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Question 22 Chapter 1 of +2-B
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22. (Balance Sheet with Notes to Accounts ) The following items appeared in the trial balances of XYZ Limited. Prepare a balance sheet from the items according to the provision of Schedule III of Companies Act, 2013.
| Particular | Dr Rs | Cr. Rs |
| Share Capital | ||
| 5,000 equity shares of Rs 10 each fully paid up | – | 50,000 |
| Live Stock | 40,000 | – |
| Mortgage | – | 10,000 |
| Trade Receivables | 20,000 | – |
| 60,000 | 60,000 |
The solution of Question 22 Chapter 1 of +2-B: –
Balance Sheet
| Particulars | Note no. | Amount |
| II Equity & Liabilities | ||
| 1. Shareholders’ Fund | ||
| Share Capital | 1 | 50,000 |
| 2. Non-Current Liabilities | ||
| Long term Borrowing | 2 | 10,000 |
| Total | 60,000 | |
| II Assets | ||
| 1. Non-current Assets | ||
| Fixed Assets | ||
| Tangible Assets | 3 | 40,000 |
| 2. Current Assets | ||
| Inventories | 4 | 20,000 |
| Total | 60,000 |
Notes to Accounts
| Particulars | Note no. | Amount |
| 1. Share Capital | ||
| 5,000 equity shares of Rs 10 each fully paid up | 50,000 | |
| 2.Long term Borrowings | ||
| Mortgage | 10,000 | |
| 3. Tangible Assets | ||
| Live Stock | 40,000 |
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Balance Sheet: Meaning, Format & Examples
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Check Out the Solution of all questions of this chapter:
The solution to all questions of Chapter No. 11 – Financial Statements of a Company Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
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Question 06 Chapter 1 of +2-B – USHA Publication 12 Class
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Question 12 Chapter 1 of +2-B – USHA Publication 12 Class
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Question 18 Chapter 1 of +2-B – USHA Publication 12 Class
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Question 24 Chapter 1 of +2-B – USHA Publication 12 Class
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
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Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Accounting Ratios
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication