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

Question 50 Chapter 1 of +2-B

Question 50 Chapter 1 of +2-B

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) Sales Revenue From Operations
(ii) Loss on Sale of Vehicle Other Expenses
(iii) Debentures Long-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 Retirement Long-term Provisions
(vi) Tax Reserve Reserves and Surplus
(vii) Carriage on Purchases of Stock-in-Trade Other Expenses
(viii)Telephone and Internet Expenses Other Expenses

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

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