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CBSE TEST PAPER-01

Class - XII Accountancy (Financial Statement Analysis)
Topic : Financial Statement Analysis Part 1

1. Show the major headings into which the Liabilities side of a Company’s Balance Sheet [3]
is organised and presented as per Schedule VI of Part 1 of the Companies Act, 1956.

2. Show the major headings into which the Assets side of a Company’s Balance Sheet is [3]
organised and presented as per Schedule VI of Part 1 of the Companies Act, 1956.

3. List the items which are shown under the heading Current Assets, Loan and Advances [3]
as per schedule VI of Part 1 of the Companies Act, 1956.

4. List the items which are shown under the heading Current Liabitlies and provisions [3]
as per schedule VI of Part 1 of the Companies Act, 1956.

5. State the major headings under which the following items will be put as per Schedule [3]
VI of Part 1 of the Companies Act, 1956
(i) Long Term Investments (ii) Bills Receivable
(iii) Motor Car (iv) Discount of issue of shares
(v) Securities premium (vi) Unclaimed dividend

6. State the major headings under which the following items will be put as per Schedule [3]
VI of Part 1 of the Companies Act, 1956
(i) Sundry Creditors (ii) Provision for Tax
(iii) Preliminary Expenses (iv) Loose Tools
(v) Interest Accrued on investments (vi) Goodwill

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7. Under what heads and sub-heads will the following items appear in the Balance Sheet [3]
of a company as per Revised Schedule VI Part 1 of the Companies Act 1956:
(i) Debentures
(ii) Loose Tools
(iii) Calls –in-Advance

8. Under what heads and sub-heads will the following items appear in the Balance Sheet [3]
of a company as per Revised Schedule VI Part 1 of the Companies Act 1956:
(i) Premium on Redemption
(ii) Losse Tools
(iii) Balances with banks

9. Under what heads and sub-heads will the following items appear in the Balance Sheet (3)
of a company as per Revised Schedule VI Part 1 of the Companies Act 1956:
(i) Tax Reserve
(ii) Interest on calls in advance
(iii) Stores and Spares

10. Under what heads and sub-heads will the following items appear in the Balance Sheet (3)
of a company as per Revised Schedule VI Part 1 of the Companies Act 1956:
(i) Subsidy Reserve
(ii) Mining Rights
(iii) Provision for Doubtful debts

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