Question

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

Answer 1

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