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

Question 13 Chapter 1 of +2-B
Q-13- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 13 Chapter 1 of +2-B

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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: – 

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Items

Heading
(i)Interest accrued on investmentCurrent Assets
(ii)Premium on redemption of debenturesNon – Current Liabilities
(iii)Arrears of fixed cumulative preference dividendContingent Liabilities- Footnote
(iv) Shares of NTPCNon – Current Assets
(v) Fixed deposits from PublicNon – Current Liabilities
(vi) Capital Redemption ReserveShareholders’ Fund – Reserve & Surplus
(vii) Debenture Redemption ReserveShareholders’ Fund – Reserve & Surplus



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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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