Question 17 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 17 Chapter 1 of +2-B

Question 17 Chapter 1 of +2-B

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)

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

2 Book 3 min 225x300 - Question 17 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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