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Question 20 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021
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Table of Contents
Form the following information extracted from the books of Verma Ltd. prepare Balance Sheet.
| (000) | |||
| Share capital | 3,000 | Other current assets | 800 |
| Reserve and surplus | 1,260 | Inventories | 1,060 |
| Application money | 160 | Trade receivable | 480 |
| Pending allotment | Tangible fixed assets | 1,680 | |
| Other long term | 400 | Intangible fixed assets | 440 |
| Liabilities | Capital work in progress | 460 | |
| Trade payable | 300 | Intangible assets | |
| Long term borrowings | 480 | Under development | 80 |
| Other current liabilities | 200 | Long term loan + Advance | 300 |
| Short term provision | 40 | ||
| Long term provision | 160 | ||
| Cash and cash equivalent | 700 |
The solution of Question 20 Chapter 4 -Unimax Publication Class 12 Part 2 – 2021 : –
Balance sheet of verma Ltd. As At …..
| Particulars | Note | Amount ₹ | |
| Equity and Liabilities | |||
| Shareholder’s fund | |||
| Share capital | 3,000 | ||
| Reserve and Surplus | 1,260 | ||
| Share application money pending allotment | 160 | ||
| Non-Current Liabilities | |||
| Long term borrowings | 480 | ||
| Other long term liabilities | 400 | ||
| Long term provision | 160 | ||
| Current Liabilities | |||
| Trade payable | 300 | ||
| Other current liabilities | 200 | ||
| Short term provision | 40 | ||
| 6,000 | |||
| Assets | |||
| Non-Current Assets | |||
| Fixed Assets | |||
| Tangible | 1,680 | ||
| Intangible | 440 | ||
| Capital work in progress | 460 | ||
| Intangible assets under development | 80 | ||
| Long term loan and advance | 300 | ||
| Current Assets | |||
| Inventories | 1,060 | ||
| Trade receivable | 480 | ||
| Cash and cash equivalent | 700 | ||
| Other current assets | 800 | ||
| 6,000 |
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Financial Statements of a Company and Its formats
Unimax 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 (Change in Profit sharing ratio among Existing Partners )
- 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)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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