Question 16 Chapter 1 of +2-B – USHA Publication 12 Class

Question 16 Chapter 1 of +2-B

Question 16 Chapter 1 of +2-B

Arrangement of Balance sheet Items

16. (Identification of heads of Assets & Liabilities/GST) 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) Denture sinking fund, (ii) Capital Redemption Reserve, (iii) Work in Progress, (iv) Investment in Preference Shares, (v) Security deposits, (vi) Input IGST, (vii) Output IGST.

 

The solution of Question 16 Chapter 1 of +2-B: – 

 

Items

Heading
(i) Denture sinking fund Shareholders’ Fund – Reserve & Surplus
(ii) Capital Redemption Reserve Shareholders’ Fund – Reserve & Surplus
(iii) Work in Progress Current Assets
(iv) Investment in Preference Shares Non – Current Assets
(v) Security deposits Non – Current Liabilities
(vi) Input IGST Current Assets
(vii) Output IGST Current Liabilities



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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2 Book 3 min 225x300 - Question 16 Chapter 1 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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