Question

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

Answer 1

$$\begin{array}{ccc}\text{Particulars}& \text{Major Heading}& \text{Sub-heading}\\ \text{Copyrights}& \text{Non-current Assets}& \text{Fixed-Intangible Assets}\\ \text{Cheques}& \text{Current Assets}& \text{Cash and Cash Equivalents}\\ \text{Capital Redemption Reserve}& \text{Shareholders' Funds}& \text{Reserve and Surplus}\\ \text{Stock of Finished Goods}& \text{Current Assets}& \text{Inventories}\end{array}$$