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Question 24 Chapter 1 VK Publications Class 12 Part 2 – 2021
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Table of Contents
24. The folowing items were extracted from the books of Amar Ltd. as at 31St March, 2018:
- Furniture and Fittings
- Fixed Deposits of Public
- Plant and Machinery
- Interest Accured and due on Secured Loans
- Goodwill
- Bills Payables
- patents and trade Marks
- Unclaimed Dividends
- Capital Reserve
- Securities Premium Reserve.
Name the headings and sub-headings of a Balance Sheet if any, under Reserveabove mentioned items.
The solution of Question 24 Chapter 1 VK Publications Class 12 Part 1: –
| S.No. | Items | Heading | Sub Heading |
| (i) | Furniture and Fittings | Non-current Assets | Fixed Assets ( Tangible) |
| (ii) | Fixed Deposits of Public | Non-current Liabilities | Long term Borrowings |
| (iii) | Plant and Machinery | Non-current Assets | Fixed Assets ( Tangible) |
| (iv) | Interest Accrued and due on Secured Loans | Current Liabilities | Other Current Liabilities |
| (v) | Goodwill | Non-current Assets | Fixed Assets ( Intangible) |
| (vi) | Bills Payables | Current Liabilities | Trade Payable |
| (vii) | Patents and trade Marks | Non-current Assets | Fixed Assets ( Intangible) |
| (viii) | Unclaimed Dividends | Current Liabilities | Other Current Liabilities |
| (ix) | Capital Reserve | Shareholders’ Funds | Reserves and Surplus shares |
| (x) | Securities Premium Reserve. | Shareholders’ Funds | Reserves and Surplus shares |
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)
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- 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