Main head and sub head of where does trade creditors account appear in company balance sheet according to schedule lll part 1 of companies Act, 2013

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Dear Student,
Here is your answer,

Trade creditors account will appear in company balance sheet according to schedule lll part 1 of companies Act, 2013 as follows:

Main Head : Current Liabilities
Sub Head: Trade Payable

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The Balance Sheet prepared by the junior accountant showed the following items against the Major Heads and Sub-Heads mentioned which were not as per Schedule III of the Companies Act, 2013

$\begin{matrix} Items & Major Head/Sub-head Loose Tools & Trade Receivables Cheques in Hand & Currnt Investments \end{matrix}$

You are required to represent the items as per the Companies Act, 2013.

Under which heads and sub-heads following items will appear in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013 :

(i) Debentures. (ii) Loose tools.

(iii) Calls-in-Advance. (iv) Stores and spares.

(v) Proposed dividend. (vi) Computer software.

Under which major head and sub-heads does the following items be placed in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013.

(i) Cash credit.

(ii) 10 years loan obtained from Financial Institutions.

(iii) Debenture Sinking Fund.

(iv) Matured Debentures.

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.

Balance Sheet prepared by the junior accountant showed the following items against the Major Heads and Sub-heads mentioned which were not as per Schedule III of the Companies Act, 2013.

$\begin{matrix} Items & Major Head/Sub-head Loose Tools & Trade Receivables Cheques in Hand & Current Investments Term Loan from Bank & Other Long-term Liabilities Computer Software & Tangible Fixed Assets \end{matrix}$

You are required to represent the items as per the Companies Act, 2013,

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Main head and sub head of where does trade creditors account appear in company balance sheet according to schedule lll part 1 of companies Act, 2013

Dear Student, Here is your answer, Trade creditors account will appear in company balance sheet according to schedule lll part 1 of companies Act, 2013 as follows: Main Head : Current Liabilities Sub Head: Trade Payable

Dear Student,
Here is your answer,

Trade creditors account will appear in company balance sheet according to schedule lll part 1 of companies Act, 2013 as follows:

Main Head : Current Liabilities
Sub Head: Trade Payable