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

Question 21 Chapter 1 of +2-B

Question 21 Chapter 1 of +2-B

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 Liabilities Other Current Liabilities
(ii)Loan payable on demand; Current Liabilities Other Current Liabilities
(iii)Computer and related
equipment;
Non-Current Assets Fixed Assets-Tangible Assets
(iv)Goods acquired for trading; Current Assets Other Current Assets
     

 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 21 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply