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Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000On which head will the Bills receivable be shown in the balance sheet?a)In the notes to accounts under Trade Receivablesb)In the notes to accounts under intangible assetsc)In the main Balance sheet under Current Assetsd)In the main Balance Sheet under Non-Current AssetsCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.