Question 3 Chapter 8 of Class 12 Part – 2 – 2024
3. (Balance Sheet/Notes to Accounts) A company has received applications for 30,000 equity shares of Rs. 10 each and 20,000 12% preference shares of Rs. 10 each. The company called up Rs. 8 on per equity shares and Rs. 6 on per preference shares.
Ajit did not pay Rs. 3 per share on his 3,000 shares and Sumit did not pay Rs. 5,000 on his preference shares.
Show the capital is Balance Sheet .
The solution of Question 3 Chapter 8 of Class 12 Part – 2 – 2024: –
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The video consists solution of question numbers from 1 to 3 Chapter no. 8 class 12 of Usha publication. To check the direct solution of question no. 3 from the flowing video by using time stamps of the video.
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| Balance Sheet |
||||
| Date | Particulars |
Note no. | Current Year | |
| i) | Equity & Liability | |||
| Shareholders fund | ||||
| Share Capital | 1 | 3,46,000 | ||
Notes to accounts:-
| Particulars |
Amount | |
| Shared capital | ||
| Authorized capital | ||
| Subscribed capital | ||
| 30,000 equity shares of Rs. 10 each | 3,00,000 | |
| 20,000 , 12 % Preference shares of Rs. 10 each | 2,00,000 | |
| Called up capital | 5,00,000 | |
| 30,000 equity shares of Rs. 10 each , Rs. 8 called up | 2,40,000 | |
| 20,000 , 12 % Preference shares of Rs. 10 each , Rs. 8 called up | 1,20,000 | |
| Paid up capital | 3,60,000 | |
| 30,000 equity shares of Rs. 10 each , Rs. 8 called up | 2,40,000 | |
| Less : Calls in Arrears (3,000X3) | 9,000 | 2,31,000 |
| 20,000 , 12 % Preference shares of Rs. 10 each , Rs. 8 called up | 1,20,000 | |
| Less : Calls in Arrears | 5,000 | 1,15,000 |
| 3,46,000 | ||
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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