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

Question 12 Chapter 1 of +2-B

Question 12 Chapter 1 of +2-B

12.Classify the following items under major head and sub-head (if any) in
the Balance Sheet of a company asper Schedule III of the Companies Act,
2013: (i) Capital Work-in-Progress;(ii)Provision for Warranties;
(iii)Income Received in Advance; and (iv) capital Advances

 

The solution of Question 12 Chapter 1 of +2-B: – 

Items

Heads
Sub. Heads
(i) Capital Work-in-Progress Non-current Assets Fixed Assets- Capital Work-in-Progress
(ii)Provision for Warranties Non-Current Liabilities Long-term Provisions
(iii)Income received in Advance Current Liabilities Other Current Liabilities
(iv)Capital Advances Non-current Assets Long-term Loans and Advances
     

 

 

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)

  • 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)

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

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

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