# Question 32 Chapter 4 of +2-B – USHA Publication 12 Class

Q-32- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 32 Chapter 4 of +2-B

32. (Shareholders’ Funds with both approaches) From the following Balance Sheet of Rani Limited calculate the Shareholders funds and Debt Equity Ratio by following liabilities Approach and Assets Approach.

 Balance Sheet of Rani Ltd. As of 31st March 2018 Particulars ₹ I. Equity and Liabilities 1. Shareholders’ Funds Share capital 3,00,000 Reserve and Surplus 1,00,000 2. Non-Current Liabilities Long term Borrowings 10% Debentures 2,00,000 3. Current Liabilities Trade Payable 50,000 Total 6,50,000 II. Assets 1. Non-Current Assets Fixed Assets 4,00,000 Intangible Assets 50,000 Deferred tax Assets (Net) Other Non-current Assets Unamortised Loss on Issue of Debt 60,000 II. Current Assets Other Current Assets 1,00,000 Unamortised Loss on Issue of debentures 40,000 Total 6,50,000

## The solution of Question 32 Chapter 4 of +2-B: –

 Calculation of Shareholders’ Funds Particulars Debit Credit (i) Liability side approach Share Capital ₹ 3,00,000 Reserves & Surplus ₹ 1,00,000 ₹ 4,00,000 Less : Unamortised Loss on Issue of Debt ₹ 60,000 Discount on Debentures ₹ 40,000 ₹ 1,00,000 Shareholders Fund ₹ 3,00,000 (ii) Asset side approach Fixed Assets ₹ 4,00,000 Intangible Assets ₹ 50,000 Intangible Assets ₹ 1,00,000 ₹ 5,50,000 Less : Trade Payable ₹ 2,00,000 10% Debentures ₹ 50,000 ₹ 2,50,000 Shareholders Fund ₹ 3,00,000

What are Liquidity Ratios – Formulas and Examples

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## Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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