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Question 16 Chapter 4 -Unimax Publication Class 12 Part 2 – 2021

Question no- 16 Chapter no -4 Unimax Class- 12 Part -II
Question no- 16 Chapter no -4 Unimax Class- 12 Part -II

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Question 16 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

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The following Balance appear in Books of Y Ltd

 
Land and Building1,80,000
Plant and Machinery1,25,000
Goodwill15,000
Stock90,000
Cash30,000
Shares Capital: 1,000 Equity shares @ ₹ 100 each; ₹ 75 per share called up and paid ep75,000
8% Debenture3,00,000
Preliminary expenses5,000
Creditors45,000
Dividend payable25,000

Shown the above items under the major heads in accordance with Part 1 of Schedule 3 of companies Act, 2013.

The solution of Question 16 Chapter 4 – Unimax Publication Class 12 Part 2: –

Balance sheet of y Ltd.

Particulars Note Amount ₹
Shareholder’s fund   
Share capital  75,000
Reserve and Surplus   
Preliminary expenses  5,000
Non-Current Liabilities    
Long term borrowing    
Debenture  3,00,000
Current Liabilities   
Trade payable (creditors)  45,000
Short term provisions   
Dividend  25,000
   4,40,000
Non-Current Assets   
Fixed Assets    
Land & Building1,80,000  
Plant1,25,000 3,05,000
Intangible – Goodwill  15,000
Current Assets    
Investment – Stock  90,000
Cash and Cash Equivalent  30,000
   4,40,000

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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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