Advertisement Remove all ads

Under Which Head and How Are the Following Items Shown in the Balance Sheet of a Company Under Schedule Iii: - Accountancy

Ledger

Under which head and how are the following items shown in the Balance Sheet of a company under Schedule III:

(i) Calls-in-Arrears;  (ii)  Share Application Money Pending Allotment; (iii) Unpaid Dividend; and (iv) Dividend not paid on Cumulative Preference Shares?

Advertisement Remove all ads

Solution

Items Head Disclosure
 Calls-in-Arrears  Shareholder’s Funds  It is shown as a deduction from
 Subscribed Capital shown as
 ‘Subscribed but not fully paid’
 under Shareholder’s Funds
 Share Application Money
 Pending Allotment
 Share Application Money
 Pending Allotment
 It is shown as a separate line item
Unpaid Dividend  Current Liabilities  It is shown as ‘Other Current
 Liability’ under Current Liabilities
 Dividend not paid on Cumulative
 Preference Shares
 Contingent Liabilities and
 Commitments
 It is shown as Contingent
 Liabilities and Commitments in
 Notes to Accounts
Concept: Concept of Financial Statements
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

TS Grewal Class 12 Accountancy - Analysis of Financial Statements
Chapter 1 Financial Statements of a Company
Exercise | Q 9 | Page 66
Advertisement Remove all ads

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×