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Under which sub-headings will the following items be shown in the Balance Sheet of a company as per Revised Schedule VI, Part of the Companies Act, 1956 (now Schedule III, Part I of the Companies Act, 2013).
(i) Long-term loan (ii) Capital Redemption Reserve.
(iii) Short-term provision (iv) Goodwill.
(v) Provision for warranties. (vi) Brand/Trade-marks.

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Solution

Particulars Major heading Sub-heading(i) Long term loanNon-current liabilitiesLong term borrowings(ii) Capital Redemption ReserveShareholer's fundsReserves and surplus(iii) Short term ProvisionCurrent liabilities ––(iv) Goodwill Non-current assetsFixed assets -Intangible(v) Provision for warrantiesNon-current assetsLong term provision(vi) Brand/Trade marksNon-current assetsFixed assets-Intangible


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