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Question 18 Chapter 1 of +2-B
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Table of Contents
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 |
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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)
- 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
