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Question 13 Chapter 4 -Unimax Publication Class 12 Part 2 – 2021

Question no- 13 Chapter no -4 Unimax Class- 12 Part -II
Question no- 13 Chapter no -4 Unimax Class- 12 Part -II

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Question 13 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

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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 Reserves8,000
Debentures8,000
Profit and Loss Account (Cr.)2,200
Depreciation on Fixed Assets1,300
Gross Fixed Assets29,000
Current liabilities6,500
Preliminary expenses2,800
Preference share capital15,000
Current Assets9,200

The solution of Question 13 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021: –

Balance sheet
As At 31st March 2022

ParticularsNoteAmount ₹
Shareholder’s fund  
Pref. Share capital 15,000
Reserve and Surplus17,400
Non-Current Liabilities  
Long-term borrowing (debenture) 8,000
Current Liabilities 6,500
  36,900
Assets   
Non-Current Assets  
Fixed Assets  
Tangible Assets227,000
Intangible Assets  
Current Assets 9,200
  36,900

Note 1.

Reserve and surplus

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Particulars
General reserve8,000
P&L A/c2,200
 10,200
– Preliminary Exp2,800
 7,400

Note 2:

Fixed assets

Particulars ₹
Gross fixed assets29,000
– Depreciation1,300
 27,700

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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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