Cbse, class12, accountancy, sample papers, practice papers with solution, 3 new ratios

S. No. Entry (Item) Main Head Sub Head Notes
1 Accrued income Current Assets Other Current Assets
2 Advance Taxes Current Assets Other Current Assets
3 Amount received against Shareholders’ Funds As a Separate item after Reserves
Share Warrants and Suplus
4 Balance with Bank Current Assets Cash and Cash Equivalents
5 Bank Overdraft/Cash Credit Current Liabilities Short-term Borrowings
from Banks
6 Bills Payables Current Liabilities Trade Payables Creditors and Bills Payable together are Trade
Payables. It is by default current liability.
7 Bills Receivables Current Assets Trade Receivables Debtors and Bills Receivable together are Trade
Receivables. It is by default current asset.
8 Bonds Non-current Liabilities Long-term Borrowings Bonds are normally issued for Long-term.
Therefore, by default they are Long-term
Borrowings unless stated to be Short-term
Borrowings.
9 Booking Amount received Current Liabilities Other Current Liabilities
from Customers
10 Brand / Trademarks Non-current Assets Property, Plant and Equipment and
Intangible Assets — Intangible Assets.
11 Building under Non-current Assets Capital Work-in-Progress Applicable to all Property, Plant and Equipment
Construction under Construction
12 Calls-in-Advance along Current Liabilities Other Current Liabilities
with interest
13 Calls-in-Arrears Shareholders’ Funds Share Capital Under Subscribed Capital by way of deduction
from Subscribed but not fully paid-up.
14 Capital Redemption Shareholders’ Funds Reserves and Surplus
Reserve
15 Capital Reserve Shareholders’ Funds Reserves and Surplus
16 Cash in Hand Current Assets Cash and Cash Equivalents
17 Cheques and Drafts in Current Assets Cash and Cash Equivalents
Hand

, 18 Computer Software Non-current Assets Property, Plant and Equipment and
Intangible Assets — Intangible Assets.
19 Computers and Printers Non-current Assets Property, Plant and Equipment and
Intangible Assets — Property, Plant
and Equipment.
20 Copyrights Non-current Assets Property, Plant and Equipment and
Intangible Assets — Intangible Assets.
21 Covid Nasal Vaccines Non-current Assets Property, Plant and Equipment and Applicable to all Intangible Assets which are in
Development Expense Intangible Assets — Intangible Assets development stages.
under Development.
22 Creditors Current Liabilities Trade Payables Creditors and Bills Payable together are Trade
Payables. It is by default current liability.
23 Current Maturities of Current Liabilities Short-term Borrowings Current Maturity of Long-term Debts is that part
Long-term Debts of Long-term Debt which is due for payment
within 12 months or within the period of
Operating Cycle from the date of Balance
Sheet. Schedule III of the Companies Act, 2013
prescribes it to be shown as Short-term
Borrowing under Current Liabilities.
24 Borrowings Payable in 30 Current Liabilities Short-term Borrowings Current Maturity of Long-term Debts is that part
Months, Operating Cycle of Long-term Debt which is due for payment
Period 24 Months within 12 months or within the period of
Operating Cycle from the date of Balance
Sheet. Schedule III of the Companies Act, 2013
prescribes it to be shown as Short-term
Borrowing under Current Liabilities.
25 Borrowings Payable in 30 Non-current Liabilities Long-term Borrowings Current Maturity of Long-term Debts is that part
Months, Operating Cycle of Long-term Debt which is due for payment
Period 36 Months within 12 months or within the period of
Operating Cycle from the date of Balance
Sheet. Schedule III of the Companies Act, 2013
prescribes it to be shown as Short-term
Borrowing under Current Liabilities. Other
Borrowings are Long-term Borrowings.