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

Question 11 Chapter 1 of +2-B

Question 11 Chapter 1 of +2-B

Arrangement of Balance sheet Items

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: – 

 

Balance Sheet of Punjab Steel Limited

Items

Heading
(i) Licenses and Franchise Non – Current Liabilities
(ii)Tax Payable Current Liabilities
(iii) Outstanding Expenses Current Liabilities
(iv) Capital advances Non – Current Assets
(v) Debenture sinking Fund Non – Current Assets
(vi) Share forfeited account Share Capital Add to Subscribed Capital
(vii) Share issue Expenses Non – Current Assets



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

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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 11 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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