Ledger
Under which heads the following are shown in a company's Balance Sheet:
(i) Public Deposits
(ii) Office Furniture
(iii) Prepaid Rent
(iv) Outstanding Salaries
(v) Computer Software
(vi) Interest Accrued on Investment?
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Solution
|
S. No. |
Items |
Main Head |
Sub-Head |
|
1 |
Public Deposits |
Non-Current Liabilities |
Long-term Borrowings |
|
2 |
Office Furniture |
Non-Current Assets |
Fixed Assets (Tangible Assets) |
|
3 |
Prepaid Rent |
Current Assets |
Other Current Assets |
|
4 |
Outstanding Salaries |
Current Liabilities |
Other Current Liabilities |
|
5 |
Computer Software |
Non-Current Assets |
Fixed Assets (Intangible Assets) |
|
6 |
Interest Accrued on Investment |
Current Assets |
Other Current Assets |
Concept: Role and Objectives of Financial Management
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