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प्रश्न
Mention the heading and sub-heading under which Vehicles are shown in the Balance Sheet of a company prepared as per Schedule III of the Companies Act, 2013.
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उत्तर
Heading and subheading under which vehicles are shown in balance sheet:
- Heading: Non-current Assets
- Subheading: Fixed Assets - Tangible Assets
APPEARS IN
संबंधित प्रश्न
List any four items other than 'stock-in-trade' that are presented under the sub-head 'inventories' as per schedule Ill of the Companies Act, 2013.
Prepare a common size Balance Sheet of KJ Ltd. from the following information:
| Particular | Note No. |
31-3-2017 Rs |
31-3-2016 Rs |
|
I. Equity and Liabilities 1. Shareholders' Funds 2. Non-current Liabilities 3. Current Liabilities Total II. Assets 1. Non- Current Assets 2. Current Assets Total
|
8,00,000 5,00,000 3,00,000 16,00,000
10,00,000 6,00,000 16,00,000 |
4,00,000 2,00,000 2,00,000 8,00,000
5,00,000 3,00,000 8,00,000 |
C and D are the partner in a firm sharing profits in the ratio of 4:1. On 31.3.2016 their Balance Sheet was as follows :
| Balance Sheet of C and D As on 31.3.2016 |
|||
| Liabilities | Rs | Assets | Rs |
|
Sundry Creditors Provision for Bad debts Outstanding Salary General Reserve
Capitals C 1,20,000 D 80,000 |
40,000 4,000 6,000 10,000
2,00,000 |
Cash Debtors Stock Furniture Plant and Machinery
|
24,000 36,000 40,000 80,000 80,000
|
| 2,60,000 | 2,60,000 | ||
On the above date, E was admitted for 1/4 th share in the profits on the following terms:
1) E will bring 1, 00,000 as his capital and 20,000 for his share of goodwill premium half of which will be withdrawn by C and D.
2) Debtors 2,000 will be written off as bad debts and a provision of 4% will be created on debtors for bad debts and doubtful debts
3) The stock will be reduced by Rs 2,000, furniture will be depreciated by Rs 4,000 and 10% depreciation will be charged on plant and machinery
4) Investments of 7,000 not shown in the Balance Sheet will be taken into account.
5) There was an outstanding repairs bill of Rs 2,300 which will be recorded in the books.
Pass necessary journal entries for the above transactions in the books of the firm on E’s admission.
From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements :
| Balance Sheet of SRS Ltd as at 31-3-2016 | |||
| Particulars | Note No. |
31-03-2016 Rs |
31-03-2015 Rs |
|
I. Equity and Liabilities 1. Shareholder’s Funds (a) Share Capital (b) Reserve and Surplus 2. Non - Current Liabilities (a) Long-term borrowings 3. Current Liabilities (a) Short-term borrowings (b) Short-term provisions |
1
2
3 4 |
4,50,000 1,25,000
2,25,000
75,000 1,00,000 |
3,50,000 50,000
1,75,000
37,500 62,500 |
| Total | 9,75,000 | 6,75,000 | |
|
II. Assets 1. Non – Current Assets (a) Fixed Assets Tangible assets Intangible (b) Non – Current Investments 2. Current Assets (a) Current Investments (b) Inventories (c) Cash and Cash
|
5 6
7
|
7,32,500 50,000 75,000
20,000 61,000 36,500 |
4,52,500 75,000 50,000
35,000 36,000 26,500 |
| Total | 9,75,000 | 6,75,000 | |
| Note No | Particulars |
31-3-2016 Rs |
31-3-2015 Rs |
|
1
|
Reserve and Surplus (Surplus i.e. Balance in Statement of Profit and Loss) |
1,25,000
|
50,000
|
| 1,25,000 | 50,000 | ||
|
2
|
Long term borrowings : 12 % Debentures |
2,25,000 |
1,75,000 |
| 2,25,000 | 1,75,000 | ||
|
3
|
Short-term borrowings : Bank Overdraft |
75,000 |
37,500 |
| 75,000 | 37,500 | ||
|
4
|
Short-term provisions Provisions for tax |
1,00,000 |
62,500 |
| 1,00,000 | 62,500 | ||
|
5
|
Tangible Assets Machinery Accumulated Depreciation |
8,37,500 (1,05,000) |
5,22,500 (70,000) |
| 7,32,500 | 4,52,500 | ||
|
6
|
Intangible Assets Goodwill |
50,000 |
75,000 |
| 50,000 | 75,000 | ||
|
7
|
Inventories Stock in trade |
61,000 |
36,000 |
| 61,000 | 36,000 |
Additional Information:
1) Rs 50,000, 12% debentures were issued on 31.3.2016
2) During the year a piece of machinery costing Rs40,000 on which accumulated depreciation was Rs 20,000 was sold at a loss of Rs 5,000.
List the items which are shown under the heading current liabilities and provisions as per Schedule VI Part-I of the Companies’ Act,1956.
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.
(i) Prepaid Insurance
(ii) Investments in Debentures
(iii) Calls-in-arrears
(iv) Unpaid dividend
(v) Capital Reserve
(vi) Loose Tools
(vii) Capital work-in-progress
(viii) Patents being developed by the company.
Under which major heads and sub-heads will the following items be presented in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013?
- Income received in advance
- Computer Software
- Balance of forfeited shares account
Name the major heads and sub-heads under which the following items will be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013 :
- Goodwill
- Debenture Redemption Reserve
- Licenses and Franchise
Under which major heads and sub-heads will the following items be presented in the Balance Sheet of a Company as per Schedule III, Part I of the Companies Act, 2013:
- Cheques-Drafts on hand
- Work-in-Progress
- Balance in Statement of Profit and Loss
Classify the following items under Major heads and Sub heads (If any) in the balance sheet of a Company as per schedule III of the Companies Act 2013.
- Loose Tools
- Loan repayable on demand
- Provision for Retirement benefits
- Pre-paid Insurance
- Capital advances
- Shares in Listed Companies
