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The following are the items appearing in Equities and Liabilities side of Balance Sheet

A. Deferred tax Assets (Net)

B. Reserve and Surplus

C. Deferred tax Liabilities (Net)

D. Long term borrowings

E. Long term loans and Advances

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

Equity and Liabilities side contains Reserve and Surplus, Deferred tax Liabilities (Net) and Long term borrowings. Deferred tax Assets (Net) and Long term loans and Advances appear on the Assets side.

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