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Question 16 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 16 Chapter 1 of +2-B
Question No. 16 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 16 Chapter 1 of +2-B

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16. Under which of the heads will the following items be shown while
preparing Balance Sheet of a company, as per Schedule III of the
Companies Act; 2013:

(i) Unamortised Loss on Issue of Debentures (to be written of after 12 months from the date of Balance Sheet);  
(ii)10% Debentures;(iii) Stock-in-Trade;(iv) Cash at Bank;
(v) Bills Receivable;(vi) Goodwill;(vii) Loose Tools
(viii)Truck;(ix) Provision for Tax; (x) Sundry Creditors?

 

The solution of Question 16 Chapter 1 of +2-B: – 

Items

Heads
Sub. Heads
(i)Unamortised Loss on Issue of
Debentures (to be written of
after 12 months from the date
of Balance Sheet)
Non-Current AssetsOther Non-Current Assets
(ii)10% DebenturesNon-Current LiabilitiesLong-term Borrowing
(iii) Stock-in-TradeCurrent AssetsInventories
(iv) Cash at BankCurrent AssetsCash and Cash Equivalents
(v) Bills ReceivableCurrent AssetsTrade Receivable
(vi) GoodwillNon-Current AssetsFixed Assets: Intangible
(vii) Loose ToolsCurrent AssetsInventories
(viii)TruckNon-Current AssetsFixed Assets: Tangible
(ix) Provision for TaxCurrent LiabilitiesShort-term Provisions
(x) Sundry CreditorsCurrent LiabilitiesTrade Payable
   

 

 

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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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