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Question

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.

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Solution

S.No.

Item

Major Head

Sub-head

i)

Provision for Employee Benefit

Non-current Liabilities

Long term Provisions

ii)

Calls-in-Advance

Current Liabilities

Other Current Liabilities


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