Question 13 Chapter 1 of +2-B

Table of Contents

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

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)

13.Under which major head and Sub-head of the Assets part of the Balance Sheet will the Following Be Shown:
(i) Intangible Assets; (ii)Intangible Assets Under Development;
(iii)Investments; (iv)Deferred Tax Assets(Net);(v)Stores and Spares
(vi)Loose Tools

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

Items	Heads	Sub. Heads
(i) Intangible Assets	Non-current Assets	Fixed Assets-Intangible Assets
(ii)Intangible Assets Under Development	Non-Current Liabilities	Fixed Assets-Intangible Assets under Development
(iii)Investments	Non-current Assets	Non-Current Investment
(iv)Deferred Tax Assets(Net)	Non-current Assets	Deferred Tax Assets(Net)
(v)Stores and Spares	Current Assets	Inventories
(vi)Loose Tools	Current Assets	Inventories