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

Question 9 Chapter 1 of +2-B

Question 9 Chapter 1 of +2-B

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-Arrears Equity and Liabilities Shareholders’ Funds
(ii)Share Application Money Pending
Allotment
Equity and Liabilities Non-Current Liabilities
(iii)Unpaid Dividend Equity and Liabilities Current Liabilities
(iv)Dividend not paid on cumulative
Preference Shares
Not treated in the Balance sheet Not treated in the Balance sheet
     

 

 

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 9 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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