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Question 13 Chapter 1 – V.K. Publication Class 12 Part 2 – 2021

Question 13 - CH-1 Solution
Question 13 - CH-1 Solution

Question 13 Chapter 1 – V.K. Publication Class 12 Part 2 – 2021

13. Under which major headings and sub-headings of the following items will be shown on the Balance Sheet of a Company as per Schedule III of the Companies Act,2013

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  1. Bank Overdraft
  2. Cheques-in-Hand
  3. Loose Tools
  4. Long-term Provisions

The solution of Question 13 Chapter 1 – V.K. Publication Class 12 Part 2: –

S.No. Items Major Heads
Sub Heads
(i) Bank Overdraft Current liabilities Short term Borrowings
(ii) Cash-in-Hand Current Assets Cash and Cash Equivalent
(iii) Loose Tools Current Assets Inventories
(iv) Long-Term Provision Non-current Liabilities Long term Provision

 

Financial Statements of a Company and Its formats

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

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