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

Question 05 Chapter 1 of +2-B
Q-5- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 05 Chapter 1 of +2-B

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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: – 

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Balance Sheet of Ceat Tyre Limited

Particulars
Note no.Amount
I. Equity and Liabilities  
1. Shareholders’ Funds  
Share Capital116,25,000
Total 16,25,000

Notes to Accounts

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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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