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Question 02 Chapter 1 of +2-B – USHA Publication 12 Class

Question 02 Chapter 1 of +2-B
Q-2- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 02 Chapter 1 of +2-B

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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 Capital19,97,000
Total 9,97,000

Notes to Accounts

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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

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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.

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Question 05 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 11 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 17 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 23 Chapter 1 of +2-B – USHA Publication 12 Class

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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)

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Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

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Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

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

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