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Question 20 Chapter 4-Unimax Publication Class 12 Part 2 – 2021

Question no- 20 Chapter no -4 Unimax Class- 12 Part -II
Question no- 20 Chapter no -4 Unimax Class- 12 Part -II

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Question 20 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

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Form the following information extracted from the books of Verma Ltd. prepare Balance Sheet.

 (000)  
Share capital3,000Other current assets800
Reserve and surplus1,260Inventories1,060
Application money 160Trade receivable480
Pending allotment  Tangible fixed assets1,680
Other long term400Intangible fixed assets440
Liabilities Capital work in progress460
Trade payable300Intangible assets 
Long term borrowings480Under development80
Other current liabilities200Long term loan + Advance300
Short term provision40  
Long term provision160  
Cash and cash equivalent700  

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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