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

Question 14 Chapter 1 of +2-B
Q-14- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 14 Chapter 1 of +2-B

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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)GoodwillNon – Current Assets
(ii)PatentsNon – Current Assets
(iii)Provident FundCurrent Liabilities
(iv) CopyrightsNon – Current Assets
(v) Unclaimed DividendCurrent Liabilities
(vi) Stores and Spare PartsCurrent Assets

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

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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

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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