Question

Under which heads the following are 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?

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