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Question 17 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021
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Table of Contents
The following balance have been extracted from the books of Pioneer Ltd. as on 31st March, 2022:
| ₹ | |
| Equity share capital (fully paid shares of ₹ 100 each) | 2,50,000 |
| Investments | 1,10,000 |
| Loans and Advances | 10,000 |
| Provision for Taxation | 90,000 |
| 8% Debentures | 80,000 |
| Reserve and Surplus | 1,98,000 |
| Fixed Assets (at cost) | 5,40,000 |
| Current Assets | 2,90,000 |
| Current Liabilities | 1,94,000 |
| Discount on issue of debentures | 6,000 |
| Provision for deprecation | 1,20,000 |
| Unsecured Loans | 30,000 |
| Preliminary expenses | 6,000 |
There is a contingent liabilities in respect of a claim of ₹ 7,500 against the company not acknowledged as debt.
You are required to prepare balance sheet of Pioneer Ltd. as at 31st March, 2022
The solution of Question 17 Chapter 4 – Unimax Publication Class 12 Part 2- 2021 : –
Balance sheet of Ploneer Ltd. As At 31st March 2022
| Particulars | Note | Amount ₹ | |
| Equity and Liabilities | |||
| Share capital | |||
| Reserve and Surplus | 2,50,000 | ||
| Non-Current Liabilities | |||
| Long term borrowing | |||
| Secured Loan | 80,000 | ||
| In secured Loan | 30,000 | 1,10,000 | |
| Current Liabilities | |||
| Trade payable | 1,94,000 | ||
| Short term provisions | |||
| Provision for taxation | 90,000 | ||
| 8,42,000 | |||
| Assets | |||
| Non-Current Assets | |||
| Fixed Assets | 5,40,000 | ||
| Provision for dep. | (1,20,000) | 4,20,000 | |
| Non-current investment (discount + preliminary expenses) | 1,10,000 | ||
| Other Non-Current Assets (6,000+6,000) | 12,000 | ||
| Current Assets | |||
| Trade receivable | 2,90,000 | ||
| Short term loan and advance | 10,000 | ||
| 8,42,000 |
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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
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
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