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Question 16 Chapter 1 – V.K. Publication Class 12 Part 1 – 2021

Question 16 - CH-1 Solution
Question 16 - CH-1 Solution

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Question 16 Chapter 1 – V.K. Publication Class 12 Part 1 – 2021

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16. Under what heads and sub-heads the following items will appear in the Balance Sheet of acompany as per schedule III, Part I of the Companies Act, 2013.

  1. Mining Rights
  2. Encashment of employees earned leave payable on retirement.
  3. Vehicles

The solution of Question 16 Chapter 1 – V.K. Publication Class 12 Part 1: –

S.No.ItemsSub Heads
Heads
(i)Mining RightsFixed assets (Intangible )Non – Current Assets
(ii)Encashment of employees earned leave payable on retirementLong-term provisionsNon- Current Liabilities
(iii)VehicleFixed assetsNon – Current 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)

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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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