Question

Under which heads will the following items be shown in the Balance Sheet of a company:

1. Bank Balance;
2. Investments (Long-term);
3. Outstanding Salary;
4. Subscribed and paid-up Capital;
5. Bills Payable;
6. Unclaimed Dividends;
7. Shares Option Outstanding Account; and
8. General Reserve;
9. Uncalled Liability on Shares?

Answer 1

S. No.	Item	Head	Sub-head
(i)	Bank Balance	Current Assets	Cash and Cash Equivalents
(ii)	Investments (Long-term)	Non-current Assets	Non-current Investments
(iii)	Outstanding Salary	Current Liabilities	Other Current Liabilities
(iv)	Subscribed and paid-up Capital	Shareholders’ Funds	Share Capital
(v)	Bills Payable	Current Liabilities	Trade Payables
(vi)	Unclaimed Dividends	Current Liabilities	Other Current Liabilities
(vii)	Shares Option Outstanding Account	Shareholders’ Funds	Reserves and Surplus
(viii)	General Reserve	Shareholders’ Funds	Reserves and Surplus
(ix)	Uncalled Liability on Shares	It is a Commitment and is disclosed in the Notes to Accounts.