Question

Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule-III, Part-I of the Companies Act, 2013:

1. Stores and spare parts
2. Livestock
3. Public deposits

Answer 1

Item	Major Head	Sub-head
Stores and spare parts	Current Assets	Inventories
Livestock	Non-current Assets	Property, Plant and Equipment
Public deposits	Non-current Liabilities	Long-term Borrowings