Financial Statement 31

Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013:  (a) Copyrights (b) Interest Accrued on investments (c) Long-term investment in shares Marks-3, CBSE: 2023-24/Compartment/Set-1/Q-31   Answer : The solution is available on our Mobile App … Read more

Financial Statement 30

Under which major heads and sub-heads will the following items be placed in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013: (i) Stores and Spares (ii) Calls-in-Advance (iii) Income received in advance Marks-3, CBSE: 2023-24/Zone-5/Set-1/Q-31 Answer : The solution is available on our Mobile App Back

Financial Statement 29

Classify the following items under Major heads and Sub-heads (if any) in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013: (i) Accrued Income  (ii) Capital Advances  (iii) Capital work-in-progress Marks-3, CBSE: 2023-24/Zone-4/Set-1/Q-31 Answer : The solution is available on our Mobile App Back

Financial Statement 28

Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013: (i) Mining rights  (ii) Loose tools (iii) Income Received in advance Marks-3, CBSE: 2023-24/Zone-3/Set-1/Q-31 Answer : The solution is available on our Mobile App Back

Financial Statement 27

Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013: (i) Calls in advance  (ii) Mining rights  (iii) Loose tools  Marks-3, CBSE: 2023-24/Zone-2/Set-1/Q-31 Answer : The solution is available on our Mobile App Back

Financial Statement 26

Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III Part I of the Companies Act, 2013:  (a) Long Term Loans from Bank (b) Loose Tools (c) Outstanding Expenses  Marks-3, CBSE: 2023-24/Zone-1/Set-1/Q-31 Answer : The solution is available on our Mobile App Back

Past Year Papers Solutions Ratios

Past Year Papers Chapter wise Solutions Accounting Ratios 2. A company had Current Assets Rs.  3,00,000 and Current Liabilities Rs.  1,40,000. Afterwards, it purchased goods worth Rs.  20,000 on credit. Calculate the Current Ratio after the purchase of goods. Marks-2/4, CBSE:2018-19/Main/02/Q-21* Answer Next Back Read More 5. X Ltd. has a current ratio 3.5:1 and … Read more

Financial Statement 25

Mudra Ltd. Is in the process of preparing its Balance Sheet as per Schedule III, Part I of the Companies Act, 2013 and provides its true and fair view of the financial position.  Under which head and sub-head will the company show ‘Stores and Spares’ in its Balance Sheet?  What is the accounting treatment of … Read more

Financial Statement 23

M K Limited is a computer hardware manufacturing company. While preparing its accounting records it takes into consideration the various accounting principles and maintains transparency. At the end of the accounting year, the company follows the ‘Companies Act, 2013 and Rules thereunder’ for the preparation of its Financial Statements. It also prepares its Income Statement … Read more

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