[ISC] Q. 15 Solution of Final Accounts of Companies – Application TS Grewal ISC (2023-24)

Solution of Q 15 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2023-24

How are following items shown while preparing Balance Sheet of a company?

(I) Surplus, i.e., Balance in Statement of Profit & Loss (Dr.),

(ii) Interest accrued and due on Debentures,

(iii) Computer Software under development,

(iv) Interest accrued on Investment.

Solution:-