9.10 SELF ASSESSMENT QUESTIONS 1. "Every Balance Sheet of Company shall give a true and fair view of the state of affairs of the company as at the end of the financial year and shall subject to the provision of Section 211 of the Companies Act, be in the form set out in Part I of Schedule VI...." Amplify and give the form of Balance Sheet. 38 2. What are the various heads under which profits are usually appropriated by companies and for what reason?
9.10 SELF ASSESSMENT QUESTIONS 1. "Every Balance Sheet of Company shall give a true and fair view of the state of affairs of the company as at the end of the financial year and shall subject to the provision of Section 211 of the Companies Act, be in the form set out in Part I of Schedule VI...." Amplify and give the form of Balance Sheet. 38 2. What are the various heads under which profits are usually appropriated by companies and for what reason?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![9.10 SELF ASSESSMENT QUESTIONS
1. "Every Balance Sheet of Company shall give a true and fair view of the state of
affairs of the company as at the end of the financial year and shall subject to the
provision of Section 211 of the Companies Act, be in the form set out in Part I of
Schedule VI.."
Amplify and give the form of Balance Sheet.
38
2. What are the various heads under which profits are usually appropriated by companies
and for what reason?
3. The authorised capital of X Limited is Rs. 5,00,000 consisting of 2,000 6%
preference shares of Rs. 100 each and 30,000 equity shares of Rs. 10 each. The following
was the Trial Balance of X Limited as on 31.3.2000 :](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F26a2212d-b3c8-4afd-8fa0-e09b445d7baa%2F62c9274d-36de-4b7b-8664-e6eca28f4b62%2Frohxrr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9.10 SELF ASSESSMENT QUESTIONS
1. "Every Balance Sheet of Company shall give a true and fair view of the state of
affairs of the company as at the end of the financial year and shall subject to the
provision of Section 211 of the Companies Act, be in the form set out in Part I of
Schedule VI.."
Amplify and give the form of Balance Sheet.
38
2. What are the various heads under which profits are usually appropriated by companies
and for what reason?
3. The authorised capital of X Limited is Rs. 5,00,000 consisting of 2,000 6%
preference shares of Rs. 100 each and 30,000 equity shares of Rs. 10 each. The following
was the Trial Balance of X Limited as on 31.3.2000 :
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education