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

Q 6 CH 1 Book 2 Usha Pub. 2 Book 2020 Solution min 1 - Question 06 Chapter 1 of +2-B  - USHA Publication  12 Class

Question 06 Chapter 1 of +2-B

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 Punjab Steel Limited

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

 

 

Balance Sheet of Punjab Steel Limited

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

2 Book 3 min 225x300 - Question 06 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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