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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: - Accountancy

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:

  1. Accrued Incomes
  2. Loose Tools
  3. Provision for employees benefits
  4. Unpaid dividend
  5. Short-term loans
  6. Long-term loans.
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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
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