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Question 35 Chapter 1 VK Publications Class 12 Part 2 – 2021
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Table of Contents
35. Rearrange the following in the form of a Company’s Balance Sheet as per schedule III ,Part I of the Companies Act, 2013 :
Trade Payable Rs. 3,000
Unclaimed Dividend Rs. 12,000
Trade Receivable Rs. 11,000
Shares in NPTC Ltd. Rs. 20,000
Marketable Securities Rs. 50,000
Securities Premium Reserve Rs. 75,000
Prepaid Rent Rs. 1,000
Stores and Spares Rs. 6,000
Fixed Assets Rs. 2,000
The solution of Question 35 Chapter 1 VK Publications Class 12 Part 2: –
| Particulars | Note No. | Current Year (Rs. ) | Previous Year (Rs.) |
| EQUITY AND LIABILITIES | |||
| 1.Shareholders’ Funds | |||
| (a) Reserves and Surplus | 1. | 75,000 | |
| 2. Current Liabilities | |||
| (a) Trade Payable | 3,000 | ||
| (b) Other Current Liabilities | 2. | 12,000 | |
| Total | 90,000 | ||
| II. ASSETS | |||
| 1. Non-current Assets | |||
| a) Fixed Assets | 2,000 | ||
| (b) Non-Current Investments | 3. | 20,000 | |
| 2. Current Assets | |||
| (a) Inventories | 4. | 6,000 | |
| (b) Trade Receivables | 11,000 | ||
| (c) Cash and Cash Equivalents: | 5. | 50,000 | |
| (d) Other Current Assets | 6. | 1,000 | |
| Total | 90,000 |
Notes to Accounts:
| Particulars | Amount (Rs.) | |
| 1. Reserves and Surplus: | ||
| Securities Premium Reserve | 75,000 | |
| 2. Other current Liabilities | ||
| Unclaimed dividends | 12,000 | |
| 3. Non- Current Investments . | ||
| Shares in NPTC Ltd. | 20,000 | |
| 4. Inventories : | ||
| Stores and Spares | 60,000 | |
| 5. Cash And Cash Equivalent | ||
| Marketable securities | 50,000 | |
| 6. Other Current Assets | ||
| Prepaid Rent | 1,000 |
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Financial Statements of a Company and Its formats
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