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

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

Balance Sheet: Meaning, Format & Examples

Comment if you have any question.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 11 – Financial Statements of a Company Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 04 Chapter 1 of +2-B – USHA Publication 12 Class

Question 10 Chapter 1 of +2-B – USHA Publication 12 Class

Question 16 Chapter 1 of +2-B – USHA Publication 12 Class

Question 22 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

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

## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

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

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication