Question 2 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

Question no- 2 Chapter no -4 Unimax Class- 12 Part -II
Question no- 2 Chapter no -4 Unimax Class- 12 Part -II

Question 2 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

State briefly the items that are included in the following major heads under which liabilities of a limited company are shown:
(1) Reserve and Surplus (2) Secured Loans (3) Unsecured Loans (4) Current Liabilities and Provisions (5) Contingent liabilities.

The solution of Question 2 Chapter 4 – Unimax Publication Class 12 Part 2-2021 : –

Reserve and Surplus Secured Loans Unsecured
Loans
Current Labilities and Provisions Contingent liabilities
(1) Capital reserve *Bonds debentures Bonds / debenture Provisions Claims against the company not acknowledged as best Guarantees
  *Term Loans *Form banks *Short term provision employee benefit  
    *From other parties    
(2) Capital Redemption Reserve * From other parties   *Provision for doubtful debts  
(3) Securities Premium Reserve     *Provision for Taxation  
(4)Debenture Redemption Reserve      * Proposed Dividend  
(5) Revaluation Reserve        

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Financial Statements of a Company and Its formats

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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