Page 109 - DCOM409_CONTEMPORARY_ACCOUNTING

Contemporary Accounting

Notes 5. Current Liabilities & 4. Miscellaneous
Provisions Expenditure
A. Current Liabilities (1) Preliminary
(1) Acceptance Expenditure
(2) Sundry Creditors (2) Expenses
including
(3) Advances
payments & un- commission and
expired discounts brokerage of
for the portion for shares and
which value has debentures
still to be given (3) Discount allowed
on issue of shares
(4) Unclaimed
and debentures
Dividend
(4) Interest paid out
(5) Other liabilities
of capital during
but not due on
construction (also
Loans
state the rate of
(6) Interest Accrued
interest)
B. Provisions
(5) Development
(1) Provisions for Expenditure not
taxation adjusted.
(2) Proposed (6) Other Items
Dividends, (specifying
(3) For Contingencies nature)
(4) For Provident 5. Profit and Loss A/c
Fund scheme (1) Claims against
(5) Fire Insurance, the company not
Pension and acknowledged as
similar staff debts.
benefits scheme (2) Uncalled
(6) Other Provisions liabilities on
[A footnote to the shares partly
balance sheet may paid up
be added to show (3) Arrears of fixed
separately] cumulative
dividends.
(4) Estimated
amount of
contracts
remaining to be
executed on
capital account
and not provided
for
(5) Other money for
which company
is contingently
liable.

104 LOVELY PROFESSIONAL UNIVERSITY