Question

Classify the following items under major heads and sub-heads (if any) in the balance sheet of the company as per Schedule-III, Part-I of the Companies Act, 2013:

1. Trademarks
2. Raw materials
3. Mortagage loan

Answer 1

Items	Major Head	Sub-head
(i) Trade Marks	Non-current Assets	Fixed Assets - Intangible Assets
(ii) Raw Materials	Current Assets	Invertories
(iii) Mortgage Loan	Non-current Liabilities	Long-terms Borrowings