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:
- Office Equipments
- Debentures Issued by the company
- Prepaid Expenses
- Investment in Government Securities
- Outstanding Salaries
- Work in Progress
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 Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- 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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