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Financial Statements of a Company — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyFinancial Statements of a Company6 Marks
Question
Under what heads will you classify the following items on the equity and liability side of the Balance Sheet of a limited company:
  1. Unclaimed Dividend.
  2. Proposed Dividend.
  3. Securities Premium Reserve.
  4. Share Forfeited Account.
  5. Public Deposits.
  6. Debentures.
  7. Bills discounted but not matured.
✓

Answer

 
Items
Heading
Sub-heading (if any)
(i)
Unclaimed Dividend
Current Liabilities
'Other Current Liabilities'
(ii)
Proposed Dividend
Contingent Liabilities, in 'Notes to Accounts'
__
(iii)
Securities Premium Reserve
shareholder's Funds
Reverse and Surplus
(iv)
Share Forfeited Account
shareholder's Funds
Added to Subscribed Capital
(v)
Public Deposits
Non-Current Liabilities
Long-term Borrowings
(vi)
Debentures
Non-Current Liabilities
Long-term Borrowings
(vii)
Bills discounted but not matured.
Contingent Liabilities in notes to Accounts
__

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