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Question 23 Chapter 1 of +2-B
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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
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| 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
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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
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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
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