Question 1 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question No.1 Chapter No.1 T.S. Grewal 2 Book Part B 2019 Solution min min 1024x576 - Question 1 Chapter 1 of +2-B  - T.S. Grewal 12 Class

Question 1 Chapter 1 of +2-B

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
(3)

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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2 Book 3 min 225x300 - Question 1 Chapter 1 of +2-B  - T.S. Grewal 12 Class
Question 1 Chapter 1 of +2-B

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