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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: –
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Balance Sheet of Jupitor Limited
Particulars | Note no. | Amount |
I. Equity and Liabilities | ||
1. Shareholders’ Funds | ||
Reserve & Surplus | 1 | (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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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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