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Question 25 Chapter 1 of +2-B
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Table of Contents
25. (Identification of Major Heads in B/S) The following balances are supplied, on the basis of which you are required to show the major appropriate heads in which the items given below will appear in the balance sheet of Veekay Ltd. As on 31st March 2018.
| Particular | Rs |
| Plant and Machinery | 5,60,000 |
| Building | 10,00,000 |
| Equity shares capital (Authorised) | 20,00,000 |
| Equity shares of Rs 100 each Rs70 called and paid-up | 14,00,000 |
| 10% Debentures | 55,000 |
| Furniture & Fixtures | 20,000 |
| Long term bank loans (secured) | 1,25,000 |
The solution of Question 25 Chapter 1 of +2-B: –
| Balance Sheet | ||
| Particulars | Note no. | Amount |
| II Equity & Liabilities | ||
| 1. Shareholders’ Fund | ||
| Share Capital | 14,00,000 | |
| 2. Non-Current Liabilities | ||
| 10% Debentures | 55,000 | |
| Long term bank loans | 1,25,000 | |
| Total | 15,80,000 | |
| II Assets | ||
| 1. Non-current Assets | ||
| Fixed Assets | ||
| Tangible Assets | ||
| Plant and Machinery | 5,60,000 | |
| Building | 10,00,000 | |
| Furniture & Fixtures | 20,000 | |
| Total | 15,80,000 | |
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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
