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Under Which Heads and Sub-heads the Following Items Will Appear in the Balance Sheet of a Company as per Revised Schedule Vi, Part-i of the Companies Act 1956. I. Tax Reserve Ii. Interest on Calls in Advance Iii. Store and Spares - CBSE (Arts) Class 12 - Accountancy

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Question

Under which heads and sub-heads the following items will appear in the Balance Sheet of a company as per revised Schedule VI, Part-I of the Companies Act 1956.

i. Tax Reserve
ii. Interest on Calls in Advance
iii. Store and Spares

Solution

Particulars

Note No.

2011-12

2010-11

Revenue from Operations

 

20,00,000

12,00,000

Other Incomes

 

12,00,000

9,00,000

Expenses

 

13,00,000

10,00,000

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Solution Under Which Heads and Sub-heads the Following Items Will Appear in the Balance Sheet of a Company as per Revised Schedule Vi, Part-i of the Companies Act 1956. I. Tax Reserve Ii. Interest on Calls in Advance Iii. Store and Spares Concept: Accounting for Companies - Introduction.
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