Question 20 Chapter 1 of +2-B – USHA Publication 12 Class

Question 20 Chapter 1 of +2-B

Question 20 Chapter 1 of +2-B

Arrangement of Balance sheet Items

20. (Equity & Liabilities with Notes to Accounts) The following figures were extracted from the Trial Balance of X Ltd. :-

Particular Rs
Share Capital 1,00,000
Securities Premium Reserve 10,000
12% Debentures 50,000
Fixed Deposits (Cr.) 10,000
Creditors 5,000

 

The solution of Question 20 Chapter 1 of +2-B: – 

 

Balance Sheet as on 31st March 2018

Particulars
Note no. Amount
II Equity & Liabilities    
1. Shareholders’ Fund    
Share Capital   1,00,000
Reserve & Surplus 1 10,000
2. Non-Current Liabilities 2 60,000
3. Current Liabilities 3 5,000
Total   1,75,000



Particulars
Note no. Amount
1. Reserve & Surplus    
Securities Premium Reserve   10,000
2. Non-Current Liabilities    
12% Debentures   50,000
Fixed Deposits (Cr.)   10,000
Current Liabilities    
Creditors   5,000

 

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 20 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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