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Classify each of the following items to proper subsection of balance sheet Exercise 1 Classify each of the following items to proper subsection of balance

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Classify each of the following items to proper subsection of balance sheet

Exercise 1 Classify each of the following items to proper subsection of balance sheet. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 12. 13. 14. 15. ITEM Deferred income Finished goods Net sales Of finished goods Administrative expenses Issued bonds (5 years to maturity) Goodwill VAT liabilities Loan granted for 3 years Shares Of related entities, for resale Third party cheques (to be paid in 4 weeks) Dividends received Provisions for pensions Trade liabilities (payment in 18 months) Net value of vehicles Building under construction SUBSECTION

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