Question

Under which major heads and sub-heads will the following items be placed in the balance sheet of the company as per Schedule III, Part I of the Companies Act, 2013: 

1. Computer Software
2. Unclaimed dividend
3. Loose tools

Answer 1

Items	Major Head	Sub Head
Computer Software	Non Current assets	Property, Plant and Equipment and Intangible assets (Intangible assets)
Unclaimed Dividend	Current liabilities	Other Current Liabilities
Loose tools	Current assets	Inventories