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Analysis of Financial Statements — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyAnalysis of Financial Statements4 Marks
Question
State under which major headings and sub-headings will the following items be presented in the Balance Sheet of a company as per Schedule-III, Part-I of the Companies Act, 2013.
  1. Prepaid Insurance.
  2. Investment in Debentures.
  3. Calls-in-arrears.
  4. Unpaid dividend.
  5. Capital Reserve.
  6. Loose Tools.
  7. Capital work-in-progress.
  8. Patents being developed by the company.
✓

Answer

 
Item
Head
Sub-Head
(i)
Prepaid Insurance
Current Assets
Other Current Assets
(ii)
Investment in Debentures
Non Current Assets
Non Current Investments
(iii)
Calls-in-arrears
Shareholders’ Funds
Share Capital/ Subscribed Capital
(iv)
Unpaid dividend
Current Liabilities
Other Current Liabilities
(v)
Capital Reserve
Shareholders’ Funds
Reserves and Surplus
(vi)
Loose Tools
Current Assets
Inventories
(vii)
Capital work-inprogress
Non Current Assets
Fixed Assets
(viii)
Patents being developed by the company
Non Current Assets
Fixed Assets- Intangible Assets under development

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