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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: - Book Keeping and 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:

i. Capital Reserve
ii. Bonds
iii. Loans repayable on demand
iv. Vehicles
v. Goodwill
vi. Loose tools

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Solution

Items SUB-Heads
i. Capital Reserves Reserves and Surplus
ii. Bonds Non-current Investment
iii. Loans repayable on de Short-Term Borrowings
iv. Vehicles Fixed Assets
v. Goodwill Fixed Assets
vi. Loose Tools Inventories
Concept: The Indian Partnership Act 1932
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