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

Question 27 Chapter 1 of +2-B
Question No. 27 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 27 Chapter 1 of +2-B

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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 Capital8,00,000
Reserves and Surplus 1,80,000
Fixed Assets (Tangible)16,00,000
Inventories40000
Trade Receivables 1,60,000
Cash and Cash Equivalents2,40,000

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 borrowings110,00,000 
4. Current Liabilities   
Trade Payable260,000 
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:

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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)

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)

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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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