Question 21 Chapter 1 of +2-B – USHA Publication 12 Class

Question 21 Chapter 1 of +2-B

Question 21 Chapter 1 of +2-B

Arrangement of Balance sheet Items

21. (Balance Sheet with Notes to Accounts/totaling not required) Prepare the balance sheet of a company as per provision of Schedule III of Companies Act, 2013.

Particular Rs
Preliminary Expenses 1,00,000
12% Debentures 1,50,000
Inventories 25,000
Goodwill 20,000
Provision for tax 5,000

Totaling of Balance Sheet is not required.

 

The solution of Question 21 Chapter 1 of +2-B: – 

 

Balance Sheet as on 31st March 2018

Particulars
Note no. Amount
II Equity & Liabilities    
1. Shareholders’ Fund    
Reserve & Surplus 1 (1,00,000)
2. Non-Current Liabilities    
Long term Borrowing 2 1,50,000
3. Current Liabilities    
Short term Provision 3 5,000
Total    
II Assets    
1. Non-current Assets    
Fixed Assets    
Intangible Assets    
2. Current Assets    
Inventories 4 20,000
Total   25,000



Particulars
Note no. Amount
1. Reserve & Surplus    
Surplus    
Less: Preliminary Expenses   (1,00,000)
2.Long term Borrowings    
12% Debentures   1,50,000
3. Short term Provisions    
Provision for Tax   5,000
4. Intangible Assets    
Goodwill   20,000

 

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.