Question 10 Chapter 1 of +2-B – USHA Publication 12 Class

Question 10 Chapter 1 of +2-B
Q-10- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 10 Chapter 1 of +2-B

Arrangement of Balance sheet Items

10. (Identification of heads of Assets & Liabilities/GST) Give the heading under which the following items will be shown in a company’s balance sheet as per schedule III of Companies Act, 2013.
(i) Securities Premium Reserve, (ii) General Reserve, (iii) 10% Debentures, (iv) Stores and Spare parts, (v) Patents, (vi) Input IGST, (vii) Input CGST, (viii) Input SGST.

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

Items

Heading
(i) Securities Premium Reserve Reserve & Surplus
(ii) General Reserve Reserve & Surplus
(iii) 10% Debentures Non – Current Liabilities
(iv) Stores and Spare parts Current Assets – Inventories
(v) Patents Non – Current Assets – Intangible Assets
(vi) Input IGST Current Assets – Other Current Assets
(vii) Input CGST Current Assets – Other Current Assets
(viii) Input SGST Current Assets – Other Current Assets

Note: Input IGST, CGST & SGST is charged on the Supply of Goods & Services or sale of goods & services.

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Question 10 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 20 Chapter 1 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

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Chapter No. 15 – Cash Flow Statement

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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