Question 17 Chapter 1 of +2-B – USHA Publication 12 Class

Question 17 Chapter 1 of +2-B
Q-17- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 17 Chapter 1 of +2-B

Arrangement of Balance sheet Items

17. (Treatment of Fixed Assets & Depreciation in Balance Sheet) How would you show the following items in the Balance sheet of ABC Limited as at 31st March, 2018.

(i) Total Depreciation to date as on 1st April 2017 Rs 5,00,000.
(ii) Written down value of fixed assets as on 1st April 2017 Rs 10,00,000
(ii) Depreciation to be written off at 25% p.a. on written down value.

The solution of Question 17 Chapter 1 of +2-B: – 

Balance Sheet of ABC Limited as on 31st March 2018

Particulars
Note no. Amount
II Asses    
1. Non-current Assets    
Fixed Assets    
Tangible Assets 1 7,50,000
Total   7,50,000

Notes to accounts

Particulars
Note no. Amount
1. Tangible Assets    
Cost Tangible Assets (Rs 10,00,000 + Rs 5,00,000)
(Value of Fixed Assets + Depreciation charged in the previous year)
  15,00,000
Less: Depreciation During the Year Rs10,00,000×25/100   2,50,000
Depreciation charges in the previous year   5,00,000
    7,50,000

 

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Question 07 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 17 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 27 Chapter 1 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

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Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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