Question 10 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 10 Chapter 1 of +2-B

Question 10 Chapter 1 of +2-B

10.Under which main head and sub-head of Equity and Liabilities part of
the balance sheet is the following items classified or shown:

(i)Bonds (v) Forfeited Shares Account
(ii)Debentures (vi) Sundry Creditors
(iii)Public Deposits (vii) Interest Accrued But Not due on Debentures
(iv) Capital Redemption Reserve  

 

The solution of Question 10 Chapter 1 of +2-B: – 

Items

Heads
Sub. Heads
(i) Bonds Non-Current Liabilities Long-term Borrowing
(ii)Debentures
Allotment
Non-Current Liabilities Long-term Borrowing
(iii)Public Deposits Non-Current Liabilities Long-term Borrowing
(iv)Capital Redemption Reserve
Preference Shares
Shareholders’ Funds Reserve and Surplus
(v) Forfeited Shares Account Shareholders’ Funds Share Capital
(vi) Sundry Creditors Current Liabilities Other Current Liabilities
(vii) Interest Accrued But Not due on debentures Current Liabilities Other Current Liabilities
     

 

 

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 10 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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