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प्रश्न
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
उत्तर
| 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 |
APPEARS IN
संबंधित प्रश्न
Under which major headings the following items will be presented in the Balance sheet of a company as per Schedule VI Part I of the Companies Act, 1956?
(1) Securities Premium Reserve
(2) Balances with banks
(3) Term loans from the bank
(4) Goods-in-transit
(5) Loans repayable on demand
(6) Computer software
(7) Unpaid dividends and
(8) Vehicles
A, B, C and D were partners in a firm sharing profits in the ratio of 3 : 2 : 3 : 2. On 1.4.2016, their Balance Sheet was as follows:
|
Balance Sheet of A, B, C and D as on 1.4.2016 |
||||
|
Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
|
|
Capitals: |
|
Fixed Assets |
8,25,000 |
|
|
A |
2,00,000 |
|
Current Assets |
3,00,000 |
|
B |
2,50,000 |
|
|
|
|
C |
2,50,000 |
|
|
|
|
D |
3,10,000 | 10,10,000 |
|
|
|
|
|
|
|
|
|
Sundry Creditors |
90,000 |
|
|
|
|
Workmen Compensation Reserve |
25,000 |
|
|
|
|
|
11,25,000 |
|
11,25,000 |
|
|
|
|
|
|
|
From the above date partners decided to share the future profits in the ratio of 4 : 3 : 2 : 1. For this purpose the goodwill of the firm was valued at Rs 2,70,000. It was also considered that :
(i) The claims against Workmen Compensation Reserve has been estimated at Rs 30,000 and fixed assets will be depreciated by Rs 25,000.
(ii) Adjust the capitals of the partners according to the new profit sharing ratio by opening Current Accounts of the partners.
Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the reconstituted firm.
M, N and G were partners in a firm sharing profits and losses in the ratio of 5:3:2. On 31-3-2016 their Balance Sheet was as under:
|
Balance Sheet of M, N and G as on 31.3.2016 |
|||||
|
Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
||
|
Creditors |
55,000 |
Cash |
40,000 |
||
|
General Reserve |
30,000 |
Debtors |
45,000 |
|
|
|
Capitals: |
|
Less Provision |
5,000 |
40,000 |
|
|
M |
1,50,000 |
|
Stock |
50,000 |
|
|
N |
1,25,000 |
|
Machinery |
1,50,000 |
|
|
G |
75,000 |
3,50,000 |
Patents |
30,000 |
|
|
|
|
Building |
1,00,000 |
||
|
|
|
Profit & Loss A/c |
25,000 |
||
|
|
4,35,000 |
|
4,35,000 |
||
|
|
|
|
|||
M retired on the above date and it was agreed that:
(i) Debtors of Rs 2,000 will be written off as bad debts and a provision of 5% on debtors for bad and doubtful debts will be maintained.
(ii) Patents will be completely written off and stock, machinery and building will be depreciated by 5%.
(iii) An unrecorded creditor of Rs 10,000 will be taken into account.
(iv) N and G will share the future profits in the ratio of 2 : 3.
(v) Goodwill of the firm on M’s retirement was valued at Rs 3,00,000.
Pass necessary Journal Entries for the above transactions in the books of the firm on M’s retirement.
S, T and U were partners in a firm sharing profits and losses in the ratio of 4:3:3. On 31-3-2015 their Balance Sheet was as follows:
|
Balance Sheet S, T and U as on 31-3-2015 |
||||
|
Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
|
|
Creditors |
73,500 |
Land |
2,70,000 |
|
|
Bills Payable |
16,500 |
Building |
1,35,000 |
|
|
General reserve |
1,05,000 |
Plant |
95,000 |
|
|
Capitals: |
|
Stock |
37,500 |
|
|
S |
2,50,000 |
|
Debtor |
30,000 |
|
T |
50,000 |
|
Bank |
7,500 |
|
U |
80,000 |
3,80,000 |
|
|
|
|
5,75,000 |
|
5,75,000 |
|
|
|
|
|||
From 1-4-2015 they decided to share future profits equally. For this purpose it was decided that
(i) Goodwill of the firm be valued at Rs 90,000.
(ii) Land be revalued at Rs 3,00,000 and building by depreciated by 10%.
(iii) Creditors Rs 7,500 were not likely to be claimed and hence be written-off.
Prepare Revaluation Account, Partners’ Capital Accounts and the Balance Sheet of the reconstituted firm.
Prepare a Comparative Income Statements from the following information
|
Particulars |
2009 Rs |
2010 Rs |
|
Sales |
10,00,000 |
12,50,000 |
|
Cost of goods sold |
5,00,000 |
6,50,000 |
|
Carriage inwards |
30,000 |
50,000 |
|
Operating expenses |
50,000 |
60,000 |
|
Income tax |
50% |
50% |
