Question 13 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
Prepare a Balance Sheet of V.T. Ltd. as on 31st March 2022 as per provisions of Part 1, Schedule 3, of the Companies Act, 2013 from the following information:
| ₹ | |
| General Reserves | 8,000 |
| Debentures | 8,000 |
| Profit and Loss Account (Cr.) | 2,200 |
| Depreciation on Fixed Assets | 1,300 |
| Gross Fixed Assets | 29,000 |
| Current liabilities | 6,500 |
| Preliminary expenses | 2,800 |
| Preference share capital | 15,000 |
| Current Assets | 9,200 |
The solution of Question 13 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021: –
Balance sheet
As At 31st March 2022
| Particulars | Note | Amount ₹ |
| Shareholder’s fund | ||
| Pref. Share capital | 15,000 | |
| Reserve and Surplus | 1 | 7,400 |
| Non-Current Liabilities | ||
| Long-term borrowing (debenture) | 8,000 | |
| Current Liabilities | 6,500 | |
| 36,900 | ||
| Assets | ||
| Non-Current Assets | ||
| Fixed Assets | ||
| Tangible Assets | 2 | 27,000 |
| Intangible Assets | ||
| Current Assets | 9,200 | |
| 36,900 |
Note 1.
Reserve and surplus
| Particulars | ₹ |
| General reserve | 8,000 |
| P&L A/c | 2,200 |
| 10,200 | |
| – Preliminary Exp | 2,800 |
| 7,400 |
Note 2:
Fixed assets
| Particulars | ₹ |
| Gross fixed assets | 29,000 |
| – Depreciation | 1,300 |
| 27,700 |
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Financial Statements of a Company and Its formats
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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
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