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Reserves and Surplus

In a Balance ...

Question

In a Balance Sheet, Where Are the Liabilities Placed?

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Solution

Liabilities are shown on the right-hand side of the balance sheet.

Also read:

Difference Between Assets and Liabilities

What Are Current Assets

What Are Non Current Assets

What Is a Fixed Asset

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Q. What are the major heads in the Equity and Liabilities part of the Balance Sheet as per Schedule III?

Q. From the Balance Sheet given below, calculate:
(i) Fixed Assets
(ii) Current Assets
(iii) Current Liabilities
(iv) Working Capital

Balance Sheet as at 31^st March, 2018
Liabilities	₹	Assets	₹
Trade Creditors	42,000	Stock in Hand	48,000
Expenses Accrued	3,200	Debtors	36,000
Bank Overdraft	4,800	Prepaid Expenses	400
Long-Term Loan	20,000	Goodwill	20,000
Interest on Loan	1,000	Land	20,000
Capital	93,400	Plant	32,000
		Furniture	8,000
	1,64,400		1,64,400

Q. In a balance sheet, the assets and liabilities are arranged in the order of ___________.

Liabilities in the balance sheet include the following items?

Q. Liabilities in balance sheet include which of the following items?

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