Question 4 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
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
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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