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Question 12 Chapter 1 - V.K. Publication Class 12 Part 2 - 2021
12. Identify the major heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:
| S.No. | Items | Major |
|---|---|---|
| (i) | Provision for Tax | Current liabilities |
| (ii) | Loan Payable on Demand | Current liabilities |
| (iii) | Computer and Related Equipment's | Non –Current Assets |
| (iv) | Goods acquired for trading | Current Assets |
https://tutorstips.com/financial-statements-of-a-company-and-its-formats/#:~:text=Cash%20Flow%20Statment-,Definitions%20of%20Financial%20Statements%20of%20a%20Company%3A,operation%20during%20a%20certain%20period.%E2%80%9D
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 12 Chapter 1 - V.K. Publication Class 12 Part 2 - 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to V K Publications part 2 class 12.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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