[ISC] Q. 7 Solution of Final Accounts of Companies – Application TS Grewal ISC 2023-24

Solution of Q 7 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2023-24

Under which heads will the following items be shown on the Assets side of the Balance Sheet of a company:

(a) Loose Tools;

(b) Bills Receivable

(c) Sundry Debtors;

(d) Livestock; and

(e) Advances Recoverable in Cash?

Solution:-