Question 17 Chapter 1 – V.K. Publication Class 12 Part 2 – 2021
Table of Contents
17. What treatment would you award to the following items in the Balance Sheet of a company as per Schedule III of the Companies Act 2013?
- Leaseholds
- Livestock
- Bills Receivable
- Goodwill
- Stock
- Building
- Investment in Land
- Work-in-Progress
- Capital Redemption Reserve
- Bills Payable
The solution of Question 17 Chapter 1 – V.K. Publication Class 12 Part 2: –
| S. No. | Items | Heading |
Sub Heading |
| (i) | Leaseholds | Non-Current Assets | Fixed Assets |
| (ii) | Livestock | Non-Current Assets | Fixed Assets |
| (iii) | Bills Receivable | Current Assets | Trade Receivable |
| (iv) | Goodwill | Non-Current Assets | Fixed Assets(Intangible) |
| (v) | Stock | Current Assets | Inventories |
| (vi) | Building | Non-Current Assets | Fixed Assets |
| (vii) | Investment in Land | Non-Current Assets | Non-Current Investments |
| (viii) | Work-in-Progress | Current Assets | Inventories |
| (ix) | Capital Redemption Reserve | Shareholder’s Funds | Reserve and Surplus |
| (x) | Bills Payable | Current Liabilities | Trade Payable |
Financial Statements of a Company and Its formats
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication