Question 21 Chapter 1 of +2-B - T.S. Grewal 12 Class

Question 21 Chapter 1 of +2-B

21. 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

(i)Provision for tax;	(ii)Loan payable on demand;
(iii)Computer and related equipment;	(iv)Goods acquired for trading;

The solution of Question 21 Chapter 1 of +2-B: - 

Items Advertisement	Heads	Sub. Heads
(i)Provision for tax;	Current Liabilities	Other Current Liabilities
(ii)Loan payable on demand;	Current Liabilities	Other Current Liabilities
(iii)Computer and related equipment;	Non-Current Assets	Fixed Assets-Tangible Assets
(iv)Goods acquired for trading;	Current Assets	Other Current Assets

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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