Under which heads the following items are shown in the Balance Sheet of a company:

(i) Calls-in-Arrears; (ii) Commission Received in Advance;

(iii) Debentures; (iv) Stores and Spare Parts;

(v) Land and Building; (vi) Forfeited Shares Account?

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Solution

S. No.

Items

Main Head

Sub-Head

1

Calls-in-Arrears

Shareholder's Funds

Share Capital (i.e. as a deduction from subscribed share capital)

2

Commission Received in Advance

Current Liabilities

Other Current Liabilities

3

Debentures

Non-Current Liabilities

Long-term Borrowings

4

Stores and Spare Parts

Current Assets

Inventories

5

Land and Building

Non-Current Assets

Fixed Assets (Tangible Assets)

6

Forfeited Shares Account

Shareholder's Funds

Share Capital (i.e. as an addition to subscribed share capital)

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(i) Calls-in-Arrears;	(ii) Commission Received in Advance;
(iii) Debentures;	(iv) Stores and Spare Parts;
(v) Land and Building;	(vi) Forfeited Shares Account?

S. No.	Items	Main Head	Sub-Head
1	Calls-in-Arrears	Shareholder's Funds	Share Capital (i.e. as a deduction from subscribed share capital)
2	Commission Received in Advance	Current Liabilities	Other Current Liabilities
3	Debentures	Non-Current Liabilities	Long-term Borrowings
4	Stores and Spare Parts	Current Assets	Inventories
5	Land and Building	Non-Current Assets	Fixed Assets (Tangible Assets)
6	Forfeited Shares Account	Shareholder's Funds	Share Capital (i.e. as an addition to subscribed share capital)

Under which heads the following items are shown in the Balance Sheet of a company: (i) Calls-in-Arrears; (ii) Commission Received in Advance; (iii) Debentures; (iv) Stores and Spare Parts; (v) Land and Building; (vi) Forfeited Shares Account?

Under which heads the following items are shown in the Balance Sheet of a company:

(i) Calls-in-Arrears; (ii) Commission Received in Advance;

(iii) Debentures; (iv) Stores and Spare Parts;

(v) Land and Building; (vi) Forfeited Shares Account?