Question 26 Chapter 1 of +2-B
26. (Balance Sheet with Notes to Accounts/GST) The following balances were extracted from the books of Deepak Limited on 31st March 2018.
| Particular | Rs |
| Share Capital | 5,00,000 |
| Securities Premium Reserve | 50,000 |
| 10% Debentures | 2,50,000 |
| Trade Payables | 1,00,000 |
| Unclaimed Dividend | 15,000 |
| Surplus in Statement of Profit and Loss (Dr.) | 25,000 |
| Live Stock | 4,50,000 |
| Government Bonds | 2,00,000 |
| Work in Progress | 2,50,000 |
| Output IGST | 10,000 |
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 & Surplus | 2 | 25,000 |
| 2. Non-Current Liabilities | ||
| Long term Borrowing | 25,000 | |
| 3. Current Liabilities | ||
| Trade Payable | 3 | 1,00,000 |
| Other Current Liabilities | 25,000 | |
| Total | 9,00,000 | |
| II Assets | ||
| 1. Non-current Assets | ||
| Fixed Assets | ||
| Tangible Assets | 4 | 1,00,000 |
| Non-Current Investments | 5 | 4,50,000 |
| 2. Current Assets | ||
| Inventories | 6 | 2,50,000 |
| 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 | ||
To understand more about Balance Sheet please check out following links:
Balance Sheet: Meaning, Format & Examples
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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
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Accounting Ratios
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Chapter No. 15 – Cash Flow Statement
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- Chapter No. 1 – Company Accounts (Share Capital)
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- 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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