what is the Major Head and sub-head of Preliminary Expenses?
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
ItemsMajor Head/Sub-headLoose ToolsTrade ReceivablesCheques in HandCurrnt Investments
You are required to represent the items as per the Companies Act, 2013.
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)