Read the following information carefully and answer the question. The Balance Sheet of ABC Ltd as of 31 March 2022:Liabilities Amount (₹) Assets Amount (₹) Share capital 4,00,000 Fixed Assets 9,50,000 Equity (₹10) - Current Assets 2,34,000 12% preference shares 1,00,000 - - General Reserve 1,84,000 - - 10% Debentures 4,00,000 - - Current Liabilities 1,00,000 - - Total 11,84,000 Total 11,84,000 Additional information:
Shareholder’s fund will be:
₹6,84,000
Shareholders' funds = Equity Share Capital + Reserves & Surplus.
Important Questions from Financial Statements of a Company
Arrange the following steps in the correct sequence of the life of a company:
(A) Commencement of Business
(B) Incorporation
(C) Promotion
(D) Floatation
Choose the correct answer from the options given below:
Salaries and wages are shown in the Statement of Profit and Loss under the head:
The amount of Capital Reserve is:
Loan taken by A Ltd from Punjab National Bank will be classified under the following head:
Book value per share will be:
