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Question 7 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

Question no- 7 Chapter no -4 Unimax Class- 12 Part -II
Question no- 7 Chapter no -4 Unimax Class- 12 Part -II

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Question 7 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

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Under which will you show the following items in the balance sheet of a limited company?

(1) Preposed Dividend
(2) Work in Progress
(3) Acceptance (Bills Payable)
(4) Capital Reserve
(5) Loan from Bank
(6) Investment in immovable properties.
(7) Interest accured and due on debentures.
(8) Bills of Exchange
(9) Fixed Deposits
(10) Underwriting commission

The solution of Question 7 Chapter 4 – Unimax Publication Class 12 Part 2 -2021: –

S. NoItemsMain HeadingSub Heading
1.Proposed DividendCurrent LiabilitiesShort term Provisions
2.Work in ProgressCurrent AssetsInventories
3.Bills PayableCurrent LiabilitiesTrade payable
4.Capital ReserveShareholder fundsReserve and Surplus
5.Loan from bankNon-Current LiabilitiesLong term Borrowing
6.Investment in Moveable property Non-Current AssetsNon-Current Investment
7.Interest AccuredCurrent AssetsOther Current Assets
8.Bills of ExchangeCurrent AssetsTrade receivable
9.Fixed depositNon-Current LiabilitiesLong term Borrowings
10.Underwriting commissionNon-Current AssetsOther Non-Current Assets

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