Give the major heading and sub-heading of the following items which is to be presented in the Balance Sheet of a company.

(i) Sundry Creditors

(ii) Calls-in-Advance

(iii) Copyrights

(iv) Investment (Trade)

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Solution

$\begin{matrix} Items & Major heading & Sub-heading Sundry Creditors & Current liabilities & Trade payable Calls in advance & Current liabilities & Other current liabilities Copyrights & Non-current assets & Fixed-Intangible assets Investments (Trade) & Non-current assets & Non-current investment \end{matrix}$

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Give the major heading and sub-heading of the following items which is to be presented in the Balance Sheet of a company. (i) Sundry Creditors (ii) Calls-in-Advance (iii) Copyrights (iv) Investment (Trade)

ItemsMajor headingSub-headingSundry CreditorsCurrent liabilitiesTrade payableCalls in advanceCurrent liabilitiesOther current liabilitiesCopyrightsNon-current assetsFixed-Intangible assetsInvestments (Trade)Non-current assetsNon-current investment

Give the major heading and sub-heading of the following items which is to be presented in the Balance Sheet of a company.

(i) Sundry Creditors

(ii) Calls-in-Advance

(iii) Copyrights

(iv) Investment (Trade)