CBSE (Arts) Class 12CBSE
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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. - CBSE (Arts) Class 12 - Accountancy

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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:-

  1. Income received in advance
  2. Unpaid Dividends

Other Current Assets:-

  1. Prepaid expenses
  2. 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.
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