Question

Under which major headings and sub-headings will the following items be shown in the Balance Sheet of a company as per Schedule III Part I of the Companies Act, 2013 :

(i) Net loss as shown by Statement of Profit and Loss

(ii) Capital redemption reserve.

(iii) Bonds

(iv) Loans repayable on demand

(v) Unpaid dividend

(vi) Buildings

(vii) Trademarks

(viii) Raw materials

Answer 1

$\begin{array}{cccc}\text{S. No}& \text{Items}& \text{Headings}& \text{Sub-headings}\\ \text{(i)}& \text{Net loss as shown by}& \text{Shareholder's funds}& \text{Reserve and Surplus as}\\ & \text{statement of profit and loss}& & \text{negative item}\\ \text{(ii)}& \text{Capital redemption reserve}& \text{Shareholder's funds}& \text{Reserve and Surplus}\\ \text{(iii)}& \text{Bonds}& \text{Non-Current liabilities}& \text{Long-term borrowings}\\ \text{(iv)}& \text{Loans payable on demand}& \text{Current liabilities}& \text{Short-term borrowings}\\ \text{(v)}& \text{Unpaid dividend}& \text{Current liabilities}& \text{Other current liabilities}\\ \text{(vi)}& \text{Buildings}& \text{Non-current assets}& \text{Fixed assets - tangible}\\ \text{(vii)}& \text{Trademarks}& \text{Non-current assets}& \text{Fixed assets - intangible}\\ \text{(viii)}& \text{Raw materials}& \text{Current assets}& \text{Inventory}\end{array}$