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Question

Under which heads the following are shown in a company's Balance Sheet:
(i) Public Deposits; (ii) Office Furniture;
(iii) Prepaid Rent; (iv) Outstanding Salaries;
(v) Computer Software; (vi) Interest Accrued on Investment?

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Solution

S. No.

Items

Main Head

Sub-Head

1

Public Deposits

Non-Current Liabilities

Long-term Borrowings

2

Office Furniture

Non-Current Assets

Fixed Assets (Tangible Assets)

3

Prepaid Rent

Current Assets

Other Current Assets

4

Outstanding Salaries

Current Liabilities

Other Current Liabilities

5

Computer Software

Non-Current Assets

Fixed Assets (Intangible Assets)

6

Interest Accrued on Investment

Current Assets

Other Current Assets


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