Under what heads and sub-heads the following items will appear in the Balance sheet of a company as per Schedule III part-I of the companies Act 2013:
(i)Mining Rights
(ii)Encashment of employees earned leave payable on retirement
(iii)Vehicles

3

(a)

Under what heads and sub-heads will the following items appear in the Balance Sheet of a company as per Schedule III Part I of the Companies Act 2013:
(i)Debenture;
(ii)Securities against telephone
(iii)Calls-in-advance

3

(a)

Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per Schedule III Part I of the Companies Act 2013:
(i)Bonds
(ii)Capital Redemption Reserve
(iii)Short-term Provisions
(iv)Balance of the statement of profit and Loss
(v)Provision for Warranties
(vi)Brand/Trade Marks

3

(a)

Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per Schedule III Part I of the Companies Act 2013:(i)Cheques in hand
(i)Cheques in hand
(ii)Stock of work-in-progress
(iii)Copyrights
(iv)Loan of Rs.1,00,000 payable after three years
(v)Short term deposits payable on demand
(vi)Negative balance shown by the statement of profit and Loss
(vii)Land
(viii)Cash at Bank

3

(a)

List the items which are shown under the heading 'Current Liabilities' as per schedule III part-I of the Companies Act,2013.

3

(a)

State any six items which are shown under the heading 'Reserves and Surplus' in the Balance Sheet of a Company as per Schedule III, Part-I of the Companies Act,2013.

3

(a)

List the items which are shown under the heading 'Current Assets' as per Schedule III part-I of the Companies Act,2013.

3

(a)

Satish is interested in investing in Data Unlimited, a company providing 4G services.However, before investing, his financial advisor who undoubtedly is his wife, advises him to go through the financial statements of the company.Satish falls under which category of user?

3

(a)

While preparing the financial statements, it is advisable to follow the convention of conservation.Why?

3

(a)

Durian Furniture Mart Pvt Ltd is a manufacturer of furniture.They sold waste from wood used for manufacturing furniture for Rs 2,00,000. Is the sale of waste revenue from operations?

3

(a)

An accountant of a company has shown bills receivable as trade receivables. Is the accountant correct in his approach?

3

(a)

Gyan Ud issued 10,000, 10% debentures of Rs 100 each on 1st October 2014 to be redeemed on 31st July 2015. How will it be shown in the balance sheet as at 31st March 2015?

3

(a)

Name any five items that can be disclosed under 'current investments'.

3

(a)

Name any five items that can be disclosed under 'long-term borrowings'.

3

(a)

Name any five items that can be disclosed under inventories.

3

(a)