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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