Question

Under which major heads and sub-heads will the following items be placed in the balance sheet of the company as per Schedule III, Part I of the Companies Act, 2013?

1. Debentures with maturity period in current financial year;
2. Securities Premium;
3. Provident Fund.

Answer 1

S. No.	Item	Major Head	Sub-head
(i)	Debentures with maturity periods in the current financial year	Current Liabilities	Short-term Borrowings
(ii)	Securities Premium	Shareholders’ Funds	Reserves and Surplus
(ii)	Provident Fund	Current Liabilities	Other Current Liabilities