How will you classify the following items in the balance sheet of a company: 1. Goodwill 2.

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How will you classify the following items in the balance sheet of a company:

1. Goodwill

2. Sundry creditors

3. Provisions for doubtful debts

4. Instalments of longterm loans due for repayment within the next 12 months

5. Securities premium account

6. Deferred tax assets (Net)

7. Current investments

8. Revaluation reserves

9. Profit and loss account (Dr. Balance)

10. Investment property

11. Provisions for gratuity and employees benefits (longterm)

12. Contingent liabilities

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Financial Accounting For Managers

ISBN: 9789352868339

3rd Edition

Authors: Sanjay Dhamija

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Question Posted: Dec 05, 2023 03:05 AM

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How will you classify the following items in the balance sheet of a company: 1. Goodwill 2.

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Balance Sheet Classification Heres how I would classify the listed items in the balance sheet of a company 1 Goodwill Intangible Asset Other Assets 2 ...View the full answer

Financial Accounting For Managers

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