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Financial Statements of Companies — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyFinancial Statements of Companies6 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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