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Question 24 Chapter 1 VK Publications Class 12 Part 2 - 2021
24. The folowing items were extracted from the books of Amar Ltd. as at 31St March, 2018:
Name the headings and sub-headings of a Balance Sheet if any, under Reserveabove mentioned items.
| S.No. |
Items | Heading | Sub Heading |
|---|---|---|---|
| (i) | Furniture and Fittings | Non-current Assets | Fixed Assets ( Tangible) |
| (ii) | Fixed Deposits of Public | Non-current Liabilities | Long term Borrowings |
| (iii) | Plant and Machinery | Non-current Assets | Fixed Assets ( Tangible) |
| (iv) | Interest Accrued and due on Secured Loans | Current Liabilities | Other Current Liabilities |
| (v) | Goodwill | Non-current Assets | Fixed Assets ( Intangible) |
| (vi) | Bills Payables | Current Liabilities | Trade Payable |
| (vii) | Patents and trade Marks | Non-current Assets | Fixed Assets ( Intangible) |
| (viii) | Unclaimed Dividends | Current Liabilities | Other Current Liabilities |
| (ix) | Capital Reserve | Shareholders' Funds | Reserves and Surplus shares |
| (x) | Securities Premium Reserve. | Shareholders' Funds | Reserves and Surplus shares |
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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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