Question 14 Chapter 1 of +2-B – USHA Publication 12 Class

Question 14 Chapter 1 of +2-B

Arrangement of Balance sheet Items

14. (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) Goodwill, (ii) Patents, (iii) Provident Fund, (iv) Copyrights, (v) Unclaimed Dividend, (vi) Stores and Spare Parts.

 

The solution of Question 14 Chapter 1 of +2-B: – 

 

Items	Heading
(i)Goodwill	Non – Current Assets
(ii)Patents	Non – Current Assets
(iii)Provident Fund	Current Liabilities
(iv) Copyrights	Non – Current Assets
(v) Unclaimed Dividend	Current Liabilities
(vi) Stores and Spare Parts	Current Assets

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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