Economics · Bank Accounts - Bills for Collection
How are 'Bills for Collection' presented in the Financial Statements (Balance Sheet - Form A) of a banking company?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Recognized under Schedule 14 - Other Income
- 2Shown on the face of the Balance Sheet below the total of Assets and Liabilities, but not added to totals✓
- 3Included under Schedule 12 - Contingent Liabilities
- 4Included under Schedule 9 - Advances
Correct answer
Shown on the face of the Balance Sheet below the total of Assets and Liabilities, but not added to totals
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Bank Accounts - Bills for Collection MCQs →Want more practice questions on Bank Accounts - Bills for Collection?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Bank Accounts - Bills for Collection