Question 25 Chapter 1 of +2-B – USHA Publication 12 Class

Question 25 Chapter 1 of +2-B

Question 25 Chapter 1 of +2-B

Arrangement of Balance sheet Items

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

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 25 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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