Question

Under which major headings and sub-headings the following items will be shown in the Balance Sheet of a company as per schedule III of Companies Act, 2013?

(i) Provision for Employee Benefits.
(ii) Calls-in-Advance.

Answer 1

S.No.	Item	Major Head	Sub-head
i)	Provision for Employee Benefit	Non-current Liabilities	Long term Provisions
ii)	Calls-in-Advance	Current Liabilities	Other Current Liabilities