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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: – 

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Balance Sheet of Jupitor Limited

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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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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