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 Content covered in this article:
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
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- 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
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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