Question 1 Chapter 1 of +2-B
Table of Contents
1. What are the major heads in the equity and liabilities part of the balance sheet as per schedule III?
The solution of Question 1 Chapter 1 of +2-B: –
|
Particular (1) |
Note No. (2) |
Figures as at the end of the Current Reporting Period |
Figures as at the end of the Previous Reporting Period (4) |
| I. Equity and Liabilities | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | |||
| (b) Reserves and Surplus | |||
| (c) Money Received against Share Warrants | |||
| 2. Share Application Money Pending Allotment | |||
| 3. Non-Current Liabilities | |||
| (a) Long-term borrowings | |||
| (b) Deferred Tax Liabilities (net) | |||
| (c) Other long-term liabilities | |||
| (d) long-term Provision | |||
| 4. Current Liabilities | |||
| (a) Short-term Borrowings | |||
| (b) Trade Payables | |||
| (c) Other current Liabilities | |||
| (d) Short-term Provision | |||
| Total | |||
| II. Assets | |||
| 1.Non-Current Assets | |||
| (a) Fixed Assets: | |||
| (i) Tangible Assets | |||
| (ii) Intangible Assets | |||
| (iii) Capital Work-in-progress | |||
| (iv) Intangible Assets under development | |||
| (b) Non-Current Investment | |||
| (c) Deferred Tax Assets (net) | |||
| (d) Long-term loans and advances | |||
| (e) Other Non-Current Assets | |||
| 2. Current Assets | |||
| (a)Current Investment | |||
| (b)Inventories | |||
| (c) Trade receivable | |||
| (d) Cash and Cas equivalents | |||
| (e) Short-term loans and advances | |||
| (f) Other current Assets | |||
| 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)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
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