Question 15 Chapter 1 of +2-B

Table of Contents

The solution of Question 15 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)

15.Under which heads following items on the assets part of the Balance
The sheet of a company will be presented:
(i)Sundry Debtors; (ii)Patents and Trademarks; (iii)Shares in Quoted
Companies; (iv)Advances recoverable in cash; (v)Prepaid Insurance;
and (vi)Work-in-Progress

The solution of Question 15 Chapter 1 of +2-B: –

Items	Heads	Sub. Heads
(i)Sundry Debtors	Current Assets	Trade Receivable
(ii)Patents and Trademarks	Non-Current Assets	Fixed Assets: Intangible Assets
(iii)Shares in Quoted Companies	Non-Current Assets	Non-current Investment
(iv)Advances recoverable in cash	Current Assets	Short-term Loans and Advances
(v)Prepaid Insurance	Current Assets	Other current Assets
(vi)Work-in-Progress	Non-Current Assets	Fixed Assets: Capital Work-in-Progress