According to company act, 2013, schedule 3, debentures are shown in the company's balance sheet under which head
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According to company act, 2013, schedule 3, debentures are shown in the company's balance sheet under non current liabilities under sub heading of long term borrowing
Explanation:
- The balance sheet provides the statement of accounts for a company. It shows the financial position and condition of the enterprise. It gives the statement of 'assets', 'liabilities', number of 'equities' and more regarding the organisation.
- The balance sheet gives information regarding what the company owns, money it has spent, invested, fixed assets, securities, liabilities. taxes to be paid and more. It is made according to the legislation provided company act 2013, schedule 3
- Normally the balance sheet is divided into three sections of 'assets' which are owned by the enterprise, 'liabilities' that are debts in the accounts of the company and the 'equities' that are contributed by the stakeholders, investors and the owner
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