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Question 11 Chapter 1 of +2-B – USHA Publication 12 Class

Question 11 Chapter 1 of +2-B
Q-11- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 11 Chapter 1 of +2-B

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11. (Identification of heads of Assets & Liabilities) 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) Licenses and Franchise, (ii) Tax Payable, (iii) Outstanding Expenses, (iv) Capital advances, (v) Debenture sinking Fund, (vi) Share forfeited account, (vii) Share issue Expenses.

The solution of Question 11 Chapter 1 of +2-B: – 

Items

Heading
(i) Licenses and FranchiseNon – Current Liabilities
(ii)Tax PayableCurrent Liabilities
(iii) Outstanding ExpensesCurrent Liabilities
(iv) Capital advancesNon – Current Assets
(v) Debenture sinking FundReserve and Surplas
(vi) Share forfeited accountShare Capital Add to Subscribed Capital
(vii) Share issue ExpensesNon – Current Assets

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

Balance Sheet: Meaning, Format & Examples

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Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 11 – Financial Statements of a Company Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 03 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 09 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 15 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 21 Chapter 1 of +2-B – USHA Publication 12 Class

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Question 27 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.

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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

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Chapter No. 14 – Accounting Ratios

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.

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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