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Question 16 Chapter 1 of +2-B
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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:
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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
- 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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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