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 1024x576 - 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

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.