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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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
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
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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