Question

Q.no 39. Silver should be shown under the heading,
final accounts.
in Balance Sheet in Banking company
A: Fixed Assets
B: Other Assets
C : Advances
D: Investments​

Answer 1

Answer:

D

Explanation:

D. investment

Answer 2

Silver comes under the investment heading of final accounts of banking company

Explanation:

Silver is an tangible asset comes under the heading  investments in the balance sheet of a banking company,  its considers as cash and cash equivalent because it is high in liquidity and can be  frequently traded in future. under investments there are two categories- current and non-current assets, current assets are which company keeps for the period less than 1 year and more than that is considered to be non current assets and the same can be applied in the case of silver.

if it's keep for less than 1 year its current investment either wise its non current investment.