Question 17 Chapter 1 of +2-B
Table of Contents
17. Under which of the heads will the following items be shown in Balance
A sheet of a company;
| (i)Bank Balance; | (ii)Investment(long-term); | (iii)Outstanding Salary; |
| (iv)Authorised Capital; | (v) Bills Payable; | (vi) Unclaimed Dividend; |
| (vii) Shares Option Outstanding Account; | (viii)General Reserve; and | (ix) Subsidy Reserve? |
The solution of Question 17 Chapter 1 of +2-B: –
|
Items |
Heads |
Sub. Heads |
| (i)Bank Balance | Current Assets | Cash and Cash Equivalents |
| (ii)Investment(long-term) | Non-Current Assets | Non-Current Investments |
| (iii)Outstanding Salary | Current Liabilities | Other Current Liabilities |
| (iv)Authorised Capital | Shareholders’ fund | Share Capital |
| (v) Bills Payable | Current Liabilities | Trade Payables |
| (vi) Unclaimed Dividend | Current Liabilities | Other Current Liabilities |
| (vii)Shares Option Outstanding Account |
Shareholders’ fund | Reserves and Surplus |
| (viii)General Reserve | Shareholders’ fund | Reserves and Surplus |
| (ix) Subsidy Reserve | Shareholders’ fund | Reserves and Surplus |
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)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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