Question

Under what major heads the following items on the Assets side of the Balance Sheet of a Company will be presented:

1. Marketable Securities
2. Loose Tools
3. Live Stock
4. Goods in Transit
5. Prepaid Expenses

Answer 1

	Heading	Sub-heading
A.	Current Assets	Current Investments
B.	Current Assets	Inventories
C.	Non-Current Assets	Property, Plant and Equipment and Intangible Assets - Property, Plant and Equipment
D.	Current Assets	Inventories
E.	Current Assets	Other Current Assets