Question

Under what heads the following items are shown in the Balance Sheet of a Company?

1. Patents and Trade Marks
2. Income Received in Advance
3. Debentures issued by the Company
4. Stores and Spare-parts
5. Motor Vehicles
6. Government Securities
7. Uncalled Liability on partly paid shares

Answer 1

	Heading	Sub-heading
i.	Non Current Assets	Property, Plant and Equipment and Intangible Assets - Intangible Assets
ii.	Current Liabilities	Other Current Liabilities
iii.	Non-Current Liabilities	Long-term Borrowings
iv.	Current Assets	Inventories
v.	Non-Current Assets	Property, Plant and Equipment and Intangible Assets - Property Plant and Equipment
vi.	Non-Current Assets	Non-Current Investments
vii.	Commitments in (Notes to Accounts)	Non-Current Investments