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Question 11 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

Question no- 11 Chapter no -4 Unimax Class- 12 Part -II
Question no- 11 Chapter no -4 Unimax Class- 12 Part -II

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Question 11 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

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Rearrange the following in the from of Company Balance Sheet S per Schedule 3 part 1 of the companies Act, 2013.

 
Bills Payable50,000
Unclaimed dividend22,500
Accounts receivable20,000
Shares in XYZ Ltd.30,000
Deposits with ICICI Bank80,000
Securities premium75,000
Prepaid rent4,000
Underwriting commission3,000
Stores and spares8,000
Patents2,000

The solution of Question 11 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021 : –

Balance sheet (Extract form)

Particulars 
Equity and Liabilities  
1.Shareholder’s fund   
a. Share capital  
b. Reserve and Surplus (securities premium) 75,000
Underwriting commission 3,000
Non-Current Liabilities   
Long term liabilities   
Current Liabilities   
Trade payable (Bills payable) 50,000
Short term provision (unclaimed dividend) 22,500
   
Assets   
Non-Current Assets  
a. Fixed Assets – intangible (patents) 2,000
b. Non-current investments  
Shares in XYZ Ltd. 30,000
Deposit with ICICI Bank 80,000
2. Current Assets  
Inventories – Stores and spares 8,000
Trade receivable (Account Receivable) 20,000
Loans and Advances (prepared rent) 4,000
   

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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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