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Under Which Major Headings and Sub-headings Will the Following Items Be Shown in the Balance Sheet of a Company as per Schedule Vi Part I of the Companies Act, 1956 : - CBSE (Arts) Class 12 - Accountancy

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Question

Under which major headings and sub-headings will the following items be shown in the Balance Sheet of a company as per schedule VI Part I of the Companies Act, 1956 :

(1) Net loss as shown by Statement of Profit and Loss
(2) Capital redemption reserve
(3) Bonds
(4) Loans repayable on demand
(5) Unpaid dividend

(6) Buildings
(7) Trademarks
(8) Raw materials

Solution

  Items Head Sub Head (if any)
1 Net loss as shown by Statement as
Profit and Loss
Shareholder’s Funds Shown by way of deduction under
Reserve and Surplus
2 Capital redemption reserve Shareholder’s Funds Reserve and Surplus
3 Bonds Non-Current Liabilities Long-term Borrowings
4 Loans repayable on demand Current Liabilities Short-term Borrowings
5 Unpaid dividend Current Liabilities Other Current Liabilities
6 Buildings Non- Current Assets Fixed Assets (Tangible)
7 Trademarks Non-Current Assets Intangible Fixed Assets
8 Raw materials Current Assets Inventories
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Solution Under Which Major Headings and Sub-headings Will the Following Items Be Shown in the Balance Sheet of a Company as per Schedule Vi Part I of the Companies Act, 1956 : Concept: Admission of a Partner - Preparation of Balance Sheet.
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