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 Content covered in this article:
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
Chapter No. 3 – Partnership Accounts – II (Introduction)
Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)
Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)
Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)
Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)
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 (Balance Sheet Only)
Chapter No. 2 – Techniques of Financial Statement Analysis
Chapter No. 3 – Ratio Analysis
Chapter No. 4 – Cash Flow Statement
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