Question 51 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 51 Chapter 1 of +2-B

Question 51 Chapter 1 of +2-B

Miscellaneous

51.State under which major headings and sub-headings the following items will be Presented in the Balance Sheet of a company as per Schedule III of the Companies Act,2013:
(i) Capital Reserve; (ii) Calls-in-Advance;
(iii)Loose Tools; and (iv)Bank Overdraft.

 The solution of Question 51 Chapter 1 of +2-B: – 

 

Items

Major Heads  Sub-head
(i) Capital Reserve Shareholders’ Funds Reserves and Surplus
(ii)Calls-in-Advance Current Liabilities Other Current Liabilities
(iii) Loose Tools Current Assets Inventories
(iv)Bank Overdraft Current Liabilities Short-term Borrowings

 

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 51 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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