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Question 07 Chapter 1 of +2-B – USHA Publication 12 Class

Question 07 Chapter 1 of +2-B
Q-7- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 07 Chapter 1 of +2-B

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Arrangement of Balance sheet Items

7. (Treatment of Reserve and Surplus/Bonus Shares Issued)

 Rs
General Reserve 3,00,000
Capital Reserve2,40,000
Securities Premium Reserve12,60,000
Surplus in Statement of profit and loss (Opening)(21,60,000)

During the current year company earned Rs 14,40,000. Bonus Share worth Rs 9,00,000 were issued out of Securities Premium Reserve.
Prepare Balance Sheet.

The solution of Question 07 Chapter 1 of +2-B: – 

Balance Sheet

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Particulars
Note no.Amount
I. Equity and Liabilities  
1. Shareholders’ Funds  
Reserve & Surplus1(1,80,000)
Total (1,80,000)

Notes to Accounts

Particulars

Note no.Amount
1. Reserve & Surplus   
General Reserve  3,00,000
Capital Reserve  2,40,000
Securities Premium Reserve12,60,000  
less: Bonus Shares Issued*(9,00,000) 3,60,000
Surplus   
Opening Balance(21,60,000)  
Add: Surplus (Loss) for the period14,40,000 (7,20,000)
   1,80,000


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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