Question

(Classification of Assets).
Rearrange the following items under assets according to Schedule III:
(i) Office Equipment, (ii) Loose Tools, (iii) Goodwill,
(iii) Trademarks, (v) Bills Receivable, (vi) Debtors
(vii) Land, (viii) Building, (ix) Stock-in-Trade,
(x) Stores and Spare Parts, (xi) Furniture, (xii) Vehicles,
(xiii) Advance to Subsidiaries (xiv) Cash at Bank,
(xv) Cash in Hand, (xvi) Work-in Progress (Machinery),
(xvii) Plant, (xviii) Interset Accured on Investments, and
(xix) Deposits with Electricity Supply Company.

Answer 1

Answer:

hi

good morning

bye

good night

Answer 2

Answer:

Classification of Assets

Explanation:

(i) Fixed Assets (Tangible): Office Equipment, Land, Building, Furniture,

                                              Vehicles, Plant.          

(ii) Fixed Assets (Intangible): Goodwill, Trademarks.

(iii) Capital Work-in Progress: Work-in-Progress (Machinery),

(iv) Long-term Loans and Advances: Advance to Subsidiaries, Deposits

                                                                with Electricity Supply Company.    

(v) Inventories: Loose Tools, Stock-in-Trade, Stores and Spare Parts.

(vi) Trade Receivables: Bills Receivable, Debtors.

(vii) Cash and Cash Equivalents: Cash at Bank, Cash in Hand.

(viii) Other Current Assets: Interest Accrued on Investments.