[ISC] Q. 20 Solution of Final Accounts of Companies – Application TS Grewal ISC (2023-24)

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Solution of Q 20 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2023-24

Prepare Balance Sheet of V.T. Ltd as at 31st March, 2023, from the following information as per provisions of Schedule III, Part I of the Companies Act, 2013:

General Reserve
8% Debentures
Surplus, i.e., Balance in Statement of Profit & Loss (Credit)
Depreciation on Property, Plant and Equipment
3,000
3,000
1,200
700
Property, Plant and Equipment (Cost)
Current Liabilities
Share Capital
Current Assets
9,000
2,500
5,000
6,400

Solution:-

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