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what are all the itmes comes in balance sheet
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Answer / priyanka
AS PER CO. ACT 1956:
I. Sources of Funds
(1) Shareholders’ funds
(2) Loan funds
Total
II Application of Funds
(1) Fixed assets
(2) Investments
(3) Current assets, loans and advances
Less: Current liabilities & provisions.
(4)
(a) Miscellaneous expenditure to the extent not written off
or adjusted.
(b) Profit & Loss Account
Total
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / sadia
ppe, buildings, land, goodwill, machinery - fixed assets
debtors, stock,cash in hand and bank, outstanding income -
current assets
creditors, shrt term loans, overdraft, outstanding expense,
debenture - liabilities
| Is This Answer Correct ? | 2 Yes | 0 No |
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