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As per Schedule Iii, Part I of the Companies Act, 2013 'Calls-in-arrears' Will Be Presented Under Which of the Following Head/Sub-head, in the Balance Sheet of a Company? - Accountancy

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MCQ

Choose the appropriate alternative from the given options:
As per Schedule III, Part I of the Companies Act, 2013 'calls-in-arrears' will be presented under which of the following head/sub-head, in the Balance Sheet of a company?

Options

  • Reserves and Surplus

  • Current Liabilities

  • Contingent Liabilities

  • Shareholders Funds

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Solution

As per Schedule III, Part I of the Companies Act, 2013 'calls-in-arrears' will be presented under the head of 'Shareholders Funds', in the Balance Sheet of a company.

Hence, the correct answer is Shareholders Funds.

Concept: Calls in Advance and Arrears
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