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: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
Chapter No. 1 – Accounting Not for Profit Organisations
Chapter No. 2 – Partnership Accounts – I
Chapter No. 3 – Partnership Accounts – II (Introduction)
Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)
Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)
Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)
Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)
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 (Balance Sheet Only)
Chapter No. 2 – Techniques of Financial Statement Analysis
Chapter No. 3 – Ratio Analysis
Chapter No. 4 – Cash Flow Statement
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