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Question 19 Chapter 1 VK Publications Class 12 Part 2 – 2021

Question 19 - CH-1 Solution
Question 19 - CH-1 Solution

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Question 19 Chapter 1 VK Publications Class 12 Part 2 – 2021

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19. Give the major headings under which the following items will be shown in Balance Sheet as per Schedule III, Part I of the Companies Act, 2013:

  1. Sundry Creditor
  2. Provision For Tax
  3. Preliminary Expenses
  4. Loose Tools
  5. Interest accured on investments
  6. Goodwill

The solution of Question 19 Chapter 1 VK Publications Class 12 Part 2: –

Particulars Heading
(i) Sundry CreditorsCurrent Liabilities
(ii) Provision for TaxCurrent Liabilities
(iii) Loose ToolsCurrent Assets
(iv) Interest acurred on investmentCurrent Assets
(v) GoodwillNon-Current Assets

Financial Statements of a Company and Its formats

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

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