Question
Name any two items that are shown under the head’ Other Current Liabilities’ and any two items that are shown under the head ‘Other Current Assets’ in the Balance Sheet of a company as per schedule III of the Companies Act, 2013.
Solution
Other Current Liabilities:-
- Income received in advance
- Unpaid Dividends
Other Current Assets:-
- Prepaid expenses
- Taxes paid in advance
Is there an error in this question or solution?
Solution Name Any Two Items that Are Shown Under the Head’ Other Current Liabilities’ and Any Two Items that Are Shown Under the Head ‘Other Current Assets’ in the Balance Sheet of a Company as per Schedule Iii of the Companies Act, 2013. Concept: Accounting for Revaluation of Assets and Reassessment of Liabilities.
