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Question No 09 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Under which heading will you show the following items?
(a) Debenture Suspense Account
(b) Provision for Provident fund
(c) Development Expenditure
(d) Profit & Loss Account (Dr.)
(e) Uncalled liabilities on partly paid shares held as investments.
| S. No | Items | Main Heading | Sub Heading |
|---|---|---|---|
| 1. | Debenture Suspense A/c | Non-Current Assets | Other Non-Current Assets |
| 2. | Provision for Provident Fund | Current Liabilities | Short Term Provision |
| 3. | Development | Non-Current Assets | Other Non-Current Assets |
| 4. | Profit & Loss A/c | Shareholder Fund | Reserve and Surplus |
| 5. | Uncalled Liability on partly paid shares | Contingent Liabilities | Shown in ‘Note of Account’ |
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 No 09 Chapter 4 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
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