Question 11 Chapter 1 – V.K. Publication Class 12 Part 2 – 2021

Question 11 - CH-1 Solution
Question 11 - CH-1 Solution

Question 11 Chapter 1 – V.K. Publication Class 12 Part 2- 2021

11. Under which major heads, the following items will be placed in the Balance Sheets of company as per Schedule III, Part I of the Companies Act, 2013

  1. Securities Premium Reserve
  2. Balances with banks
  3.  Term loans from bank
  4.  Goods-in-transit
  5. Loans repayable on demand
  6. Computer software
  7. Unpaid dividend 
  8. Vehicles

The solution of Question 11 Chapter 1 – V.K. Publication Class 12 Part 2: –

S.No. Items Major
(i) Securities Premium Reserve Shareholders Fund
(ii) Balances with banks Current Assets
(iii) Term loans from bank Non –Current liabilities
(iv) Goods-in-transit Current Assets
(v) Loans repayable on demand Current liabilities
(vi) Computer software Non-current Assets
(vii) Unpaid dividend Current liabilities
(viii) Vehicles Non-Current Assets

 

Financial Statements of a Company and Its formats

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

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)

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

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