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VDO+ Tag:Question 17 Chapter 11 of Class 12 Part – 2 – 2024
Arrangement of Balance sheet Items
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Video Tag:17. (Treatment of Fixed Assets & Depreciation in Balance Sheet) How would you show the following items in the Balance sheet of ABC Limited as at 31st March, 2018.
(i) Total Depreciation to date as on 1st April 2017 Rs 5,00,000.
(ii) Written down value of fixed assets as on 1st April 2017 Rs 10,00,000
(ii) Depreciation to be written off at 25% p.a. on written down value.
The solution of Question 17 Chapter 11 of Class 12 Part – 2 – 2024: –
Balance Sheet of ABC Limited as on 31st March 2018
| Particulars |
Note no. | Amount |
| II Asses | ||
| 1. Non-current Assets | ||
| Fixed Assets | ||
| Tangible Assets | 1 | 7,50,000 |
| Total | 7,50,000 |
Notes to accounts
| Particulars |
Note no. | Amount |
| 1. Tangible Assets | ||
| Cost Tangible Assets (Rs 10,00,000 + Rs 5,00,000) (Value of Fixed Assets + Depreciation charged in the previous year) |
15,00,000 | |
| Less: Depreciation During the Year Rs10,00,000×25/100 | 2,50,000 | |
| Depreciation charges in the previous year | 5,00,000 | |
| 7,50,000 |
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication