1.

Give the heading under which the following items will be shown in a company’s Balance sheet: (i) Patents. (ii) Discount on issue of Debentures (iii) Sundry Debtors (iv) Secutities Premium. (v) Railway sliding.

Answer»

(i) Fixed Assets. 

(ii) Miscellaneous Expenditures 

(iii) Current Assets Loans & Advance under Current Assets. 

(iv) Reserve and Surplus. 

 (v) Fixed Assets.



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