Question 19 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 19 Chapter 1 of +2-B

Question 19 Chapter 1 of +2-B

19. Under which heads the following are shown in a company’s Balance Sheet:

(i)Public Deposits; (ii)Office Furniture;
(iii)Prepaid Rent; (iv)Outstanding Salaries;
(v)Computer Software; (vi)Interest Accrued on Investment;

The solution of Question 19 Chapter 1 of +2-B: – 

Items

Heads
Sub. Heads
(i)Public Deposits Non-Current Liabilities Long-term Borrowing
(ii)Office Furniture Non-Current Assets Fixed Assets-Tangible Assets
(iii)Prepaid Rent Current Assets Other Current Assets
(iv)Outstanding Salaries Current Liabilities Other Current Liabilities
(v)Computer Software Non-Current Assets Fixed Assets-Tangible Assets
(vi)Interest Accrued on Investment Current Assets Other Current Assets
     

 

 

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

2 Book 3 min 225x300 - Question 19 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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