Question 02 Chapter 1 of +2-B
Arrangement of Balance sheet Items
2. (Exhibiting Not Full Paid-up Capital) Good Year Tyre Limited has an authorized capital of 20,00,000 divided into Rs 10 shares. It invited applications for 1,00,000 shares company received full face value on 99,000 shares. However, on 1,000 shares the final call of Rs 3 is not received.
Show the above in the Balance Sheet.
The solution of Question 02 Chapter 1 of +2-B: –
Balance Sheet of Good Year Tyre Limited
Particulars |
Note no. | Amount |
I. Equity and Liabilities | ||
1. Shareholders’ Funds | ||
Share Capital | 1 | 9,97,000 |
Total | 9,97,000 |
Notes to Accounts
Particulars |
Note no. | Amount |
1. Share Capital | ||
Authorised Capital | ||
2,00,000 Shares of Rs 10 each | 20,00,000 | |
2. Issued Capital | ||
1,00,000 Shares of Rs 10 each | 10,00,000 | |
Subscribed Capital | ||
Subscribed & Fully Paid-up Capital | ||
99,000 Shares of Rs 10 each | 9,90,000 | |
Subscribed but not Fully Paid-up Capital | ||
1,000 Shares of Rs 100 each | ||
Less :Calls in arrears (1,000 x Rs 3 ) | 7,000 | |
9,97,000 |
To understand more about Balance Sheet please check out following links:
Balance Sheet: Meaning, Format & Examples
Thanks, Please Like and share with your friends
Comment if you have any question.
Advertisement-X
End of Solution
Check Out the Solution of all questions of this chapter:
The solution to all questions of Chapter No. 11 – Financial Statements of a Company Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
Question 08 Chapter 1 of +2-B – USHA Publication 12 Class
Advertisement-X
Advertisement-Y
Question 18 Chapter 1 of +2-B – USHA Publication 12 Class
Advertisement-X
Advertisement-Y
Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.
Advertisement-X
Thanks again.
End of Post
Download a PDF of Chapter No. 11 – Financial Statements of a Company:
If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.
Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Advertisement-X
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Accounting Ratios
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication
Leave a Reply