Question 10 Chapter 4 -Unimax Publication Class 12 Part 2 – 2021

Question no- 10 Chapter no -4 Unimax Class- 12 Part -II
Question no- 10 Chapter no -4 Unimax Class- 12 Part -II

Question 10 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

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

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Financial Statements of a Company and Its formats

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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