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Question 50 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 50 Chapter 1 of +2-B
Question No. 50 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 50 Chapter 1 of +2-B

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Miscellaneous

50.Under which Line item of the Financial Statements following items will be shown:
(i) Sales; (ii) Loss on Sale of Vehicle; (iii) Debentures; (iv)Unamortised Loss On Issue of Debentures (to be written off within 12 months of the date of Balance Sheet); (v) Encashable Leave Payable at the Time of Retirement; (vi) Tax Reserve; (vii) Carriage on Purchases of Stock-in-Trade; and (viii) Telephone and Internet Expenses?

 The solution of Question 50 Chapter 1 of +2-B: – 

Items

Major Heads 
(i) SalesRevenue From Operations
(ii) Loss on Sale of VehicleOther Expenses
(iii) DebenturesLong-term Borrowings
(iv)Unamortised Loss On Issue of Debentures (to be written
off within 12 months of the date of Balance Sheet)
Other Non-current Assets
(v)Encashable Leave Payable at the Time of RetirementLong-term Provisions
(vi) Tax ReserveReserves and Surplus
(vii) Carriage on Purchases of Stock-in-TradeOther Expenses
(viii)Telephone and Internet ExpensesOther Expenses

To understand more about Balance Sheet please check out following links:

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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

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

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