Under what heads the following items on the Assets side of the Balance Sheet of a
Company will be presented :
(i) Sundry Debtors
(ii) Patents and Trade Marks
(iii) Shares in DCM Limited
(iv) Bills Receivable
(v) Advances recoverable in cash within the operating cycle
(vi) Prepaid Insurance
(vii) Work-in Progress
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Explanation:7- Under what heads the following items on the asset side of the balance sheet of a company
will be presented? (2)
(i) BIR
(ii) Shares is D.C.M limited.
(iii) Work in progress.
(iv) Advance.
8
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