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

Question 05 Chapter 1 of +2-B

Question 05 Chapter 1 of +2-B

Arrangement of Balance sheet Items

5. (Positive Balance in Reserve and Surplus) Ceat Tyre Limited has supplied the following details on 31-3-2018. You are required to show items in Balance Sheet.

  Rs
General Reserve  7,50,000
Securities Premium Reserve  5,00,000
Surplus in Statement of profit and loss (Opening) 10,00,000

Company Sustained Loss Rs 6,25,000 during the year ended 31st March 2018.

 

 

The solution of Question 05 Chapter 1 of +2-B: – 

 

Balance Sheet of Punjab Steel Limited

Particulars
Note no. Amount
I. Equity and Liabilities    
1. Shareholders’ Funds    
Share Capital 1 16,25,000
Total   16,25,000

 

 

Balance Sheet of Punjab Steel Limited

Particulars
Note no. Amount
1. Reserve & Surplus    
General Reserve   7,50,000
Securities Premium Reserve   5,00,000
Surplus    
Opening Balance    
Surplus (Loss) for the period   3,75,000
    16,25,000


To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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T.S. Grewal’s Analysis of Financial Statements

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