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Question

Name the major heads under which the following items will be presented in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:
(i) Loose Tool. (ii) Unpaid Dividend.
(iii) Copyrights and Patents. (iv) Land and Building.

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Solution

Items

Main Head

Loose Tools

Current Assets

Unpaid Dividend

Current Liabilities

Copyrights & Patents

Non- Current Assets

Land & Building

Non- Current Assets


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