Identify the major heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of Companies Act, 2013:

(i) Provision for Tax. (ii) Loan payable on demand.

(iii) Computer and related equipment. (iv) Goods acquired for trading

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Solution

Items

Main Head

Provision for Tax

Current Liabilities

Loan payable on demand

Current Liabilities

Computer & related equipment

Non- Current Assets

Goods acquired for trading

Current Assets

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Similar questions

Identify the major heads and sub-heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of Companies Act, 2013:

(i) Provision for Tax.

(ii) Loan payable on demand.

(iii) Computer and related equipment.

(iv) Goods acquired for trading.

Q. Under which major headings and sub-headings the following items will be shown in the Balance Sheet of a company as per schedule III of Companies Act, 2013?
(i) Provision for Employee Benefits.
(ii) Calls-in-Advance.

Under which sub-headings will the following items be shown in the Balance Sheet of a company as per Revised Schedule VI, Part of the Companies Act, 1956 (now Schedule III, Part I of the Companies Act, 2013).
(i) Long-term loan (ii) Capital Redemption Reserve.
(iii) Short-term provision (iv) Goodwill.
(v) Provision for warranties. (vi) Brand/Trade-marks.

Under which major heading and sub-heading will the following items be presented in the Balance Sheet of a company as per the Schedule III of the Companies Act, 2013.

(i) Copyrights

(ii) Cheques

(iii) Capital Redemption Reserve

(iv) Stock of Finished Goods

Q. Classify the following items under major head and sub-head (if any) in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013: (i) Capital Work-in-Progress: (ii) Provision for Warranties; (iii) Income received in Advance; and (iv) Capital Advances

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Items	Main Head
Provision for Tax	Current Liabilities
Loan payable on demand	Current Liabilities
Computer & related equipment	Non- Current Assets
Goods acquired for trading	Current Assets

Identify the major heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of Companies Act, 2013: (i) Provision for Tax. (ii) Loan payable on demand. (iii) Computer and related equipment. (iv) Goods acquired for trading

Items Main Head Provision for Tax Current Liabilities Loan payable on demand Current Liabilities Computer & related equipment Non- Current Assets Goods acquired for trading Current Assets

Identify the major heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of Companies Act, 2013:

(i) Provision for Tax. (ii) Loan payable on demand.

(iii) Computer and related equipment. (iv) Goods acquired for trading

Items

Main Head

Provision for Tax

Current Liabilities

Loan payable on demand

Current Liabilities

Computer & related equipment

Non- Current Assets

Goods acquired for trading

Current Assets