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

Q-6- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 06 Chapter 1 of +2-B

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Arrangement of Balance sheet Items

6. (Negative Balance: Reserve and Surplus) Jupitor Limited, has the following balances as on 31st March 2018.

 Rs
General Reserve 12,00,000
The surplus in Statement of profit and loss (Opening)(7,50,000)

There is a loss of Rs 6,00,000 during the year ended 31st March 2018. exhibits the items in the Balance Sheet.

The solution of Question 06 Chapter 1 of +2-B: – 

Balance Sheet of Jupitor Limited

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Particulars
Note no.Amount
I. Equity and Liabilities  
1. Shareholders’ Funds  
Reserve & Surplus1(1,50,000)
Total (1,50,000)

Notes to Accounts

Particulars

Note no.Amount
1. Reserve & Surplus   
General Reserve  12,00,000
Surplus  2,50,000
Opening Balance(7,50,000)  
Surplus (Loss) for the period(6,00,000) (13,50,000)
   (1,50,000)


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 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.

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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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