Question 13 Chapter 1 of +2-B – USHA Publication 12 Class

Question 13 Chapter 1 of +2-B

Question 13 Chapter 1 of +2-B

Arrangement of Balance sheet Items

13. (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) Interest accrued on investment, (ii) Premium on redemption of debentures, (iii) Arrears of fixed cumulative preference dividend, (iv) Shares of NTPC, (v) Fixed deposits from Public, (vi) Capital Redemption Reserve, (vii) Debenture Redemption Reserve.

 

The solution of Question 13 Chapter 1 of +2-B: – 

 

Items

Heading
(i)Interest accrued on investment Current Assets
(ii)Premium on redemption of debentures Non – Current Liabilities
(iii)Arrears of fixed cumulative preference dividend Contingent Liabilities- Footnote
(iv) Shares of NTPC Non – Current Assets
(v) Fixed deposits from Public Non – Current Liabilities
(vi) Capital Redemption Reserve Shareholders’ Fund – Reserve & Surplus
(vii) Debenture Redemption Reserve Shareholders’ Fund – Reserve & Surplus



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

Balance Sheet: Meaning, Format & Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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 13 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply