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

Question 21 Chapter 1 of +2-B
Q-21- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 21 Chapter 1 of +2-B

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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.

ParticularRs
Preliminary Expenses1,00,000
12% Debentures1,50,000
Inventories25,000
Goodwill20,000
Provision for tax5,000

Totaling of the Balance Sheet is not required.

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

Balance Sheet

Particulars
Note no.Amount
II Equity & Liabilities  
1. Shareholders’ Fund  
Reserve & Surplus1(1,00,000)
2. Non-Current Liabilities  
Long term Borrowing21,50,000
3. Current Liabilities  
Short term Provision35,000
Total  
II Assets  
1. Non-current Assets  
Fixed Assets  
Intangible Assets  
2. Current Assets  
Inventories420,000
Total 25,000

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Notes to Accounts

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 the Balance Sheet please check out the following links:

Balance Sheet: Meaning, Format & Examples

You can check all the above article in Hindi from the following link: 

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Also, Check out the solved question of all Chapters: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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