Question 11 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 11 Chapter 1 of +2-B

Question 11 Chapter 1 of +2-B

11.State any two items that are included in the following major heads under
which liabilities of a company are shown: (i)Reserves and Surplus;(ii)
Long-term Borrowings;(iii) Short-term Borrowings;(iv) Other Current
Liabilities.

 

The solution of Question 11 Chapter 1 of +2-B: – 

Items

Heads
Sub. Heads
(i)Reserves and SurplusCapital ReservesCapital Redemption Reserves
(ii)Long-term BorrowingsDebenturesPublic Deposits
(iii)Short-term BorrowingsBank OverdraftCash Credit from Bank
(iv)Other Current Liabilities

Unpaid DividendInterest Accrued and Due on Borrowings
   

 

 

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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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)

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

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

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

2 Book 3 min 225x300 - Question 11 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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