Question 27 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 27 Chapter 1 of +2-B

Question 27 Chapter 1 of +2-B

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.
(2)

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)

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

2 Book 3 min 225x300 - Question 27 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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