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

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

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

How would you disclose the following items in the balance sheet of a Limited company:
(1) Furniture (2) Securities premium account (3) Provision for Tax (5) Loose Tools (5) share forfeited account.

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

S. No Items Main Heading Sub Heading
1. Furniture Non-Current Assets Fixed Assets-Tangible Assets
2. Securities Premium Account Shareholder’s Fund Shareholder’s Fund
3. Provision for Tax Current Liabilities ‘Short Term Provision
4. Losse Tools Current Assets Inventories
5. Share Forfeited Share capital Subscribed and paid by capital (Shown by way of addition)

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Financial Statements of a Company and Its formats

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