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Question 26 Chapter 1 of +2-B – USHA Publication 12 Class

Posted by By Shubham Sharma 3 Min Read July 13, 2024
Question 26 Chapter 1 of +2-B
Q-26- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 26 Chapter 1 of +2-B

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26. (Balance Sheet with Notes to Accounts/GST) The following balances were extracted from the books of Deepak Limited on 31st March 2018.

ParticularRs
Share Capital5,00,000
Securities Premium Reserve50,000
10% Debentures2,50,000
Trade Payables1,00,000
Unclaimed Dividend15,000
Surplus in Statement of Profit and Loss (Dr.)25,000
Live Stock4,50,000
Government Bonds 2,00,000
Work in Progress2,50,000
Output IGST10,000

The solution of Question 26 Chapter 1 of +2-B: – 

Balance Sheet
Particulars
Note no.Amount
II Equity & Liabilities  
1. Shareholders’ Fund  
Share Capital 5,00,000
Reserve & Surplus225,000
2. Non-Current Liabilities  
Long term Borrowing 25,000
3. Current Liabilities  
Trade Payable31,00,000
Other Current Liabilities 25,000
Total 9,00,000
II Assets  
1. Non-current Assets  
Fixed Assets  
Tangible Assets41,00,000
Non-Current Investments54,50,000
2. Current Assets  
Inventories62,50,000
Total 9,00,000

Working Note

Particulars
Note no.Amount
1. Reserve and Surplus   
Securities Premium Reserve  50,000
Surplus in Statement of P&L (Dr.)  (25,000)
   25,000
2. Long term Borrowings   
10% Debentures  30,000
3. Other Current Liabilities   
Unclaimed Dividend  15,000
Output IGST  10,000
   25,000
4. Tangible Fixed Assets   
Live Stock  4,50,000
5. Non-Current Investments   
Government Bonds  2,00,000
6. Inventories   
Work in Progress  2,50,000

 

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Question 01 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 02 Chapter 1 of +2-B – USHA Publication 12 Class

Question 03 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 05 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 08 Chapter 1 of +2-B – USHA Publication 12 Class

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

Question 10 Chapter 1 of +2-B – USHA Publication 12 Class

Question 11 Chapter 1 of +2-B – USHA Publication 12 Class

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

Question 13 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 14 Chapter 1 of +2-B – USHA Publication 12 Class

Question 15 Chapter 1 of +2-B – USHA Publication 12 Class

Question 16 Chapter 1 of +2-B – USHA Publication 12 Class

Question 17 Chapter 1 of +2-B – USHA Publication 12 Class

Question 18 Chapter 1 of +2-B – USHA Publication 12 Class

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

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Question 20 Chapter 1 of +2-B – USHA Publication 12 Class

Question 21 Chapter 1 of +2-B – USHA Publication 12 Class

Question 22 Chapter 1 of +2-B – USHA Publication 12 Class

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

Question 24 Chapter 1 of +2-B – USHA Publication 12 Class

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

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Question 26 Chapter 1 of +2-B – USHA Publication 12 Class

Question 27 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)

Chapter No. 11 – Financial Statements of a Company

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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

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