Question

Under which major heads and subheads will the following items be placed in the Balance Sheet of a company as per Schedule VI Part I of the Companies Act, 1956 :

(1) Bank overdraft.
(2) Cash and Cash Equivalents.
(3) Securities premium.
(4) The negative balance of the Statement of Profit and Loss.
(5) Goodwill.
(6) Trademark.
(7) 5 years loan obtained from SBI.
(8) Investments.

Answer 1

	Items	Head	Sub Head (if any)
1	Bank Overdraft	Current Liabilities	Short-Term Borrowing
2	Cash and Cash Equivalents	Current Assets	Cash and Cash Equivalents
3	Securities Premium	Shareholder’s Funds	Reserve and Surplus
4	Negative Balance of Statement of Profit and Loss	Shareholder’s Funds	Shown by the way of deduction from Reserve and Surplus
5	Goodwill	Non-Current Assets	Intangible Fixed Assets
6	Trademark	Non-Current Assets	Intangible Fixed Assets
7	5 Years Loan from SBI	Non-Current Liabilities	Long-term Borrowings
8	Investment	Non-Current Liabilities	Non-Current Investment