Question

Under which heads and sub-heads will the following items appear in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:

1. Public Deposits
2. Building under construction
3. Calls in Advance
4. Calls in Arrears

Answer 1

	Item	Head	Sub-head
(i)	Public Deposits	Non Current Liability	Long-Term Borrowing
(ii)	Building under construction.	Non Current Asset	Property, Plant and Equipment and Intangible Assets - Capital work-in-progress
(iii)	Calls-in-Advance	Current Liability	Other Current Liability
(iv)	Calls-in-Arrears	Shareholder’s Funds	Deducted from Subscribed but not fully paid capital