
Question No 02 Chapter 4 – UNIMAX Class 12 Part 2 – 2021
Rearrange the following items under three heads:
(1) Fixed assets (2) Current assets (3) Tangible assets
| A. Stock in trade | K. Leasehold |
| B. Cash in hand | L. Plant |
| C. Vehicles | M. Interest accrued |
| D. Advance to subsidiary | N. Trade marks |
| E. Live stocks | O. Bills receivable |
| F. Loose tools | P. Debtors |
| G. Goodwill | Q. Land |
| H. Stores and spare parts | R. Prepaid expenses |
| I. Furniture | S. Cash with bank |
| J. Work-in-progress | T. Deposit with custom |
| U. Excise authorities |
| Fixed Assets | Current Assets | Loans And Advances |
|---|---|---|
| Tangible | Inventories | Advances to Subsidiaries ,Deposit With Custom And Excise Authorities |
| Vehicles | Stock in Trade | |
| Livestock | Stores And Spare Parts | |
| Furniture | Work in Spare Parts | |
| Plant And Machinery | Loose Tools | |
| Land And Building | Trade Receivables | |
| Intangible | Debtors | |
| Goodwill | Bill Receivable | |
| Leaseholds | Cash and Cash Equivalent | |
| Trade Marks | Cash in Hand | |
| Cash at Bank | ||
| Other Current Assets | ||
| Interest Accrued on Investment |
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.
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