Question

Under which heads and sub-heads are the following items shown in the Balance Sheet of a Company as per Schedule III, Part I of the Companies Act, 2013?

1. Securities Premium
2. Interest accrued and due on secured loans
3. Drafts in Hand
4. Interest accrued but not due
5. Building
6. Brands/Trademarks
7. Sundry Debtors
8. Sundry Creditors
9. Premium on Redemption of Debentures
10. Mastheads and Publishing Title

Answer 1

S. No.	Major Head	Sub-head
(i)	Shareholders’ Funds	Reserves and Surplus
(ii)	Current Liabilities	Other Current Liabilities
(iii)	Current Assets	Cash and Cash Equivalents
(iv)	Current Liabilities	Other Current Liabilities
(v)	Non-current Assets	Property, Plant and Equipment and Intangible Assets – Property, Plant and Equipment
(vi)	Non-current Assets	Property, Plant and Equipment and Intangible Assets – Intangible Assets
(vii)	Current Assets	Trade Receivables
(viii)	Current Liabilities	Trade Payables
(ix)	Non-current Liabilities	Other Long-term Liabilities
(x)	Non-current Assets	Property, Plant and Equipment and Intangible Assets – Intangible Assets