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Question 01 Chapter 1 of +2-B
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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 |
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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
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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