Question 23 Chapter 1 of +2-B – USHA Publication 12 Class

Question 23 Chapter 1 of +2-B
Q-23- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 23 Chapter 1 of +2-B

23. (Balance Sheet with Notes to Accounts) Following balances have been extracted from the books of Ojas Limited on 31st March, 2018.

Particular Rs
Equity share capital (50,000 equity of Rs 10 each) 5,00,000
General Reserve 1,00,000
12% Debentures 4,00,000
Debit balance of Statement of profit and loss 50,000
Plant and machinery 4,00,000
Government Bonds 3,00,000
Cash at Bank 1,00,000
Inventories 1,00,000

 

The solution of Question 23 Chapter 1 of +2-B: – 

Balance Sheet

Particulars
Note no. Amount
II Equity & Liabilities    
1. Shareholders’ Fund    
Share Capital 1 5,00,000
Reserve & Surplus 2 50,000
2. Non-Current Liabilities    
Long term Borrowing 3 4,00,000
Total   9,50,000
II Assets    
1. Non-current Assets    
Fixed Assets    
Tangible Assets 4 4,00,000
Non-Current Investments 5 3,00,000
2. Current Assets    
Inventories 6 1,50,000
Cash & Cash Equivalent   1,00,000
Total   9,50,000

Working Note

Particulars
Note no. Amount
1. Share Capital      
50,000 equity shares of Rs 10 each     5,00,000
2. Reserve and Surplus      
General Reserve 1,00,000    
Dr. Balance in Statement of P&L (50,000)   50,000
3. Long term Borrowings      
12% Debentures     4,00,000
4. Tangible Assets      
Plant & Machinery     4,00,000
5. Non-Current Investments      
Government Bonds     3,00,000
6. Cash & Cash Equivalents      
Cash at Bank     1,00,000

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.


End of Solution

Advertisement-X

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.

Question 09 Chapter 1 of +2-B – USHA Publication 12 Class

Advertisement-X

Advertisement-Y

Question 19 Chapter 1 of +2-B – USHA Publication 12 Class

Advertisement-X

Advertisement-Y

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

Advertisement-X


End of Post

Download a PDF of Chapter No. 11 – Financial Statements of a Company:

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

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)

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

Advertisement-X

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

Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

Advertisement

error: Content is protected !!