Q 1 CH 1 Book 2 Usha Pub. 2 Book 2020 Solution min - 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 Capital138,00,000
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: –

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

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