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Question 11 Chapter 1 - V.K. Publication Class 12 Part 2- 2021
11. Under which major heads, the following items will be placed in the Balance Sheets of company as per Schedule III, Part I of the Companies Act, 2013
| S.No. | Items | Major |
|---|---|---|
| (i) | Securities Premium Reserve | Shareholders Fund |
| (ii) | Balances with banks | Current Assets |
| (iii) | Term loans from bank | Non –Current liabilities |
| (iv) | Goods-in-transit | Current Assets |
| (v) | Loans repayable on demand | Current liabilities |
| (vi) | Computer software | Non-current Assets |
| (vii) | Unpaid dividend | Current liabilities |
| (viii) | Vehicles | Non-Current Assets |
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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.
This guide covers "Question 11 Chapter 1 - V.K. Publication Class 12 Part 2 - 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to V K Publications part 2 class 12.
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