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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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To understand more about Balance Sheet please check out following links:
Balance Sheet: Meaning, Format & Examples
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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