Name any two items that can be disclosed under ‘Reserve and Surplus’. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Capital Reserve; (ii) Securities Premium Reserve. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostName any two sub-line items (sub-headings) under which “Current Assets’’ shall be classified in the Balance Sheet of a Company. Next PostName any two items that can be disclosed under ‘Long-term Borrowings’. You Might Also Like At the time of dissolution of a partnership firm, the book value of sundry assets transferred to Realisation Account was Rs. 2,00,000. 50% of these sundry assets were taken by partner A at 20% discount, 40% of remaining assets were sold at a profit of 30% on cost. 5% of the balance was found obsolete and realised nothing. The remaining assets were taken over by a creditor in full settlement of his claim. Pass necessary Journal entries for the above. (C.B.S.E. 2019) October 8, 2022 A, B and C are partners sharing profits in the ratio of 5: 2: 1. If the new ratio on the retirement of C is 5: 2, what will be the gaining ratio? September 27, 2022 Bhavya and Sakshi are partners in a firm, sharing profits and losses in the ratio of 3: 2. On 31st March, 2018 their Balance Sheet was as under: July 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.