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

Question 12 Chapter 1 of +2-B

Question 12 Chapter 1 of +2-B

Arrangement of Balance sheet Items

12. (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.10% Debentures ii.Bills discounted from bank
iii.Trade Payable iv.Calls in arrears
v.Debenture Redemption Reserve vi.General Reserve
vii.Work in Progress viii.Investment
ix.Output CGST x.Output SGST

 

The solution of Question 12 Chapter 1 of +2-B: – 

 

Items

Heading
(i) 10% Debentures Non – Current Liabilities
(ii)Bills discounted from bank Contingent Liabilities
(iii) Trade Payable Current Liabilities
(iv) Calls in arrears Share Capital (Deducted from Called up Capital)
(v) Debenture Redemption Reserve Reserve & Surplus
(vi) General Reserve Reserve & Surplus
(vii) Work in Progress Current Assets
(viii) Investment Non – Current Assets
(ix) Output CGST Current Liabilities – Other current Liabilities
(x) Output SGST Current Liabilities – Other current Liabilities



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

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

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