Question 27 Chapter 1 of +2-B
Table of Contents
27.From the following information extracted from the bools of Howrah Ltd. Prepare
Balance Sheet of the company on 31st March 2019 as per Schedule III of the
Companies Act,2013
| Rs. | |
| Long-term Borrowings | 10,00,000 |
| Trade Payable | 60,000 |
| Share Capital | 8,00,000 |
| Reserves and Surplus | 1,80,000 |
| Fixed Assets (Tangible) | 16,00,000 |
| Inventories | 40000 |
| Trade Receivables | 1,60,000 |
| Cash and Cash Equivalents | 2,40,000 |
The solution of Question 27 Chapter 1 of +2-B: –
|
Items |
Note no. |
Figures as at the end of the Current Reporting Period (3) |
Figures as at the end of the Previous Reporting Period (4) |
| I. Equity and Liabilities | |||
| 1. Shareholders’ Funds | |||
| Share Capital | 8,00,000 | ||
| Reserves and surplus | 1,80,000 | ||
| 2. Share Application Money Pending Allotment | |||
| 2. Share Application Money Pending Allotment | |||
| 3. Non-Current Liabilities | |||
| (a) Long-term borrowings | 1 | 10,00,000 | |
| 4. Current Liabilities | |||
| Trade Payable | 2 | 60,000 | |
| Total | 20,40,000 | ||
| 1.Non-Current Assets | |||
| (a) Fixed Assets: | |||
| (i) Tangible Assets | 16,00,000 | ||
| 2. Current Assets | |||
| Trade Receivables | 40,000 | ||
| Inventories | 1,60,000 | ||
| Cash and Cash equivalents | 2,40,000 | ||
| Total | 20,40,000 |
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: –
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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