Name any two sub-line items (sub-headings) under which “Current Assets’’ shall be classified in the Balance Sheet of a Company. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Current Investments; (ii) Inventories. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostName any two sub-line items (sub-headings) under which “Non-Current Assets” shall be classified in the Balance Sheet of a Company. Next PostName any two items that can be disclosed under ‘Reserve and Surplus’. You Might Also Like X Ltd. forfeited 100 shares of Rs. 10 each (Rs. 8 called-up) issued at a premium of Rs. 2 per share to Mr. R, on which he had paid applications money of Rs. 5 per share, for non-payment of allotment money of Rs. 5 per share (including premium). Out of these, 70 shares were reissued to Mr. Sanjay as Rs. 8 called-up for Rs. 7 per share. Give necessary journal entries relating to forfeiture and reissue of shares. July 15, 2022 Nazma Ltd. received interest on an item and the accountant classified it under Investing Activity while preparing Cash Flow Statement. Name another item for which such a treatment is possible. October 6, 2022 How would you treat Employees Provident Fund shown on the liability side a of balance sheet, at the time of dissolution of partnership firm and why? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X Ltd. forfeited 100 shares of Rs. 10 each (Rs. 8 called-up) issued at a premium of Rs. 2 per share to Mr. R, on which he had paid applications money of Rs. 5 per share, for non-payment of allotment money of Rs. 5 per share (including premium). Out of these, 70 shares were reissued to Mr. Sanjay as Rs. 8 called-up for Rs. 7 per share. Give necessary journal entries relating to forfeiture and reissue of shares. July 15, 2022
Nazma Ltd. received interest on an item and the accountant classified it under Investing Activity while preparing Cash Flow Statement. Name another item for which such a treatment is possible. October 6, 2022
How would you treat Employees Provident Fund shown on the liability side a of balance sheet, at the time of dissolution of partnership firm and why? September 27, 2022