Under which heads the following items on the Assets part of the Balance Sheet of a company will be presented?

(i) Sundry Debtors; (ii) Patents and Trademarks; (iii) Shares in Quoted Companies:

(iv) Advances recoverable in cash; (v) Prepaid Insurance; and (vi) Work-in-Progress (Machinery)?

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Solution

Items Main head Sub-head

Sundry Debtors Current Assets Trade Receivables

Patents and Trade Marks Non-Current Assets Fixed Assets (Intangible Assets)

Shares in Quoted Companies Non-Current Assets Non-Current Investments

Advance Recoverable in Cash Current Assets Short-term Loans and Advances

Prepaid Insurance Current Assets Other Current Assets

Work-in-Progress (Machinery) Non-Current Assets Fixed Assets (Capital Work-in-progress)

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Similar questions

Under what heads the following items on the Assets side of the Balance Sheet of a Company will be presented :

(i) Sundry Debtors

(ii) Patents and Trade Marks

(iii) Shares in D.C.M. Limited

(iv) Bills Receivable

(v) Advances recoverable in cash within the operating cycle

(vi) Prepaid Insurance

(vii) Work-in-Progress

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Q. Under which heads the following items are shown in the Balance Sheet of a company:

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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 :

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(i) Sundry Debtors;	(ii) Patents and Trademarks;	(iii) Shares in Quoted Companies:
(iv) Advances recoverable in cash;	(v) Prepaid Insurance; and	(vi) Work-in-Progress (Machinery)?

Items	Main head	Sub-head
Sundry Debtors	Current Assets	Trade Receivables
Patents and Trade Marks	Non-Current Assets	Fixed Assets (Intangible Assets)
Shares in Quoted Companies	Non-Current Assets	Non-Current Investments
Advance Recoverable in Cash	Current Assets	Short-term Loans and Advances
Prepaid Insurance	Current Assets	Other Current Assets
Work-in-Progress (Machinery)	Non-Current Assets	Fixed Assets (Capital Work-in-progress)

Under which heads the following items on the Assets part of the Balance Sheet of a company will be presented? ​ (i) Sundry Debtors; (ii) Patents and Trademarks; (iii) Shares in Quoted Companies: (iv) Advances recoverable in cash; (v) Prepaid Insurance; and (vi) Work-in-Progress (Machinery)?

Under which heads the following items on the Assets part of the Balance Sheet of a company will be presented?

(i) Sundry Debtors; (ii) Patents and Trademarks; (iii) Shares in Quoted Companies:

(iv) Advances recoverable in cash; (v) Prepaid Insurance; and (vi) Work-in-Progress (Machinery)?