[ISC] Q. 11 Solution of Final Accounts of Companies – Application TS Grewal ISC (2023-24)

Solution of Q 11 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2023-24

Under which major heads will the following items be shown while preparing Balance Sheet of a company, as per provisions of Companies Act, 2013?

(I) 10% Debentures,

(ii) Stock-in-Trade,

(iii) Cash at Bank,

(iv) Bills Receivable

(v) Goodwill,

(vi) Loose Tools,

(vii) Truck,

(viii) Provision for Tax,

(ix) Sundry Creditors.

Solution:-