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Question 21 Chapter 1 of +2-B
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Table of Contents
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 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 & 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 |
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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
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Also, Check out the solved question of all Chapters: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
- Chapter No. 1 – Introduction
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Origin of Transactions
- Chapter No. 4 – Vouchers and transactions
- Chapter No. 5 – Journal
- Chapter No. 6 – Accounting for Goods and Services Tax(GST)
- Chapter No. 7 – Ledger
- Chapter No. 8 – Cash Book
- Chapter No. 9 – Other Subsidiary Books
- Chapter No. 10 – Journal Proper
- Chapter No. 11 – Trial Balance
- Chapter No. 12 – Bank Reconciliation Statement
- Chapter No. 13 – Depreciation
- Chapter No. 14 – Provisions and Reserves
- Chapter No. 15 – Bills of Exchange
- Chapter No. 16 – Rectification of Errors
- Chapter No. 17 – Financial Statements – (Without Adjustments)
- Chapter No. 18 – Financial Statements – (With Adjustments)
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