Question 24 Chapter 1 VK Publications Class 12 Part 2

Question 24 Chapter 1 VK Publications Class 12 Part 2 – 2021

Table of Contents

24. The folowing items were extracted from the books of Amar Ltd. as at 31St March, 2018:

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