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

Question 08 Chapter 1 of +2-B

Table of Contents

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

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

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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: –

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