Question 16 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
The following Balance appear in Books of Y Ltd
| ₹ | |
| Land and Building | 1,80,000 |
| Plant and Machinery | 1,25,000 |
| Goodwill | 15,000 |
| Stock | 90,000 |
| Cash | 30,000 |
| Shares Capital: 1,000 Equity shares @ ₹ 100 each; ₹ 75 per share called up and paid ep | 75,000 |
| 8% Debenture | 3,00,000 |
| Preliminary expenses | 5,000 |
| Creditors | 45,000 |
| Dividend payable | 25,000 |
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 & Building | 1,80,000 | ||
| Plant | 1,25,000 | 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
- 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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