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Question No 20 Chapter 4 – UNIMAX Class 12 Part 2 – 2021

Question No 20 Chapter 4 – UNIMAX Class 12 Part 2 – 2021

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Question No 20 Chapter 4 – UNIMAX Class 12 Part 2 – 2021

Form the following information extracted from the books of Verma Ltd. prepare Balance Sheet.

 (000)  
Share capital3,000Other current assets800
Reserve and surplus1,260Inventories1,060
Application money 160Trade receivable480
Pending allotment  Tangible fixed assets1,680
Other long term400Intangible fixed assets440
Liabilities Capital work in progress460
Trade payable300Intangible assets 
Long term borrowings480Under development80
Other current liabilities200Long term loan + Advance300
Short term provision40  
Long term provision160  
Cash and cash equivalent700  

The solution of Question No 20 Chapter 4 – UNIMAX Class 12 Part 2 – 2021: –

Balance sheet of verma Ltd. As At …..

Particulars Note Amount ₹
Equity and Liabilities    
Shareholder’s fund   
Share capital  3,000
Reserve and Surplus  1,260
Share application money pending allotment  160
Non-Current Liabilities   
Long term borrowings  480
Other long term liabilities  400
Long term provision  160
Current Liabilities    
Trade payable  300
Other current liabilities  200
Short term provision  40
   6,000
Assets    
Non-Current Assets   
Fixed Assets    
Tangible  1,680
Intangible  440
Capital work in progress  460
Intangible assets under development  80
Long term loan and advance  300
Current Assets   
Inventories  1,060
Trade receivable  480
Cash and cash equivalent  700
Other current assets  800
   6,000

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.

Check out all books for PSEB

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

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.

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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