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: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

Chapter No. 8 – Company Accounts (Share Capital)

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

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

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – 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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