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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

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

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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. NoItemsMain HeadingSub Heading
1.FurnitureNon-Current AssetsFixed Assets-Tangible Assets
2.Securities Premium AccountShareholder’s FundShareholder’s Fund
3.Provision for TaxCurrent Liabilities‘Short Term Provision
4.Losse ToolsCurrent AssetsInventories
5.Share ForfeitedShare capitalSubscribed 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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Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

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