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Question 9 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

Question no- 9 Chapter no -4 Unimax Class- 12 Part -II
Question no- 9 Chapter no -4 Unimax Class- 12 Part -II

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Question 9 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021

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Under which heading will you show the following items?
(a) Debenture Suspense Account
(b) Provision for Provident fund
(c) Development Expenditure
(d) Profit & Loss Account (Dr.)
(e) Uncalled liabilities on partly paid shares held as investments.

The solution of Question 9 Chapter 4 – Unimax Publication Class 12 Part 2 – 2021: –

S. NoItems Main HeadingSub Heading
1.Debenture Suspense A/cNon-Current AssetsOther Non-Current Assets 
2.Provision for Provision FundCurrent LiabilitiesShort Term Provision
3.DevelopmentNon-Current AssetsOther Non-Current Assets
4.Profit & Loss A/cShareholder FundReserve and Surplus
5.Uncalled Liability on partly paid sharesContingent LiabilitiesShown in ‘Note of Account’

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