Question

List any four items other than 'stock-in-trade' that are presented under the sub-head 'inventories' as per schedule Ill of the Companies Act, 2013.

List the four items that are shown under the heading inventories other than 'stock in trade' in the Balance Sheet of a company as per Schedule Ill of the Companies Act, 2013.

Answer 1

List of items shown under inventories in the Balance Sheet of a company as per Schedule Ill of the Companies Act, 2013.

i. Stores and Spares

ii. Work-in-progress

iii. Raw materials

iv. Loose Tools