Question

How are the following items shown while preparing Balance Sheet of a company:

(i) Surplus, i.e., Balance in Statement of Profit and Loss (Dr.);
(ii) Interest accrued and due on Debentures;
(iii) Computer Software under development;
(iv) Interest accrued on Investment? 

Answer 1

ITEMS	MAJOR HEAD	SUB-HEAD
Surplus, i.e. Balance in Statement  of Profit and Loss (Dr.)	Shareholder’s Funds	Reserves and Surplus (as  negative figure)
Interest accrued and due on  debentures	Current Liabilities	Other Current Liabilities
Computer Software under  development	Non-current Assets	Fixed Assets (Intangible Assets  under development)
Interest accrued on Investments	Current Assets	Other Current Assets