Question 23 Chapter 1 of +2-B - T.S. Grewal 12 Class

Question 23 Chapter 1 of +2-B

Table of Contents

23. How are the following items shown while preparing the Balance Sheet of a
Company:

(i)Surplus, i.e., Balance in Statement of Profit and Loss (Dr.);

(ii)Interest accrued and due on Debentures;

(iii)Computer software under development;

(iv)Interest accrued on Investment?

Items	Heads	Sub. Heads
(i)Surplus, i.e., Balance in Statement of Profit and Loss (Dr.);	Shareholders’ Funds	Reserve and Surplus (as negative Amount)
(ii)Interest accrued and due on Debentures;	Current Liabilities	Other Current Liabilities
(iii)Computer software under development;	Non-Current Assets	Fixed Assets-Tangible Assets Under development
(iv)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: –

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

Question 23 Chapter 1 of +2-B – T.S. Grewal 12 Class