Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per revised Schedule-VI, Part-I of the Companies Act, 1956:
- Accrued Incomes
- Loose Tools
- Provision for employees benefits
- Unpaid dividend
- Short-term loans
- Long-term loans.
Advertisement Remove all ads
Solution
| Items | Major Heads | |
|
1. 2. 3. 4. 5. 6. |
Accrued income Loose Tools Provision for Employees benefit Unpaid Dividend Short-term Loans Long-term Loans |
Other Current Assets Inventories Short-Term Provision Other Current Liabilities Short-Term Borrowings Long-Term Borrowings |
Concept: Statement of Profit and Loss and Balance Sheet in the Prescribed Form with Major Headings and Sub Headings
Is there an error in this question or solution?
Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads
