +2-B 24.Hero Ltd. Has raised following long-term loans on 1st April 2018:Company: Rs. 10,000; 10% Debenture of each redeemable in four equal yearly 10,00,000 Instalments ...
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Question No. 25 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 25 Chapter 1 of +2-B 25. Prepare Balance Sheet of Recovery Ltd. As per Schedule III of the CompaniesAct, 2013: Rs. 10% Debenture of Rs 100 each 1,90,000 Stock-in-Trade ...
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Question No. 26 Chapter No.1 T.S. Grewal 2 Book Part B min 360x203 - Chapter No. 1 - Financial Statements of a Company
Question 26 Chapter 1 of +2-B 26. Prepare Balance Sheet of VT Ltd. As at 31st March 2019, from the following information as per Schedule III, Part I of the ...
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Question No. 27 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 27 Chapter 1 of +2-B 27.From the following information extracted from the bools of Howrah Ltd. Prepare Balance Sheet of the company on 31st March 2019 as per Schedule ...
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Question No. 28 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 28 Chapter 1 of +2-B 28. Prepare Balance Sheet of HP Ltd. As at 31st March 2019 from the following information: Rs. Equity Share Capital 20,00,000 12% Preference Share ...
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Question No. 29 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 29 Chapter 1 of +2-B Revenue from Operation and Other Income 29. Which head following revenue items of a non-financial company will be classified or shown: (i) Sales; (ii) ...
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Question No. 30 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 30 Chapter 1 of +2-B 30. Which head following revenue items of a financial company will be classified or shown: (i) Profit on Sale of Building; (ii) Revenue from ...
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Question No. 31 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 31 Chapter 1 of +2-B 31. Which head following revenue items of a financial company will be classified or shown: (i) Profit on Sale of Fixed Assets; (ii) Fee ...
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Question No. 32 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 32 Chapter 1 of +2-B 32. Calculate Cost of Materials Consumed from the following:Opening Inventory of material Rs. 5,00,000; Purchase of Material Rs. 25,00,000; and Closing Inventory of Materials ...
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Question No. 33 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 33 Chapter 1 of +2-B Cost of Material Consumed 33. Calculate Cost of Materials Consumed from the following:Opening Inventory of; materials Rs. 2,50,000; Finished Goods Rs. 1,00,000; Closing Inventory ...
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Question No. 34 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 34 Chapter 1 of +2-B Cost of Material Consumed 34. Calculate Cost of Materials Consumed from the following:Opening Inventory of : materials Rs. 3,50,000; Finished Goods Rs. 75,000;Stock-in-Trade Rs ...
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Question No. 35 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 35 Chapter 1 of +2-B Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 35. From the following information, calculate Change in Inventory of finished Goods: Opening Inventory and ...
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Question No. 36 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 36 Chapter 1 of +2-B Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 36.From the following information, calculate Change in Inventory of finished Goods: Opening Inventory and Closing ...
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Question No. 37 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 37 Chapter 1 of +2-B Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 37. From the following information, calculate Change in Inventory of Work-in-Progress: Opening and Closing Work-in-Progress ...
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Question No. 38 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 38 Chapter 1 of +2-B Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 38.From the following information, calculate Change in Inventory of Work-in-Progress: Opening and Closing Work-in-Progress Rs.1,50,000 ...
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Question No. 39 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 39 Chapter 1 of +2-B Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 39. From the following information, calculate Change in Inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade ...
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Question No. 40 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 40 Chapter 1 of +2-B Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 40.From the following information, calculate Change in Inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade Rs ...
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Question No. 41 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 41 Chapter 1 of +2-B Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 41.From the following information of Hospitality Ltd. For the year ended 31st March,2018, calculate amount ...
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Question No. 42 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 42 Chapter 1 of +2-B Employee Benefit Expenses 42. From the following information, Compute the Amount to be Shown in Note To Accounts on Employees Benefit Expenses: Wages Rs.5,40,000; ...
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Question No. 43 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 43 Chapter 1 of +2-B Employee Benefit Expenses 43. From the following information, Prepare Note To Accounts on Employees Benefit Expenses: Wages Rs. 2,70,000;Salaries RS. 3,60,000; Staff Welfare Expenses ...
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Question No. 44 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 44 Chapter 1 of +2-B Employee Benefit Expenses 43.From the following information, Prepare Note To Accounts on Employees Benefit Expenses: Wages Rs. 2,70,000;Salaries RS. 3,60,000; Staff Welfare Expenses Rs ...
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Question No. 45 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 45 Chapter 1 of +2-B Finance Costs 45. From the following Information, Prepare notes to account on Finance Costs: Interest paid to Bank Rs. 75,000; Interest on Debentures Rs.58,000; ...
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Question No. 46 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 46 Chapter 1 of +2-B Depreciation and Amortisation Expenses 46.From the following Information on Best Marketing Ltd. For the year ended 31st March 2019 Prepare Note to Accounts on ...
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Question No. 47 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 47 Chapter 1 of +2-B Other Expenses 47.Identify which of the following items will be shown in the Note To Accounts on Other Expenses?(i) Salaries; (ii) Postage Expenses; (iii) ...
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Question No. 48 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 48 Chapter 1 of +2-B Miscellaneous 48. Under which Line item (major head) of the Statement of Profit and Loss of non-financial company will the following be shown:(i) Sale ...
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Question No. 49 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 49 Chapter 1 of +2-B Miscellaneous 49.Under which Line item (major head) of the Statement of Profit and Loss of non-financial company will the following be shown:(i) Interest on ...
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Question No. 50 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 50 Chapter 1 of +2-B Miscellaneous 50.Under which Line item of the Financial Statements following items will be shown:(i) Sales; (ii) Loss on Sale of Vehicle; (iii) Debentures; (iv)Unamortised ...
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Question No. 51 Chapter No.1 T.S. Grewal 2 Book Part B min 360x202 - Chapter No. 1 - Financial Statements of a Company
Question 51 Chapter 1 of +2-B Miscellaneous 51.State under which major headings and sub-headings the following items will be Presented in the Balance Sheet of a company as per Schedule ...
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Go To other books Book Keeping of Class +2

  1. T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms) – Solution
  2. T.S. Grewal’s Book Keeping +2 Part – B Analysis of Financial Statements – Solution

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2 Book 3 min 225x300 - Chapter No. 1 - Financial Statements of a Company
T.S. Grewal’s Analysis of Financial Statements