Question

Name the major heads under which the following items will be presented in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:

(i) Loose Tools

(ii) Unpaid Dividend

(iii) Copyrights and Patents.

(iv) Land and Building

Answer 1

Items	Main Head
Loose Tools	Current Assets
Unpaid Dividend	Current Liabilities
Copyrights & Patents	Non- Current Assets
Land & Building	Non- Current Assets