Question 18 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 18 Chapter 1 of +2-B

Question 18 Chapter 1 of +2-B

18. Under which of the heads will the following items be shown in Balance
A sheet of a company;

(i)Calls-in-Arrears; (ii)The commission received in advance;
(iii)Debentures; (iv)Stores and Spare Parts;
(v) Land and Building; (vi)forfeited Shares Account?

The solution of Question 18 Chapter 1 of +2-B: – 

Items

Heads
Sub. Heads
(i)Calls-in-Arrears Shareholders’ fund Share Capital
(ii)The commission received in advance Current Liabilities Other Current Liabilities
(iii)Debentures Non-Current Liabilities Long-term Borrowing
(iv)Stores and Spare Parts Current Assets Inventories
(v) Land and Building Non-Current Assets Fixed Assets-Tangible Assets
(vi)Forfeited Shares Account Shareholders’ fund Share Capital
     

 

 

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

2 Book 3 min 225x300 - Question 18 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply