State any two items that are included in the following major heads under which liabilities of a company are shown: (i) Reserves and Surplus; (ii) Long-term Borrowings; (iii) Short-term Borrowings; (iv) Other Current Liabilities.

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Solution

Major head Items

Reserves and Surplus Capital Reserve, Revaluation Reserve

Long-term Borrowings Debentures, Term Loans from Bank and Others

Short-term Borrowings Cash credit from bank, Loans repayable on demand

Other Current Liabilities Income received in advance, Unpaid Dividends

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Similar questions

Q. Under which sub-head will the following be classified or shown:
(i) Long-term Borrowings; (ii) Deferred Tax Liabilities (Net); and (iii) Long-term Provision?

Q. 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

Q. Under which main head and sub-head of Equity and Liabilities part of the Balance Sheet are the following items classified or shown:

(i) Bonds;	(ii) Debentures
(iii) Public Deposits;	(iv) Capital Redemption Reserve;
(v) Forfeited Shares Account:	(vi) Sundry Creditors; and
(vii) Interest Accrued but Not Due on Debentures?

Q. From the following informations, calculate Return on Investment (or Return on Capital Employed):


Particulars		₹
Share Capital		5,00,000
Reserves and Surplus		2,50,000
Net Fixed Assets		22,50,000
Non-current Trade Investments		2,50,000
Current Assets		11,00,000
10% Long-term Borrowings		20,00,000
Current Liabilities		8,50,000
Long-term Provision		NIL

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.

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Major head	Items
Reserves and Surplus	Capital Reserve, Revaluation Reserve
Long-term Borrowings	Debentures, Term Loans from Bank and Others
Short-term Borrowings	Cash credit from bank, Loans repayable on demand
Other Current Liabilities	Income received in advance, Unpaid Dividends

State any two items that are included in the following major heads under which liabilities of a company are shown: (i) Reserves and Surplus; (ii) Long-term Borrowings; (iii) Short-term Borrowings; (iv) Other Current Liabilities.

Major head Items Reserves and Surplus Capital Reserve, Revaluation Reserve Long-term Borrowings Debentures, Term Loans from Bank and Others Short-term Borrowings Cash credit from bank, Loans repayable on demand Other Current Liabilities Income received in advance, Unpaid Dividends

Major head Items

Reserves and Surplus Capital Reserve, Revaluation Reserve

Long-term Borrowings Debentures, Term Loans from Bank and Others

Short-term Borrowings Cash credit from bank, Loans repayable on demand

Other Current Liabilities Income received in advance, Unpaid Dividends