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Question 51 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 51 Chapter 1 of +2-B
Question No. 51 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 51 Chapter 1 of +2-B

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Miscellaneous

51.State under which major headings and sub-headings the following items will be Presented in the Balance Sheet of a company as per Schedule III of the Companies Act,2013:
(i) Capital Reserve; (ii) Calls-in-Advance;
(iii)Loose Tools; and (iv)Bank Overdraft.

 The solution of Question 51 Chapter 1 of +2-B: – 

 

Items

Major Heads Sub-head
(i) Capital ReserveShareholders’ FundsReserves and Surplus
(ii)Calls-in-AdvanceCurrent LiabilitiesOther Current Liabilities
(iii) Loose ToolsCurrent AssetsInventories
(iv)Bank OverdraftCurrent LiabilitiesShort-term Borrowings

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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)

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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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