[ISC] Q. 13 Solution of Final Accounts of Companies – Application TS Grewal ISC (2023-24)

Solution of Q 13 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2023-24

Under what heads the following items are shown in the Balance Sheet of a company?

(I) Calls-in-Arrears,

(ii) Commission Received in Advance

(iii) Debentures,

(iv) Stores and Spare Parts,

(v) Land and Building,

(vi) Forfeited Shares Account,

(vii) Debentures that are payable within 12 months from the date of Balance Sheet,

(viii) Uncalled Liability on partly paid shares.

Solution:-