Under which major head/sub-head will the following items be presented

in the Balance Sheet of a company as per Schedule III, Part I of the

Companies Act, 2013 ? 3

(i) Computer software

(ii) Calls-in-advance

(iii) Outstanding salary

(iv) Securities Premium Reserve
(v) Patents
(vi) Interest accrued on Investment
Q. Under which major head. .Companies Act, 2013?
Ans.

Item Major Head Sub Head

Computer software Non-Current Assets Fixed Assets-Intangible

Assets
Calls in advance Current liabilities Other Current Liabilities

Outstanding salary Current Liabilities Other Current Liabilities

Securities premium Shareholders funds Reserves and Surplus 3 marks

reserve

Patents Non-Current Assets Fixed Assets -Intangible

Assets

Interest accrued on Current assets Other current Assets

investment
Under which major headsub-head will the following items be presented
in the Balance Sheet of a company as per Schedule III Part I of the the
Companies Act, 2013 ? 3
(i) Capital Advances
(ii) Income received in advance
(iii) Capital work-in-progress
(iv) Motor vehicles
(v) Stores and spare parts
(vi) 9% Debentures
Q. Under which major head..... Companies Act, 2013?

Ans.

Item Major Head Sub Head

Capital Advances Non-Current Assets Long Term Loans &

Advances

Income Received in Current liabilities Other Current Liabilities

advance
Capital work in progress Non-Current Assets Fixed Assets

Motor Vehicle Non-Current Assets Fixed Assets -Tangible

Assets
3 marks
Stores & Spare Parts Current Assets Inventories

9% Debentures Non-Current Liabilities Long Term Borrowings

Under which major headings/sub-headings will the following items be
shown in a Company's Balance Sheet as per Schedule III Part Iof the
Companies Act, 2013 ? 3
i) Trade Payables
(ii) Provision for tax
(iii) Bank Overdraft
(iv) Goodwill
(v) Unclaimed Dividend
(vi) Loose tools
Q. Under which major headings........... Companies Act, 2013?

73

Ans.

Item Major Head Sub Head

Trade Payable Current Liabilities Trade Payables

3 marks
Provision For Tax Current Liabilities Short-Term Provisions

Bank overdraft Current Liabilities Short-Term Borrowings

GoodwillI Non- Current Assets Fixed Assets -Intangible
Assets

Unclaimed Dividend Current Liabilities Other Current Liabilities

Loose Tools Current Assets Inventories