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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 11 Chapter 1 of +2-B
11.State any two items that are included in the following major heads under
which liabilities of a company are shown: (i)Reserves and Surplus;(ii)
Long-term Borrowings;(iii) Short-term Borrowings;(iv) Other Current
Liabilities.
|
Items |
Heads |
Sub. Heads |
|---|---|---|
| (i)Reserves and Surplus | Capital Reserves | Capital Redemption Reserves |
| (ii)Long-term Borrowings | Debentures | Public Deposits |
| (iii)Short-term Borrowings | Bank Overdraft | Cash Credit from Bank |
| (iv)Other Current Liabilities |
Unpaid Dividend | Interest Accrued and Due on Borrowings |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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