Question

Under what heads the following are recorded in a Company’s Balance Sheet?

1. Computer Software
2. Bills Receivable
3. Interest Accrued and Due on Debentures
4. Interest Accrued on Investments
5. Calls in Advance

Answer 1

	Heading	Sub-heading
I.	Non Current Assets	Property, Plant and Equipment and Intangible Assets - Intangible Assets
II.	Current Assets	Trade Receivables
III.	Current Liabilities	Other Current Liabilities
IV.	Current Assets	Other Current Assets
V.	Current Liabilities	Other Current Liabilities