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 Content covered in this article:
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)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
