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Question
What are the major heads in the Equity and Liabilities part of the Balance Sheet as per Schedule III?
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Solution
The major heads in the Equities and Liabilities part of the Balance sheet are:
i. Shareholder’s Funds,
ii. Share Application Money Pending Allotment,
iii. Non- Current Liabilities and
iv. Current Liabilities
Balance Sheet
as at_______
|
Particulars |
Note No. |
Amount (Rs) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
a. Share Capital |
|
|
|
b. Reserves and Surplus |
|
|
|
c. Money Received against Share Warrants |
|
|
|
2. Share Application Money Pending Allotment |
|
|
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3. Non-Current Liabilities |
|
|
|
a. Long-term Borrowings |
|
|
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b. Deferred Tax Liabilities (Net) |
|
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c. Other Long-term Liabilities |
|
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d. Long Term Provisions |
|
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4. Current Liabilities |
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a. Short-term Borrowings |
|
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b. Trade Payables |
|
|
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c. Other Current Liabilities |
|
|
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d. Short-term Provisions |
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|
Total |
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|
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