CBSE 2015, Set 1

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?
(i) Net loss as shown by Statement of Profit and Loss
(ii) Capital redemption reserve
(iii) Bonds
(iv) Loans repayable on demand
(v) Unpaid dividend
(vi) Buildings
(vii) Trademarks
(viii) Raw materials

Edvaya · Accepted Answer

The correct answer is Subjective. | S.No. | Item | Major Head | Sub-Head | |---|---|---|---| | (i) | Net loss (P&L debit balance) | Shareholders' Funds | Shown by deduction under Reserves and Surplus | | (ii) | Capital redemption reserve | Shareholders' Funds | Reserves and Surplus | | (iii) | Bonds | Non-Current Liabilities | Long-Term Borrowings | | (iv) | Loans repayable on demand | Current Liabilities | Short-Term Borrowings | | (v) | Unpaid dividend | Current Liabilities | Other Current Liabilities | | (vi) | Buildings | Non-Current Assets | Fixed Assets (Tangible Assets) | | (vii) | Trademarks | Non-Current Assets | Fixed Assets (Intangible Assets) | | (viii) | Raw materials | Current Assets | Inventories | > **Tip:** Bonds are long-term debt instruments → Non-Current Liabilities. Loans repayable on demand are short-term → Current Liabilities. Net loss is deducted from Reserves and Surplus (shown as negative).

Edvaya Target

Edvaya Aspire

Take a Free Mock Test

Target Subjects

Aspire Subjects

Subject Mastery

Accountancy > Financial Statements Analysis > Financial Statements Of A Company

Keep Practicing

Current Question

Community Stats

Track Your Progress

Edvaya Target

We Value Your Privacy