Question 08 Chapter 1 of +2-B – USHA Publication 12 Class

Q 8 CH 1 Book 2 Usha Pub. 2 Book 2020 Solution min 1 1024x576 - 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.

Liabilities Assets
Current Liabilities Non-Current Assets
Non-current liabilities Current 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: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

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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