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Question 14 Chapter 1 – V.K. Publication Class 12 Part 2 – 2021

Question 14 - CH-1 Solution
Question 14 - CH-1 Solution

Question 14 Chapter 1 – V.K. Publication Class 12 Part 2 – 2021

14. Under which sub-headings will the following items be shown in the Balance Sheet of a company as per Schedule III Part I of the Companies Act, 2013:

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  1. Long-term Loans
  2. Capital Redemption Reserve
  3. Provision for Taxation
  4. Goodwill
  5. Provisions for Warranties
  6. Brand/Trademarks

The solution of Question 14 Chapter 1 – V.K. Publication Class 12 Part 2: –

S.No. Items Sub Heads
(i) Long term Loans Long-Term Borrowings
(ii) Capital Redemption Reserve Reserves and Surplus
(iii) Provision for Taxation Short-Term Provision
(iv) Goodwill Fixed Assets (Intangible assets)
(v) Provisions for Warranties Long-Term Provision
(vi) Brand/Trademarks Fixed Assets (Intangible assets)

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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