Question 15 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 15 Chapter 1 of +2-B

Question 15 Chapter 1 of +2-B

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
     

 

 

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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 15 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.