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Question 6 Chapter 4 - Unimax Publication Class 12 Part 2 - 2021
How would you disclose the following items in the Balance sheet of a Limited company:
(1) Stock; (2) Goodwill; (3) Bills payable; (4) Preliminary expenses; (5) Unclaimed dividends.
| S. No | Items | Main Heading | Sub Heading |
|---|---|---|---|
| 1. | Stock | Current Assets | Inventories |
| 2. | Goodwill | Non-Current Assets – Fixed Assets | Intangible Assets |
| 3. | Bills Payable | Current Liabilities | Trade payable |
| 4. | Preliminary expenses | Shares capital | Reserve and Surplus : From securities premium deducted |
| 5. | Unclaimed Dividend | Current Liabilities |
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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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