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

Question 23 Chapter 1 of +2-B

Question 23 Chapter 1 of +2-B

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?

The solution of Question 23 Chapter 1 of +2-B: – 

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: –

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

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