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Question 14 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 14 Chapter 1 of +2-B
Question No. 14 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 14 Chapter 1 of +2-B

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14.Under which heads following items are classified or shown on the Assets
part of the Balance Sheet of a company:
(i)Loose Tools; (ii)Bills Receivable;(iii)Sundry Debtors; (iv)Advance
Recoverable in cash?

 

The solution of Question 14 Chapter 1 of +2-B: – 

Items

Heads
Sub. Heads
(i) Loose ToolsCurrent AssetsInventories
(ii) Bills ReceivableCurrent AssetsTrade Receivable
(iii) Sundry DebtorsCurrent AssetsTrade Receivable
(iv) Advance Recoverable in cash?Current AssetsShort-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)

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

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

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