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Question 03 Chapter 1 of +2-B – USHA Publication 12 Class

Question 03 Chapter 1 of +2-B
Q-3- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 03 Chapter 1 of +2-B

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Arrangement of Balance sheet Items

3. (Subscribed but Not Full Paid up Capital) Assam Tea Company was registered with 5,00,000 equity shares of Rs 100 each. The company invited applications for Rs 4,00,000 Equity shares. However, only 3,00,000 shares where subscribed and allotment was made to all applicants. Company called Rs 80 per share. One shareholder holding 5,000 shares did not pay first call of Rs 10. Show share capital in balance Sheet.

The solution of Question 03 Chapter 1 of +2-B: – 

Balance Sheet of Assam Tea Company

Particulars
Note no.Amount
I. Equity and Liabilities  
1. Shareholders’ Funds  
Share Capital12,39,50,000
Total 2,39,50,000

Notes to Accounts

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Particulars
Note no.Amount
1. Share Capital  
Authorised Capital  
5,00,000 Shares of Rs 100 each 5,00,00,000
2. Issued Capital  
4,00,000 Shares of Rs 100 each 4,00,00,000
Subscribed Capital  
Subscribed & Fully Paid-up Capital  
3,00,000 Shares of Rs 100 each, Rs 80 called up  
Less :Calls in arrears (5,000 x Rs 10 ) 2,39,50,000
  2,39,50,000

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

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

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Question 18 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 24 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)

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

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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

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.

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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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