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Question
Match the items given in Column I with the headings/sub-headings of the Balance Sheet as per Schedule III Part I of the Companies Act, 2013, given in Column II:
| Column I | Column II | ||
| A. | Stores and Spares | (i) | Long-Term Borrowings |
| B. | Balance with Banks | (ii) | Fixed Assets - Intangible |
| C. | Debentures | (iii) | Inventories |
| D. | Prepaid Expenses | (iv) | Cash and Cash equivalents |
| E. | Mining Rights | (v) | Other Current Assets |
Options
A - (iii), B - (iv), C - (i), D - (v), E - (ii)
A - (i), B - (ii), C - (iv), D - (iii), E - (v)
A - (iv), B - (i), C - (ii), D - (iii), E - (v)
A - (iv), B - (i), C - (ii), D - (v), E - (iii)
MCQ
Match the Columns
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Solution
A - (iii), B - (iv), C - (i), D - (v), E - (ii)
Explanation:
| Column I | Column II | ||
| A. | Stores and Spares | (i) | Long-Term Borrowings |
| B. | Balance with Banks | (ii) | Fixed Assets - Intangible |
| C. | Debentures | (iii) | Inventories |
| D. | Prepaid Expenses | (iv) | Cash and Cash equivalents |
| E. | Mining Rights | (v) | Other Current Assets |
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