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Solution - Statement of Profit and Loss and Balance Sheet in the Prescribed Form with Major Headings and Sub Headings

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Question

Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per revised Schedule-VI, Part-I of the Companies Act, 1956:

  1. Accrued Incomes
  2. Loose Tools
  3. Provision for employees benefits
  4. Unpaid dividend
  5. Short-term loans
  6. Long-term loans.

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