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

Question 10 Chapter 1 of +2-B

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: – 

 

Balance Sheet of Punjab Steel Limited

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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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  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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