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Question 21 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 21 Chapter 1 of +2-B
Question No. 21 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 21 Chapter 1 of +2-B

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21. Identify the major heads under which the following items will be shown in the balance sheet of a company as per Schedule III of the Companies Act,
2013

(i)Provision for tax;(ii)Loan payable on demand;
(iii)Computer and related equipment;(iv)Goods acquired for trading;

The solution of Question 21 Chapter 1 of +2-B: – 

Items

Heads
Sub. Heads
(i)Provision for tax;Current LiabilitiesOther Current Liabilities
(ii)Loan payable on demand;Current LiabilitiesOther Current Liabilities
(iii)Computer and related
equipment;
Non-Current AssetsFixed Assets-Tangible Assets
(iv)Goods acquired for trading;Current AssetsOther 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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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