[ISC] Q. 26 Final Accounts of Companies Application Solution of TS Grewal ISC (2026-27) Edition
Solution of Q 26 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2026-27
Following balances have been extracted from the books of R.K. Jewellers Ltd. as at 31st March, 2023:
| Liabilities | ₹ | Assets | ₹ |
| Equity Share Capital (fully paid shares of ₹ 100 each) Underwriting Commission Investments Loans and Advances Provision for Tax Secured Loans | 2,40,000 12,000 1,14,000 6,000 90,000 90,000 | Reserves and Surplus Property, Plant and Equipment and Intangible Assets (At Cost) Current Assets Current Liabilities Provision for Depreciation Unsecured Loans | 1,98,000 5,46,000 2,93,400 1,97,400 1,26,000 30,000 |
There is a contingent liability in respect of a claim of ₹ 15,000 against the company not acknowledged as debt.
Prepare Balance Sheet of R.K Jewellers Ltd. as at 31st March, 2023 in the form prescribed under part I of Schedule III of the Companies Act, 2013.
Solution:-
