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

Question 17 Chapter 1 of +2-B
Question No. 17 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 17 Chapter 1 of +2-B

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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 BalanceCurrent AssetsCash and Cash Equivalents
(ii)Investment(long-term)Non-Current AssetsNon-Current Investments
(iii)Outstanding SalaryCurrent LiabilitiesOther Current Liabilities
(iv)Authorised CapitalShareholders’ fundShare Capital
(v) Bills PayableCurrent LiabilitiesTrade Payables
(vi) Unclaimed DividendCurrent LiabilitiesOther Current Liabilities
(vii)Shares Option Outstanding
Account
Shareholders’ fundReserves and Surplus
(viii)General ReserveShareholders’ fundReserves and Surplus
(ix) Subsidy ReserveShareholders’ fundReserves and Surplus
   

 

 

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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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