Question 18 Chapter 1 of +2-B - T.S. Grewal 12 Class

Question 18 Chapter 1 of +2-B

18. Under which of the heads will the following items be shown in Balance
A sheet of a company;

(i)Calls-in-Arrears;	(ii)The commission received in advance;
(iii)Debentures;	(iv)Stores and Spare Parts;
(v) Land and Building;	(vi)forfeited Shares Account?

The solution of Question 18 Chapter 1 of +2-B: - 

Items	Heads	Sub. Heads
(i)Calls-in-Arrears	Shareholders’ fund	Share Capital
(ii)The commission received in advance	Current Liabilities	Other Current Liabilities
(iii)Debentures	Non-Current Liabilities	Long-term Borrowing
(iv)Stores and Spare Parts	Current Assets	Inventories
(v) Land and Building	Non-Current Assets	Fixed Assets-Tangible Assets
(vi)Forfeited Shares Account	Shareholders’ fund	Share Capital

 

 

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Also, Check out the solved question of previous Chapters: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 - Accounting for Partnership Firms - Fundamentals
• Chapter No. 3 - Goodwill: Nature and Valuation
• Chapter No. 4 - Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 - Admission of a Partner
• Chapter No. 6 - Retirement/Death of a Partner
• Chapter No. 7 - Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 - Company Accounts -  Accounting for Share Capital
• Chapter No. 9 - Company Accounts - Issue of Debentures
• Chapter No. 10 - Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 - Financial Statements of a Company
• Chapter No. 2 - Financial Statement Analysis 
• Chapter No. 3 - Tools of Financial Statement Analysis - Comparative Statements and Common- Size Statements
• Chapter No. 4 - Accounting Ratios
• Chapter No. 5 - Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication