Under Which Major Headings the Following Items Will Be Presented in the Balance Sheet of a Company as per Schedule Vi Part I of the Companies Act, 1956? (I) Securities Premium Reserve (Ii) Balances with Banks (Iii) Term Loans from the Bank (Iv) Goods-in-transit (V) Loans Repayable on Demand (Vi) Computer Software (Vii) Unpaid Dividends and (Viii) Vehicles - Admission of a Partner - Preparation of Balance Sheet

Question

Under which major headings the following items will be presented in the Balance sheet of a company as per Schedule VI Part I of the Companies Act, 1956?

(1) Securities Premium Reserve

(2) Balances with banks

(3) Term loans from the bank

(4) Goods-in-transit

(5) Loans repayable on demand

(6) Computer software

(7) Unpaid dividends and

(8) Vehicles

shaalaa.com · Accepted Answer

Items Major Head Sub Head 1 Securities Premium Reserve Shareholder&rsquo;s Fund Reserve and Surplus 2 Balance with banks Current Assets Cash and Cash Equivalents 3 Term Loans from Banks Non-Current Liabilities Long-Term Borrowings 4 Goods-in-transit Current Assets Inventories 5 Loans repayable on demand Current Liabilities Short-Term Borrowings 6 Computer Software Non-Current Assets Fixed Assets &ndash; Intangible Assets 7 Unpaid Dividend Current Liabilities Other Current Liabilities 8 Vehicles Non-Current Assets Fixed Assets &ndash; Tangible Assets

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	Items	Major Head	Sub Head
1	Securities Premium Reserve	Shareholder’s Fund	Reserve and Surplus
2	Balance with banks	Current Assets	Cash and Cash Equivalents
3	Term Loans from Banks	Non-Current Liabilities	Long-Term Borrowings
4	Goods-in-transit	Current Assets	Inventories
5	Loans repayable on demand	Current Liabilities	Short-Term Borrowings
6	Computer Software	Non-Current Assets	Fixed Assets – Intangible Assets
7	Unpaid Dividend	Current Liabilities	Other Current Liabilities
8	Vehicles	Non-Current Assets	Fixed Assets – Tangible Assets

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