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

Question 15 Chapter 1 of +2-B
Question No. 15 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 15 Chapter 1 of +2-B

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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 DebtorsCurrent AssetsTrade Receivable
(ii)Patents and TrademarksNon-Current AssetsFixed Assets: Intangible Assets
(iii)Shares in Quoted CompaniesNon-Current AssetsNon-current Investment
(iv)Advances recoverable in cashCurrent AssetsShort-term Loans and Advances
(v)Prepaid InsuranceCurrent AssetsOther current Assets
(vi)Work-in-ProgressNon-Current AssetsFixed Assets: Capital Work-in-Progress
   

 

 

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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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