Question 1 Chapter 1 of +2-B - T.S. Grewal 12 Class

Question 1 Chapter 1 of +2-B

1. What are the major heads in the equity and liabilities part of the balance sheet as per schedule III?

The solution of Question 1 Chapter 1 of +2-B: - 

Particular (1)	Note No. (2)	Figures as at the end of the Current Reporting Period (3)	Figures as at the end of the Previous Reporting Period (4)
I. Equity and Liabilities
1. Shareholders’ Funds
(a) Share Capital
(b) Reserves and Surplus
(c) Money Received against Share Warrants
2. Share Application Money Pending Allotment
3. Non-Current Liabilities
(a) Long-term borrowings
(b) Deferred Tax Liabilities (net)
(c) Other long-term liabilities
(d) long-term Provision
4. Current Liabilities
(a) Short-term Borrowings
(b) Trade Payables
(c) Other current Liabilities
(d) Short-term Provision
Total
II. Assets
1.Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets
(ii) Intangible Assets
(iii) Capital Work-in-progress
(iv) Intangible Assets under development
(b) Non-Current Investment
(c) Deferred Tax Assets (net)
(d) Long-term loans and advances
(e) Other Non-Current Assets
2. Current Assets
(a)Current Investment
(b)Inventories
(c) Trade receivable
(d) Cash and Cas equivalents
(e) Short-term loans and advances
(f) Other current Assets
Total

 

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Also, Check out the solved question of previous Chapters: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 - Accounting for Partnership Firms - Fundamentals
• Chapter No. 3 - Goodwill: Nature and Valuation
• Chapter No. 4 - Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 - Admission of a Partner
• Chapter No. 6 - Retirement/Death of a Partner
• Chapter No. 7 - Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 - Company Accounts -  Accounting for Share Capital
• Chapter No. 9 - Company Accounts - Issue of Debentures
• Chapter No. 10 - Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 - Financial Statements of a Company
• Chapter No. 2 - Financial Statement Analysis 
• Chapter No. 3 - Tools of Financial Statement Analysis - Comparative Statements and Common- Size Statements
• Chapter No. 4 - Accounting Ratios
• Chapter No. 5 - Cash Flow Statement

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