Question 19 Chapter 1 of +2-B – USHA Publication 12 Class

Question 19 Chapter 1 of +2-B

Arrangement of Balance sheet Items

19. (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 8,00,000, Surplus i.e. balance in Statement of Profit & Loss (Debit Balance) for 2017-2018 Rs 12,00,000?

 

The solution of Question 19 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		8,00,000
Less: Surplus i.e. balance in statement of profit & loss		(12,00,000)
		(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: –

Usha 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 (Reconstitution of Partnership)
• 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)
• Chapter No. 8 – Company Accounts (Share Capital)
• Chapter No. 9 – Company Accounts (Issue of Debentures)
• Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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

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