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

Question 14 Chapter 1 of +2-B

Question 14 Chapter 1 of +2-B

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 Tools Current Assets Inventories
(ii) Bills Receivable Current Assets Trade Receivable
(iii) Sundry Debtors Current Assets Trade Receivable
(iv) Advance Recoverable in cash? Current Assets Short-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)

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

2 Book 3 min 225x300 - Question 14 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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