Question

Under which heads are the following shown in a company's Balance Sheet:

(i) Public Deposits

(ii) Office Furniture

(iii) Prepaid Rent

(iv) Outstanding Salaries

(v) Computer Software

(vi) Interest Accrued on Investment

(vii) Trade Payables payable after 12 months from the date of Balance Sheet?

Answer 1

S. No.	Items	Main Head	Sub-Head
1	Public Deposits	Non-Current Liabilities	Long-term Borrowings
2	Office Furniture	Non-Current Assets	Fixed Assets (Tangible Assets)
3	Prepaid Rent	Current Assets	Other Current Assets
4	Outstanding Salaries	Current Liabilities	Other Current Liabilities
5	Computer Software	Non-Current Assets	Fixed Assets (Intangible Assets)
6	Interest Accrued on Investment	Current Assets	Other Current Assets
7	Trade Payables payable after 12 months from the date of Balance Sheet	Non-current Liabilities.	Other Long-term Liabilities