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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 03 Chapter No 1
3. From the following, identify the type of assets :
Computer; Goodwill; Underwriting commission; Short term investment; cash at the bank; Patent right; Oil well; Fixtures; Prepaid commission; Bills receivable; Expenses on Fresh issue of shares
Statement showing the type of Assets
| Fixed Asset |
Current Asset | Fictitious Asset |
|---|---|---|
| Computer | Short term investment | Underwriting commission |
| Goodwill | Cash at bank | Expenses on the fresh issue of shares |
| Patent right | Prepaid commission | |
| Oil well | Bills receivable | |
| Fixtures | ||
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
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 No 03 Chapter No 1 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
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