Advanced AccountingMCQQuestion 5965 of 302
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15. "Fixed Asset held for sale" will be classified in the Balance Sheet as per Schedule III of the Companies Act as:

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Deferred Tax Assets

All Options:

  • ADeferred Tax Assets ✓
  • BCurrent Asset
  • CNon-Current Asset
  • DLong term Investments Answers Key MCQ No. Answers

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

Key Concepts to Understand

Balance Sheet

A statement showing the financial position of a business at a particular date, listing all assets on one side and all liabilities and capital on the other side. It is not an account but a statement.

More Questions from Advanced Accounting

$3x-2:5x+6$ the duplicate ratio of $2:3$ then find the value x\displaystyle x.

If the ratio of two numbers is $7:11.If\displaystyle . If7$ is added to each number then the new ratio will be $2:3$ then the numbers are.

If x:y=z:7=4:11\displaystyle x:y=z:7=4:11 then x+y+zz\displaystyle x+y+zz\displaystyle \frac{x+y+z}{z} is

The ratio of two numbers are $3:4$. The difference of their squares is $28$ greater is:

The price of scooter and moped are in the ratio $7:9$. The price of moped is $₹1,600$ more than that of scooter. Then the price of moped is:

If A:B=3:7\displaystyle A:B=3:7, then $3a+2b:4a+5b=?$

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