Question 10 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
The following figures were extracted from the Trial Balance of X Ltd. share capital of 20,000 equity shares of ₹ 10 each fully paid.
Securities premium | ₹ 20,000 |
12% debenture | ₹ 80,000 |
Fixed Deposit | ₹ 20,000 |
Creditors | ₹ 15,000 |
You are required to draw up the liabilities side of the Balance Sheet according to the requirements of the Companies Act.
The solution of Question 10 Chapter 4 – Unimax Publication Class 12 Part 2- 2021: –
Balance sheet (Extraction only)
Equity and Liabilities | Note | Amount ₹ | |
1. Shareholder Fund | |||
Share capital | 2,00,000 | ||
Reserve and Surplus (securities premium) | 2,00,000 | ||
2. Non-Current Liabilities | |||
12% Debenture | 80,000 | ||
Public deposit | 20,000 | 1,00,000 | |
3. Current Liabilities | |||
Trade Payable (creditors) | 15,000 | ||
3,35,000 |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
Financial Statements of a Company and Its formats
Unimax 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 (Change in Profit sharing ratio among Existing Partners )
- 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)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
Advertisement-X
Leave a Reply