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

Question 10 Chapter 1 of +2-B
Question No. 10 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 10 Chapter 1 of +2-B

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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) BondsNon-Current LiabilitiesLong-term Borrowing
(ii)Debentures
Allotment
Non-Current LiabilitiesLong-term Borrowing
(iii)Public DepositsNon-Current LiabilitiesLong-term Borrowing
(iv)Capital Redemption Reserve
Preference Shares
Shareholders’ FundsReserve and Surplus
(v) Forfeited Shares AccountShareholders’ FundsShare Capital
(vi) Sundry CreditorsCurrent LiabilitiesOther Current Liabilities
(vii) Interest Accrued But Not due on debenturesCurrent LiabilitiesOther Current Liabilities
   

 

 

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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: –

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

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)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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

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