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

Question 12 Chapter 1 of +2-B
Question No. 12 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 12 Chapter 1 of +2-B

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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-ProgressNon-current AssetsFixed Assets- Capital Work-in-Progress
(ii)Provision for WarrantiesNon-Current LiabilitiesLong-term Provisions
(iii)Income received in AdvanceCurrent LiabilitiesOther Current Liabilities
(iv)Capital AdvancesNon-current AssetsLong-term Loans and Advances
   

 

 

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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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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