NCERT Solutions for Class 12 Accountancy (Part 2) Chapter 3 Financial Statement of a Company
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Page 1
NCERT
SOLUTIONS
CLASS - 12th
aglase .co
SOLUTIONS
CLASS - 12th
aglase .co
Page 2
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
Class : 12th
Subject : Accountancy
Chapter : 3
Chapter Name : Financial statement of a company
Q1 Show the following items in the balance sheet as per the provisions of the Companies Act,
2013 in Schedule III:
Particulars Rs. Particulars Rs.
Preliminary Expenses 2,40,000 Good will 30,000
Discount on issue of 20,000 Loose tools 12,000
shares
10% Debentures 2,00,000 Motor Vehicles 4,75,000
Stock in Trade 1,40,000 Provision for tax 16,000
Cash at bank 1,35,000
Bills receivable 1,20,000
Answer.
Extract of Balance Sheet
as at March 31, 2013
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
b. Reserves and Surplus
2. Non-Current Liabilities
Long-term Borrowings 1 2,00,000
3. Current Liabilities
Other Current Liabilities
b. Short-term Provisions 2 16,000
Page 1 of 14 Aglasem Schools
Class : 12th
Subject : Accountancy
Chapter : 3
Chapter Name : Financial statement of a company
Q1 Show the following items in the balance sheet as per the provisions of the Companies Act,
2013 in Schedule III:
Particulars Rs. Particulars Rs.
Preliminary Expenses 2,40,000 Good will 30,000
Discount on issue of 20,000 Loose tools 12,000
shares
10% Debentures 2,00,000 Motor Vehicles 4,75,000
Stock in Trade 1,40,000 Provision for tax 16,000
Cash at bank 1,35,000
Bills receivable 1,20,000
Answer.
Extract of Balance Sheet
as at March 31, 2013
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
b. Reserves and Surplus
2. Non-Current Liabilities
Long-term Borrowings 1 2,00,000
3. Current Liabilities
Other Current Liabilities
b. Short-term Provisions 2 16,000
Page 1 of 14 Aglasem Schools
Page 3
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
II. Assets
1. Non-Current Assets
Fixed Assets
i. Tangible Assets 3 4,75,000
ii. Intangible Assets 4 30,000
b. Non-Current Investments
2. Current Assets
Inventories 5 1,52,000
b. Trade Receivables 6 1,20,000
c.Cash and Cash Equivalents 7 1,35,000
d. Other Current Assets 8 2,60,000
Notes to Accounts
Particulars
1. Long Term Borrowings
10% Debentures 2,00,000
2. Short Term Provisions
Provision for Tax 16,000
3. Tangible Assets
Motor Vehicles 4,75,000
4. Intangible Assets
Goodwill 30,000
5. Inventory
Loose Tools 12,000
Stock 1,40,000 1,52,000
Page 2 of 14 Aglasem Schools
II. Assets
1. Non-Current Assets
Fixed Assets
i. Tangible Assets 3 4,75,000
ii. Intangible Assets 4 30,000
b. Non-Current Investments
2. Current Assets
Inventories 5 1,52,000
b. Trade Receivables 6 1,20,000
c.Cash and Cash Equivalents 7 1,35,000
d. Other Current Assets 8 2,60,000
Notes to Accounts
Particulars
1. Long Term Borrowings
10% Debentures 2,00,000
2. Short Term Provisions
Provision for Tax 16,000
3. Tangible Assets
Motor Vehicles 4,75,000
4. Intangible Assets
Goodwill 30,000
5. Inventory
Loose Tools 12,000
Stock 1,40,000 1,52,000
Page 2 of 14 Aglasem Schools
Page 4
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
1,52,000
6. Trade Receivables
Bill Receivable 1,20,000
7. Cash and Cash equivalents
Cash at Bank 1,35,000
8. Other Current Assets
Preliminary Expenses 2,40,000
Discount on Issue of Shares 20,000 2,60,000
2,60,000
Page : 163 , Block Name : Numerical questions
Q2 On 1st Aril, 2017, Jumbo Ltd. issued 10,000; 12% debentures of Rs. 100 each a discount of
20%, redeemable after 5 years. The company decided to write-off discount on issue of such
debentures over the life time of the Debentures. Show the items in the balance sheet of the
company immediately after the issue of these debentures.
Answer.
Balance Sheet
as at April 01, 2017
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
b. Reserves and Surplus
2. Non-Current Liabilities
a. Long-term Borrowings 1 10,00,000
Page 3 of 14 Aglasem Schools
1,52,000
6. Trade Receivables
Bill Receivable 1,20,000
7. Cash and Cash equivalents
Cash at Bank 1,35,000
8. Other Current Assets
Preliminary Expenses 2,40,000
Discount on Issue of Shares 20,000 2,60,000
2,60,000
Page : 163 , Block Name : Numerical questions
Q2 On 1st Aril, 2017, Jumbo Ltd. issued 10,000; 12% debentures of Rs. 100 each a discount of
20%, redeemable after 5 years. The company decided to write-off discount on issue of such
debentures over the life time of the Debentures. Show the items in the balance sheet of the
company immediately after the issue of these debentures.
Answer.
Balance Sheet
as at April 01, 2017
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
b. Reserves and Surplus
2. Non-Current Liabilities
a. Long-term Borrowings 1 10,00,000
Page 3 of 14 Aglasem Schools
Page 5
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
3. Current Liabilities
a. Other Current Liabilities
b. Short-term Provisions
Total 10,00,000
II. Assets
1. Non-Current Assets
a. Other Non-Current Assets 2 1,60,000
2. Current Assets
a. Other Current Assets 3 40,000
b. Cash and Cash Equivalents 4 8,00,000
Total 10,00,000
Notes to Accounts
Particulars
1. Long Term Borrowings
12% Debentures 10,00,000
2.Other Non-current assets
Unamortized discount on issue of Debentures 1,60,000
3. Other Current Assets
Unamortized discount on issue of Debentures 40,000
4. Cash and Cash Equivalents
Bank 8,00,000
Page 4 of 14 Aglasem Schools
3. Current Liabilities
a. Other Current Liabilities
b. Short-term Provisions
Total 10,00,000
II. Assets
1. Non-Current Assets
a. Other Non-Current Assets 2 1,60,000
2. Current Assets
a. Other Current Assets 3 40,000
b. Cash and Cash Equivalents 4 8,00,000
Total 10,00,000
Notes to Accounts
Particulars
1. Long Term Borrowings
12% Debentures 10,00,000
2.Other Non-current assets
Unamortized discount on issue of Debentures 1,60,000
3. Other Current Assets
Unamortized discount on issue of Debentures 40,000
4. Cash and Cash Equivalents
Bank 8,00,000
Page 4 of 14 Aglasem Schools
Page 6
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
Page : 164 , Block Name : Numerical questions
Q3 From the following information prepare the balance sheet of Gitanjali Ltd., as per the
(Revised) Schedule VI:
Inventories Rs. 14,00,000; Equity Share Capital Rs. 20,00,000; Plant and Machinery Rs.
10,00,000; Preference Share Capital Rs. 12,00,000; Debenture Redemption Reserve Rs.
6,00,000; Outstanding Expenses Rs. 3,00,000; Proposed Dividend Rs. 5,00,000; Land and
Building Rs. 20,00,000; Current Investments Rs. 8,00,000; Cash Equivalent Rs. 10,00,000;
Short term loan from Zaveri Ltd. (A Subsidiary Company of Twilight Ltd.) Rs. 4,00,000; Public
Deposits Rs. 12,00,000.
Answer.
Balance Sheet
as at ...
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital 1 32,00,000
b. Reserves and Surplus 2 6,00,000
2. Non-Current Liabilities
a. Long-term Borrowings 3 12,00,000
3. Current Liabilities
a. Other Current Liabilities 4 3,00,000
b. Short-term Borrowings 5 4,00,000
c. Short-term Provisions 6 5,00,000
Total 62,00,000
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets 7 30,00,000
ii. Intangible Assets
b. Non-Current Investments
Page 5 of 14 Aglasem Schools
Page : 164 , Block Name : Numerical questions
Q3 From the following information prepare the balance sheet of Gitanjali Ltd., as per the
(Revised) Schedule VI:
Inventories Rs. 14,00,000; Equity Share Capital Rs. 20,00,000; Plant and Machinery Rs.
10,00,000; Preference Share Capital Rs. 12,00,000; Debenture Redemption Reserve Rs.
6,00,000; Outstanding Expenses Rs. 3,00,000; Proposed Dividend Rs. 5,00,000; Land and
Building Rs. 20,00,000; Current Investments Rs. 8,00,000; Cash Equivalent Rs. 10,00,000;
Short term loan from Zaveri Ltd. (A Subsidiary Company of Twilight Ltd.) Rs. 4,00,000; Public
Deposits Rs. 12,00,000.
Answer.
Balance Sheet
as at ...
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital 1 32,00,000
b. Reserves and Surplus 2 6,00,000
2. Non-Current Liabilities
a. Long-term Borrowings 3 12,00,000
3. Current Liabilities
a. Other Current Liabilities 4 3,00,000
b. Short-term Borrowings 5 4,00,000
c. Short-term Provisions 6 5,00,000
Total 62,00,000
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets 7 30,00,000
ii. Intangible Assets
b. Non-Current Investments
Page 5 of 14 Aglasem Schools
Page 7
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
2. Current Assets
a. Inventories 14,00,000
b. Current Investments 8,00,000
c. Cash and Cash Equivalents 10,00,000
Total 62,00,000
Notes to Accounts
Particulars
1. Share Capital
Equity Share Capital 20,00,000
Preference Share Capital 12,00,000 32,00,000
32,00,000
2.Reserve and Surplus
Debenture Redemption Reserve 6,00,000
3. Long-term Borrowings
Public Deposits 12,00,000
4. Other Current Liabilities
Outstanding Expenses 3,00,000
5. Short-term Borrowings
Loan from Zaveri Ltd. 4,00,000
6. Short-Term Provisions
Proposed Dividend 5,00,000
7. Tangible Assets
Page 6 of 14 Aglasem Schools
2. Current Assets
a. Inventories 14,00,000
b. Current Investments 8,00,000
c. Cash and Cash Equivalents 10,00,000
Total 62,00,000
Notes to Accounts
Particulars
1. Share Capital
Equity Share Capital 20,00,000
Preference Share Capital 12,00,000 32,00,000
32,00,000
2.Reserve and Surplus
Debenture Redemption Reserve 6,00,000
3. Long-term Borrowings
Public Deposits 12,00,000
4. Other Current Liabilities
Outstanding Expenses 3,00,000
5. Short-term Borrowings
Loan from Zaveri Ltd. 4,00,000
6. Short-Term Provisions
Proposed Dividend 5,00,000
7. Tangible Assets
Page 6 of 14 Aglasem Schools
Page 8
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
Land and Building 20,00,000
Plant and Machinery 10,00,000 30,00,000
30,00,000
Page : 164 , Block Name : Numerical questions
Q4 From the following information prepare the balance sheet of Jam Ltd. as per the (revised)
Schedule VI:
Inventories Rs. 7,00,000; Equity Share Capital Rs. 16,00,000; Plant and Machinery Rs.
8,00,000; Preference Share Capital Rs. 6,00,000; General Reserves Rs. 6,00,000; Bills payable
Rs. 1,50,000; Provision for taxation Rs. 2,50,000; Land and Building Rs. 16,00,000; Noncurrent
Investments Rs. 10,00,000; Cash at Bank Rs. 5,00,000;Creditors Rs. 2,00,000; 12%
Debentures Rs. 12,00,000.
Answer.
Balance Sheet
as at March 31, 2013
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital 1 22,00,000
b. Reserves and Surplus 2 6,00,000
2. Non-Current Liabilities
a. Long-term Borrowings 3 12,00,000
3. Current Liabilities
a. Short-term Borrowings
b. Trade Payables 4 3,50,000
c. Short-term Provisions 5 2,50,000
Total 46,00,000
Page 7 of 14 Aglasem Schools
Land and Building 20,00,000
Plant and Machinery 10,00,000 30,00,000
30,00,000
Page : 164 , Block Name : Numerical questions
Q4 From the following information prepare the balance sheet of Jam Ltd. as per the (revised)
Schedule VI:
Inventories Rs. 7,00,000; Equity Share Capital Rs. 16,00,000; Plant and Machinery Rs.
8,00,000; Preference Share Capital Rs. 6,00,000; General Reserves Rs. 6,00,000; Bills payable
Rs. 1,50,000; Provision for taxation Rs. 2,50,000; Land and Building Rs. 16,00,000; Noncurrent
Investments Rs. 10,00,000; Cash at Bank Rs. 5,00,000;Creditors Rs. 2,00,000; 12%
Debentures Rs. 12,00,000.
Answer.
Balance Sheet
as at March 31, 2013
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital 1 22,00,000
b. Reserves and Surplus 2 6,00,000
2. Non-Current Liabilities
a. Long-term Borrowings 3 12,00,000
3. Current Liabilities
a. Short-term Borrowings
b. Trade Payables 4 3,50,000
c. Short-term Provisions 5 2,50,000
Total 46,00,000
Page 7 of 14 Aglasem Schools
Page 9
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets 6 24,00,000
b. Non-Current Investments 10,00,000
2. Current Assets
a. Inventories 7,00,000
b. Cash and Cash Equivalents 7 5,00,000
Total 46,00,000
Notes to Accounts
Particulars
1. Share Capital
Equity Share Capital 16,00,000
Preference Share Capital 6,00,000 22,00,000
22,00,000
2.Reserve and Surplus
General Reserve 6,00,000
3. Long Term Borrowings
12% Debentures 12,00,000
4. Trade Payables
Creditors 2,00,000
Bills Payable 1,50,000 3,50,000
3,50,000
Page 8 of 14 Aglasem Schools
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets 6 24,00,000
b. Non-Current Investments 10,00,000
2. Current Assets
a. Inventories 7,00,000
b. Cash and Cash Equivalents 7 5,00,000
Total 46,00,000
Notes to Accounts
Particulars
1. Share Capital
Equity Share Capital 16,00,000
Preference Share Capital 6,00,000 22,00,000
22,00,000
2.Reserve and Surplus
General Reserve 6,00,000
3. Long Term Borrowings
12% Debentures 12,00,000
4. Trade Payables
Creditors 2,00,000
Bills Payable 1,50,000 3,50,000
3,50,000
Page 8 of 14 Aglasem Schools
Page 10
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
5. Short-Term Provisions
Provision for Taxation 2,50,000
6. Tangible Assets
Land and Building 16,00,000
Plant and Machinery 8,00,000 24,00,000
24,00,000
7. Cash and Cash Equivalents
Bank 5,00,000
Page : 164 , Block Name : Numerical questions
Q5 Prepare the balance sheet of Jyoti Ltd. as at March 31, 2017 from the following information:
Building Rs. 10,00,000; Investments in the shares of Metro Tyers Rs. 3,00,000; Stores & Spares
Rs. 1,00,000; Discount on issue of 10% debentures Rs. 10,000; Statement of Profit and Loss
(Dr.) Rs. 90,000; 5,00,000 Equity Shares of Rs. 20 each fully paid-up; Capital Redemption
Reserve Rs. 1,00,000; 10% Debentures Rs. 3,00,000; Unpaid dividends Rs. 90,000; Share
options outstanding account Rs. 10,000.
Answer.
Balance Sheet
as at March 31, 2017
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital 1 10,00,000
b. Reserves and Surplus 2 10,000
2. Non-Current Liabilities
Long-term Borrowings 3 3,00,000
3. Current Liabilities
Page 9 of 14 Aglasem Schools
5. Short-Term Provisions
Provision for Taxation 2,50,000
6. Tangible Assets
Land and Building 16,00,000
Plant and Machinery 8,00,000 24,00,000
24,00,000
7. Cash and Cash Equivalents
Bank 5,00,000
Page : 164 , Block Name : Numerical questions
Q5 Prepare the balance sheet of Jyoti Ltd. as at March 31, 2017 from the following information:
Building Rs. 10,00,000; Investments in the shares of Metro Tyers Rs. 3,00,000; Stores & Spares
Rs. 1,00,000; Discount on issue of 10% debentures Rs. 10,000; Statement of Profit and Loss
(Dr.) Rs. 90,000; 5,00,000 Equity Shares of Rs. 20 each fully paid-up; Capital Redemption
Reserve Rs. 1,00,000; 10% Debentures Rs. 3,00,000; Unpaid dividends Rs. 90,000; Share
options outstanding account Rs. 10,000.
Answer.
Balance Sheet
as at March 31, 2017
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital 1 10,00,000
b. Reserves and Surplus 2 10,000
2. Non-Current Liabilities
Long-term Borrowings 3 3,00,000
3. Current Liabilities
Page 9 of 14 Aglasem Schools
Page 11
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
Other Current Liabilities 4 1,00,000
Total 14,10,000
II Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets 5 10,00,000
b. Non-Current Investments 6 3,00,000
2. Current Assets
a. Inventories 7 1,00,000
b. Other Current Assets 8 10,000
Total 14,10,000
Notes to Accounts
Particulars
1.Share Capital
Equity Share Capital (50,000* shares of Rs 20 each) 10,00,000
2.Reserve and surplus
Capital Redemption Reserve 1,00,000
Less: Statement of Profit or Loss (Debit) 90,000 10,000
10,000
3. Long-term Borrowings
10% Debentures 3,00,000
4. Other Current Liabilities
Unpaid Dividend 90,000
Share Option Outstanding 10,000 1,00,000
Page 10 of 14 Aglasem Schools
Other Current Liabilities 4 1,00,000
Total 14,10,000
II Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets 5 10,00,000
b. Non-Current Investments 6 3,00,000
2. Current Assets
a. Inventories 7 1,00,000
b. Other Current Assets 8 10,000
Total 14,10,000
Notes to Accounts
Particulars
1.Share Capital
Equity Share Capital (50,000* shares of Rs 20 each) 10,00,000
2.Reserve and surplus
Capital Redemption Reserve 1,00,000
Less: Statement of Profit or Loss (Debit) 90,000 10,000
10,000
3. Long-term Borrowings
10% Debentures 3,00,000
4. Other Current Liabilities
Unpaid Dividend 90,000
Share Option Outstanding 10,000 1,00,000
Page 10 of 14 Aglasem Schools
Page 12
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
1,00,000
5. Tangible Assets
Building 10,00,000
6. Non-Current Investments
Shares of Metro Tyres 3,00,000
7. Inventory
Stores and Spares 1,00,000
8. Other Current Assets
Discount on Issue of 10% Debentures 10,000
Page : 164 , Block Name : Numerical questions
Q6 Brinda Ltd. has furnished the following information:
(a) 25,000, 10% debentures of Rs. 100 each;
(b) Bank Loan of Rs. 10,00,000 repayable after 5 years;
(c) Interest on debentures is yet to be paid.
Show the above items in the balance sheet of the company as at March 31, 2017.
Answer.
Extract of Balance Sheet
as at March 31, 2017
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a Share Capital
Page 11 of 14 Aglasem Schools
1,00,000
5. Tangible Assets
Building 10,00,000
6. Non-Current Investments
Shares of Metro Tyres 3,00,000
7. Inventory
Stores and Spares 1,00,000
8. Other Current Assets
Discount on Issue of 10% Debentures 10,000
Page : 164 , Block Name : Numerical questions
Q6 Brinda Ltd. has furnished the following information:
(a) 25,000, 10% debentures of Rs. 100 each;
(b) Bank Loan of Rs. 10,00,000 repayable after 5 years;
(c) Interest on debentures is yet to be paid.
Show the above items in the balance sheet of the company as at March 31, 2017.
Answer.
Extract of Balance Sheet
as at March 31, 2017
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a Share Capital
Page 11 of 14 Aglasem Schools
Page 13
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
b. Reserves and Surplus
2. Non-Current Liabilities
Long-term Borrowings 1 35,00,000
3. Current Liabilities
Other Current Liabilities 2 2,50,000
Notes to Accounts
Particulars
1. Long Term Borrowings
12% Debentures 25,00,000
Bank Loan 10,00,000 35,00,000
35,00,000
2. Other Current Liabilities
Interest on Debentures 2,50,000
Page : 164 , Block Name : Numerical questions
Q7 Prepare a balance sheet of Black Swan Ltd., as at March 31, 2017 form the following
information:
General Reserve : 3,000
10% Debentures : 3,000
Statement of Profit & Loss : 1,200
Depreciation on fixed
: 700
assets
Gross Block : 9,000
Page 12 of 14 Aglasem Schools
b. Reserves and Surplus
2. Non-Current Liabilities
Long-term Borrowings 1 35,00,000
3. Current Liabilities
Other Current Liabilities 2 2,50,000
Notes to Accounts
Particulars
1. Long Term Borrowings
12% Debentures 25,00,000
Bank Loan 10,00,000 35,00,000
35,00,000
2. Other Current Liabilities
Interest on Debentures 2,50,000
Page : 164 , Block Name : Numerical questions
Q7 Prepare a balance sheet of Black Swan Ltd., as at March 31, 2017 form the following
information:
General Reserve : 3,000
10% Debentures : 3,000
Statement of Profit & Loss : 1,200
Depreciation on fixed
: 700
assets
Gross Block : 9,000
Page 12 of 14 Aglasem Schools
Page 14
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
Current Liabilities : 2,500
Preliminary Expenses : 300
6% Preference Share
: 5,000
Capital
Cash & Cash Equivalents : 6,100
Answer.
Extract of Balance Sheet
as at March 31, 2017
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital 1 5,000
b. Reserves and Surplus 2 4,200
2. Non-Current Liabilities
a. Long-term Borrowings 3 3,000
3. Current Liabilities 2,500
Total 14,700
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets 4 8,300
2. Current Assets
a. Cash and Cash Equivalents 5 6,100
b. Other Current Assets 6 300
Total 14,700
Page 13 of 14 Aglasem Schools
Current Liabilities : 2,500
Preliminary Expenses : 300
6% Preference Share
: 5,000
Capital
Cash & Cash Equivalents : 6,100
Answer.
Extract of Balance Sheet
as at March 31, 2017
Particulars Note No.
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital 1 5,000
b. Reserves and Surplus 2 4,200
2. Non-Current Liabilities
a. Long-term Borrowings 3 3,000
3. Current Liabilities 2,500
Total 14,700
II. Assets
1. Non-Current Assets
a. Fixed Assets
i. Tangible Assets 4 8,300
2. Current Assets
a. Cash and Cash Equivalents 5 6,100
b. Other Current Assets 6 300
Total 14,700
Page 13 of 14 Aglasem Schools
Page 15
Book Name : Accountancy-II Ncert Solutions | Chapter-3 Accountancy
Notes to Accounts
Particulars
1. Share Capital
6% Preference Share Capital 5,000
2.Reserve and Surplus
General Reserve 3,000
Statement of Profit or Loss 1,200 4,200
4,200
3.Long Term Borrowings
10% Debentures 3,000
4. Tangible Assets
Fixed Assets 9,000
Less: Depreciation 700 8,300
8,300
5.Cash and Cash Equivalents
Cash 6,100
6. Other Current Assets
Preliminary Expenses 300
Page : 165 , Block Name : Numerical questions
Page 14 of 14 Aglasem Schools
Notes to Accounts
Particulars
1. Share Capital
6% Preference Share Capital 5,000
2.Reserve and Surplus
General Reserve 3,000
Statement of Profit or Loss 1,200 4,200
4,200
3.Long Term Borrowings
10% Debentures 3,000
4. Tangible Assets
Fixed Assets 9,000
Less: Depreciation 700 8,300
8,300
5.Cash and Cash Equivalents
Cash 6,100
6. Other Current Assets
Preliminary Expenses 300
Page : 165 , Block Name : Numerical questions
Page 14 of 14 Aglasem Schools
Document Details
| Board / Org | NCERT |
| Exam | Class 12 |
| Type | Solution |
| Pages | 15 |
| Updated | 30 Apr 2026 |