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[ISC] Q. 26 Solution of Final Accounts of Companies – Application TS Grewal ISC 2023-24 Edition

Question 26 of 26Chapter 10Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 26, Chapter 10 Final Accounts of Companies – Application of Schedule III, Part I of the Companies Act, 2013, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 26

Following balances have been extracted from the books of Rama Ltd., on 31st March, 2023:

Equity Share Capital (1,00,000 Equity Shares of ₹ 10 each) ₹ 10,00,000; (Out of these, 15,000 Equity Shares of ₹ 10 each have been issued to a Vendor); Securities Premium ₹ 2,00,000; 12% Debentures ₹ 5,00,000; Creditors ₹ 3,00,000; Surplus, i.e., Balance in Statement of Profit & Loss (Debit) ₹ 1,00,000; Land and Building ₹ 9,00,000; Government Bonds ₹ 6,00,000; Capital Work-in-Progress (Building) ₹ 3,50,000; and Cash at Bank ₹ 50,000.

Debentures were issued on 1st April, 2022 redeemable after 5 years, i.e., on 31st March, 2027.

Prepare Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013.

TS Grewal Class 12 Final Accounts of Companies Question 26

Solution

Solution of Q 26 Final Accounts of Companies TS Grewal 2023-24 part 1
Solution of Q 26 Final Accounts of Companies TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 26 Final Accounts of Companies TS Grewal 2023-24 part 3
Solution of Q 26 Final Accounts of Companies TS Grewal 2023-24 part 4
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About this solution

This is Chapter 10 Final Accounts of Companies-Application of ISC TS Grewal Edition 2023-24.

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 Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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