Question 01 Chapter 1 of +2-B – USHA Publication 12 Class

Q-1- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 01 Chapter 1 of +2-B

Arrangement of Balance sheet Items

1. (Exhibiting full paid-up capital) Punjab Steel Ltd. Has an authorized capital of 50,00,000 divided into shares of Rs100 each. It issues 40,000 shares to the public.
Public subscribed for 38,000 shares and received the full amount on shares. Show share capital in the Balance Sheet.

The solution of Question 01 Chapter 1 of +2-B: – 

Balance Sheet of Punjab Steel Limited

Particulars
Note no. Amount
I. Equity and Liabilities    
1. Shareholders’ Funds    
Share Capital 1 38,00,000
Total   38,00,000

Balance Sheet of Punjab Steel Limited

Particulars
Note no. Amount
1. Share Capital    
50,000 Shares of Rs 100 each   50,00,000
2. Issued Capital    
40,000 Shares of Rs 100 each   40,00,000
Subscribed & Fully Paid-up Capital    
38,000 Shares of Rs 100 each   38,00,000

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Question 09 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 19 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)

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

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Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

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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