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Question No 17 Chapter 4 – Unimax Class 12 Part 2 – 2021
The following balances have been extracted from the books of Pioneer Ltd. as of 31st March 2022:
| ₹ | |
| Equity share capital (fully paid shares of ₹ 100 each) | 2,50,000 |
| Investments | 1,10,000 |
| Loans and Advances | 10,000 |
| Provision for Taxation | 90,000 |
| 8% Debentures | 80,000 |
| Reserve and Surplus | 1,98,000 |
| Fixed Assets (at cost) | 5,40,000 |
| Current Assets | 2,90,000 |
| Current Liabilities | 1,94,000 |
| Discount on issue of debentures | 6,000 |
| Provision for deprecation | 1,20,000 |
| Unsecured Loans | 30,000 |
| Preliminary expenses | 6,000 |
There is a contingent liabilities in respect of a claim of ₹ 7,500 against the company not acknowledged as debt.
You are required to prepare the balance sheet of Pioneer Ltd. as at 31st March, 2022
The solution of Question No 17 Chapter 4 – Unimax Class 12 Part 2: –
Balance sheet of Pioneer Ltd. As At 31st March 2022
| Particulars | Note | Amount ₹ | |
| Equity and Liabilities | |||
| Share capital | |||
| Reserve and Surplus | 2,50,000 | ||
| Non-Current Liabilities | |||
| Long term borrowing | |||
| Secured Loan | 80,000 | ||
| In secured Loan | 30,000 | 1,10,000 | |
| Current Liabilities | |||
| Trade payable | 1,94,000 | ||
| Short term provisions | |||
| Provision for taxation | 90,000 | ||
| 8,42,000 | |||
| Assets | |||
| Non-Current Assets | |||
| Fixed Assets | 5,40,000 | ||
| Provision for dep. | (1,20,000) | 4,20,000 | |
| Non-current investment (discount + preliminary expenses) | 1,10,000 | ||
| Other Non-Current Assets (6,000+6,000) | 12,000 | ||
| Current Assets | |||
| Trade receivable | 2,90,000 | ||
| Short term loan and advance | 10,000 | ||
| 8,42,000 |
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.
Question No 05 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
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Question No 17 Chapter 4 – Unimax Class 12 Part 2 – 2021
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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.
- Chapter No. 1 – Accounts of Non-Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
- Chapter No. 3 – Partnership Accounts – II (Goodwill)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
2. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 2 Class 12 by Unimax
UnimaxSolutions.in presents an exceptional resource for students studying Advanced Accountancy Part 2 in Class 12. With their comprehensive study material, students can conveniently access extensive solutions to all the questions in each chapter. By simply selecting the desired chapter from the study material, students can effortlessly navigate through the topics and gain access to detailed explanations and step-by-step solutions to every problem presented in that particular section. Whether it involves understanding intricate accounting principles, honing calculation techniques, or analyzing complex financial statements, Unimax provides a valuable tool to support students in their learning journey. Equipped with these comprehensive solutions, students can enhance their comprehension, resolve any uncertainties, and strengthen their problem-solving abilities in Advanced Accountancy, empowering them to excel in their Class 12 examinations with confidence.
- 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
Punjab School Education Board (PSEB) Solutions of Usha Publication.
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