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

Q 1 CH 1 Book 2 Usha Pub. 2 Book 2020 Solution min 1024x576 - Question 01 Chapter 1 of +2-B  - USHA Publication  12 Class

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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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 01 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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