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Question

How would you disclose the following items in the Balance Sheet of a Company :

(i) Share Issue Expenses (to be written off in next 12 months)

(ii) Share Issue Expenses (to be written off after 12 months)

(iii) Premium on Redemption of Debentures

(iv) Debit balance of Statement of Profit and Loss

(v) Loan from Bank

(vi) Loan repayable on demand

(vii) Shares in S.B.I.

(viii) Investments

(ix) Interest Accrued on Investments

(x) Guarantees given by the Company

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Solution

S. NoItemsMajor HeadSub-Head(i)Share Issue Expenses (toCurrent AssetsOther Current Assetsbe written off in next 12months)(ii)Share Issue Expenses (toNon Current AssetsOther Non Current Assetsbe written off after 12months)(iii)Premium on RedemptionNon Current LiabilitiesOther long term Liabilitiesof Debentures.(iv)Debit balance ofShareholder's FundsReserve and SurplusStatement of Profit and Loss(shown as a negativefigure) under 'Surplus'.(v)Loan from BankNon Current LiabilitiesLong term Borrowings(vi)Loan repayable on demandCurrent LiabilitiesShort term Borrowings(vii)Shares in S.B.INon Current AssetsNon Current Investments(viii)InvestmentsNon Current AssetsNon Current Investments(ix)Interest Accrued onCurrent AssetsOther Current AssetsInvestments(x)Guarantees given by theContingent Liability andCompanycommitments (to beshown under ContingentLiabilities in 'Notes toAccounts')


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