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Question 9 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 9 Chapter 1 of +2-B
Question No. 9 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 9 Chapter 1 of +2-B

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9.Under which head and how are the following items shown in the
balance sheet of a company under schedule III:

(i) Calls-in-arrears; (ii) Share Application Money Pending Allotment; (iii) Unpaid dividend; and (iv) Dividend not paid on cumulative preferences shares?

The solution of Question 9 Chapter 1 of +2-B: – 

 

Items

Heads
Sub. Heads
(i)Calls-in-ArrearsEquity and LiabilitiesShareholders’ Funds
(ii)Share Application Money Pending
Allotment
Equity and LiabilitiesNon-Current Liabilities
(iii)Unpaid DividendEquity and LiabilitiesCurrent Liabilities
(iv)Dividend not paid on cumulative
Preference Shares
Not treated in the Balance sheetNot treated in the Balance sheet
   

 

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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: –

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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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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