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Question No 13 Chapter 4 – UNIMAX Class 12 Part 2 – 2021

Question No 13 Chapter 4 – UNIMAX Class 12 Part 2 – 2021

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Question No 13 Chapter 4 – UNIMAX Class 12 Part 2 – 2021

Prepare a Balance Sheet of V.T. Ltd. as on 31st March 2022 as per provisions of Part 1, Schedule 3, of the Companies Act, 2013 from the following information:

 
General Reserves8,000
Debentures8,000
Profit and Loss Account (Cr.)2,200
Depreciation on Fixed Assets1,300
Gross Fixed Assets29,000
Current liabilities6,500
Preliminary expenses2,800
Preference share capital15,000
Current Assets9,200

The solution of Question No 13 Chapter 4 – UNIMAX Class 12 Part 2 – 2021: –

Balance sheet
As At 31st March 2022

ParticularsNoteAmount ₹
Shareholder’s fund  
Pref. Share capital 15,000
Reserve and Surplus17,400
Non-Current Liabilities  
Long-term borrowing (debenture) 8,000
Current Liabilities 6,500
  36,900
Assets  
Non-Current Assets  
Fixed Assets  
Tangible Assets227,000
Intangible Assets  
Current Assets 9,200
  36,900

Note 1.

Reserve and surplus

Particulars
General reserve8,000
P&L A/c2,200
 10,200
– Preliminary Exp2,800
 7,400

Note 2:

Fixed assets

Particulars ₹
Gross fixed assets29,000
– Depreciation1,300
 27,700

End of Solution


Check Out the Solution of all questions for this chapter:

The solution to all questions of Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only) Class 12 Unimax is shown as follows, click on the image of the question to get the solution.

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1. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 1 Class 12 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy Part 1 in Class 12. With their meticulously curated study material, students can access comprehensive solutions to all the questions in each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 12 examinations.

2. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 2 Class 12 by Unimax

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Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 12, exploring a wide range of books to cover the syllabus thoroughly is essential. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to various writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

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