How the following liabilities are to be shown on the liability side of the balance sheet in the order of permanence ?
1. Current liabilities and provisions
2. Secured loans
3. Share capital
4. Unsecured loans
5. Reserves and surplus

3, 5, 2 , 4 , 1

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3 , 2 , 1 , 4 , 5

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1 , 4 , 2 , 5 , 3

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5, 4, 3, 2, 1

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Solution

The correct option is B 3, 5, 2 , 4 , 1
Order of permanence is where assets or liabilities are shown in the balance sheet in the order of permanence, the more permanent the asset or liability the earlier they appear in the balance sheet.
3) Share Capital
5) Reserves and Surplus
2) Secured loans
4) Unsecured Loans
1)Current liabilities and provisions.

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Q. The mutual obligations to be eliminated from the consolidated balance sheet are ___________.

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Cash in transit or goods in transit

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3.

Loans payable and receivable

4.

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Following is the Balance Sheet of Future Retail Mart and from the additional information as on 31-03-2017. Prepare Cash Flow Statement.

$\begin{matrix} Particulars & Note & 31 - 03 - 2017 & 31 - 03 - 2016 No. & (Rs) & (Rs) I. EQUITY AND LIABILITIES (1) Shareholder's Funds: (a) Share Capital & 5, 50, 000 & 4, 75, 000 (b) Reserves and Surplus & 1 & 1, 75, 000 & 50, 000 (2) Non-current Liabilities: Long-term Borrowings & 2 & 2, 25, 000 & 50, 000 (3) Current Liabilities: (a) Short-term Borrowings & 3 & 75, 000 & 37, 500 (b) Short-term Provisions & 4 & 1, 00, 000 & 62, 500 Total & 11, 25, 000 & 6, 75, 000 II. ASSETS (1) Non-current Assets: (i) Fixed Assets (a) Tangible & 5 & 8, 07, 500 & 4, 52, 500 (b) Intangible & 6 & 50, 000 & 75, 000 (ii) Non-current Investment & 1, 50, 000 & 50, 000 (2) Current Assets: (a) Current Investments & 20, 000 & 35, 000 (b) Inventories & 7 & 61, 000 & 36, 000 (c) Cash and Cash Equivalents & 36, 500 & 26, 500 Total & 11, 25, 000 & 6, 75, 000 \end{matrix}$

Notes to Accounts :

$\begin{matrix} Note & Particulars & 31 - 03 - 2017 & 31 - 03 - 2016 No. & (Rs) & (Rs) 1 & Reserves and Surplus: Balance in Profit and Loss & 1, 25, 000 & 50, 000 General Reserve & 50, 000 & - 2 & Long-term Borrowings : 10 % Debentures & 2, 25, 000 & 50, 000 3 & Short-term Borrowings : Bank Overdraft & 75, 000 & 37, 500 4 & Short-term Provisions : Proposed Dividend & 1, 00, 000 & 62, 500 5 & Tangible Assets: Machinery & 9, 12, 500 & 5, 22, 500 (-) Accumulated Depreciation & (1, 05, 000) & (70, 000) 8, 07, 500 & 4, 52, 500 6 & Intangible Assets: Goodwill & 50, 000 & 75, 000 7 & Inventories: Stock in Trade & 61, 000 & 36, 000 \end{matrix}$

Additional Information:

(i) During the year a piece of Machinery Costing Rs 80,000 on which accumulated depreciation was Rs 55,000 was sold for Rs 15,000.

The following are the Balance Sheets of Mohan Ltd., at the end of 2004 and 2005.

					Rs’000
Liabilities	2004	2005	Assets	2004	2005
Equity Share Capital	400	600	Land & buildings	270	170
Reserves & Surplus	312	354	Plant & Machinery	310	786
Debentures	50	100	Furniture & Fixtures	9	18
Long-term Loans	150	255	Other Fixed Assets	20	30
Accounts Payable	255	117	Loans and Advances	46	59
Other Current Liabilities	7	10	Cash and Bank	118	10
			Account Receivable	209	190
			Inventory	160	130
			Prepaid Expenses	3	3
			Other current Assets	29	40
	1,174	1,436		1,174	1,436

Prepare a Comparative Balance Sheet and study the financial position of the company.

Following is the Balance Sheet of Raj Oil Mills Limited as at March 31, 2017. Calculate Current Ratio.

Particulars	(Rs)
I. Equity and Liabilities:
1. Shareholders’ funds
a) Share capital	7,90,000
b) Reserves and surplus	35,000
2. Current Liabilities
a) Trade Payables	72,000
Total	8,97,000
II. Assets
1. Non-current Assets
a) Fixed assets
Tangible assets	7,53,000
2. Current Assets
a) Inventories	55,800
b) Trade Receivables	28,800
c) Cash and cash equivalents	59,400
Total	8,97,000

Q. If a loan from a partner appears on the liabilities side of the Balance Sheet of the firm and the Capital Account of such partner shows a debit balance, how is loan dealt with?

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How the following liabilities are to be shown on the liability side of the balance sheet in the order of permanence ?1. Current liabilities and provisions2. Secured loans3. Share capital4. Unsecured loans5. Reserves and surplus

How the following liabilities are to be shown on the liability side of the balance sheet in the order of permanence ?
1. Current liabilities and provisions
2. Secured loans
3. Share capital
4. Unsecured loans
5. Reserves and surplus