Question 23 Chapter 1 VK Publications Class 12 Part 2

Question 23 Chapter 1 VK Publications Class 12 Part 2 – 2021

Table of Contents

23. Under what heads andsub-heads the following items are recorded in a compay Balance Sheet:

The solution of Question 23 Chapter 1 VK Publications Class 12 Part 2: –

S.No.	Items	Major Heads
(i)	Office Equipment’s	Non-Current Assets (Fixed Tangible Assets)
(ii)	Debentures Issued by the company	Non-current Liabilities ( Long Term Borrowings )
(iii)	Prepaid Expenses	Current Assets (Other Current Assets )
(iv)	Investment in Government Securities	Non-Current Assets (non-current investments)
(v)	Outstanding Salaries	Current Liabilities ( Other Current Liabilities )
(vi)	Work in Progress	Current Assets (Inventories )

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)

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

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