Question

Under which of the following heads the Stock-in-trade is shown?​

Answer 1

Answer:

(i) Unamortised Loss on Issue of Debentures (To be written off after 12 months from the date of Balance Sheet)

(ii) 10% Debentures

(iii) Stock-in-Trade

(iv) Cash at Bank

(v) Bills Receivable

(vi) Goodwill

(vii) Loose Tools

(viii) Truck

(ix) Provision for Tax; and

(x) Sundry Creditors?