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DK Goel Solutions ISC Q 4 Chapter 9 Financial Statements of Companies Class 12 ISC [2023-24]

Question 4 of 24Chapter 9Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 4, Chapter 9 Financial Statements of Companies, DK Goel Class 12 Accountancy 2023-24 for the ISC Board.

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Question 4

Axis Ltd. has the following balances on 1st April, 2022 :

  1. Statement of Profit & Loss ₹ 3,00,000
  2. Debenture Redemption Reserve ₹ 5,00,000
  3. General Reserve ₹ 7,00,000
  4. Securities Premium ₹ 2,00,000

It earned a profit of ₹ 6,00,000 for the year ended 31st March, 2023. It decided to transfer ₹ 3,00,000 towards General Reserve and ₹ 2,50,000 towards Debenture Redemption Reserve.

Directors proposed a final dividend of ₹ 80,000.

Show how these items will appear in the Balance Sheet and notes to accounts.

DK Goel Class 12 Financial Statements of Companies Question 4

Solution

Solution of Q 4 Financial Statements of Companies DK Goel 2023-24 part 1
Solution of Q 4 Financial Statements of Companies DK Goel 2023-24 part 2
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About this solution

This is Chapter 9 Financial Statements of Companies of DK Goel For 2024 Examinations.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per ISC Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.

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