Indicate where the following items will be shown in the balance sheet. a) Insurance paid for the next year b) Loan from HDFC bank for 7 years c) Interest due on loan d) Provision for doubtful debtors e) Accumulated depreciation on vehicle f) Debit balance in A/c of C who is a supplier

Indicate where the following items will be shown in the balance sheet. a) Insurance paid for the next year b) Loan from HDFC bank for 7 years c) Interest due on loan d) Provision for doubtful debtors e) Accumulated depreciation on vehicle f) Debit balance in A/c of C who is a supplier

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Indicate where the following items will be shown in the balance sheet.

a) Insurance paid for the next year

b) Loan from HDFC bank for 7 years

c) Interest due on loan

d) Provision for doubtful debtors

e) Accumulated depreciation on vehicle

f) Debit balance in A/c of C who is a supplier

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