Question 18 Chapter 1 of +2-B – USHA Publication 12 Class

Question 18 Chapter 1 of +2-B

Question 18 Chapter 1 of +2-B

Arrangement of Balance sheet Items

18. (Reserve & surplus in Balance Sheet) How would you show the following items in the Balance sheet as at 31st March, 2018 as per the requirement of schedule III of Companies Act, 2013.
General Reserve (Since March 31, 2017) Rs 7,00,000, Surplus i.e. balance in Statement of Profit & Loss (Debit Balance) for 2017-2018 Rs 3,00,000?

 

The solution of Question 18 Chapter 1 of +2-B: – 

 

Balance Sheet of ABC Limited as on 31st March 2018

Particulars
Note no. Amount
II Equity & Liabilities    
1. Shareholders’ Fund    
Reserve & Surplus 1 4,00,000
Total   4,00,000



Particulars
Note no. Amount
1. Reserve & Surplus    
General Reserve

  7,00,000
Less: Surplus i.e. balance in statement of profit & loss   (3,00,000)
    4,00,000

 

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

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 18 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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