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?

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Solution

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

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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

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?

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?