Q 8 CH 1 Book 2 Usha Pub. 2 Book 2020 Solution min 1 - Question 08 Chapter 1 of +2-B  - USHA Publication  12 Class

Question 08 Chapter 1 of +2-B

Arrangement of Balance sheet Items

8. (Rearranging Heads of Assets & Liabilities) Rearrange the following heads of Assets and Liabilities according to the provision of Schedule III.

LiabilitiesAssets
Current LiabilitiesNon-Current Assets
Non-current liabilitiesCurrent Assets
Shareholder funds  
Share application money pending allotment 

 

 

The solution of Question 08 Chapter 1 of +2-B: – 

 

Balance Sheet of Punjab Steel Limited

Particulars

(1)

Note no.
(2)
Figures as at the end of the Current Reporting Period
(3)
Figures as at the end of the Previous Reporting Period
(4)
I. Equity and Liabilities   
1. Shareholders’ Funds   
2. Share Application Money Pending Allotment   
3. Non-Current Liabilities   
4. Current Liabilities   
Total   
II. Assets   
Non-Current Assets   
Current Liabilities   
Total   

 


To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 08 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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